Russia's economic advisors are advocating for the inclusion of cryptocurrencies in the country's national trade books. Maxim Oreshkin, an economic advisor to President Putin, emphasized the importance of recognizing Bitcoin mining as a significant export project. Russian companies have invested over $1.3 billion in mining infrastructure, using cryptocurrencies for import and export transactions, which are impacting the foreign exchange market.
The Russian government is moving towards integrating crypto trade into its regulatory framework to better manage foreign trade under current sanctions. This shift aims to leverage the growing role of cryptocurrencies in international trade and address economic challenges posed by sanctions.
Russia Considers Cryptocurrencies for National Trade Books
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