The Bank of Russia and the Ministry of Finance have reportedly agreed to move toward approving the use of cryptocurrency payments in international trade.
Living in Russia during the collapse of the Soviet Union makes the importance of bitcoin’s properties obvious to anyone who tried to protect their wealth.
China and Russia seem to be cooperating in their move to back their currencies with commodities. Will Japan be the first developed nation to adopt bitcoin?
Gazpromneft, the third-largest oil producer in Russia, is partnering with Swiss-based bitcoin mining company BitRiver to mine bitcoin with excess resources.
A senior official from the Central Bank of the Russian Federation said it is open to using bitcoin and other cryptocurrencies for international payments.
Russia’s Ministry of Finance is ‘actively considering’ the use of digital currencies for international payments, a government official reportedly said.
