In a significant policy shift, Russia’s central bank has quietly opened the door for a “limited circle of investors” to trade Bitcoin. The Bank of Russia has also proposed new regulations...
In a significant policy shift, Russia’s central bank has quietly opened the door for a “limited circle of investors” to trade Bitcoin. The Bank of Russia has also proposed new regulations to govern crypto investments.
A recent leak reveals that Russia is leveraging Bitcoin and other cryptocurrencies to facilitate trade with China and India, effectively bypassing international sanctions.
Russian oil companies are reportedly using crypto transactions to convert rubles into yuan and rupees, with plans to continue even if sanctions are eventually lifted.
This development coincides with reports that the Trump administration has paused the sale of seized Bitcoin and is working on making Bitcoin a U.S. strategic reserve asset.
Meanwhile, Russian lawmakers are advocating for a similar Bitcoin reserve, in line with Putin’s earlier praise of cryptocurrency as a safeguard against Western financial dominance.
