Russia may adopt cryptocurrencies for international trade in 2023

Multiple Russian government officials are reportedly considering accepting bitcoin and some cryptocurrencies as a payment method for international trade in 2023. A week ago, the Russian Central Bank and the Ministry of Finance agreed on the need for this alternative payment method for cross-border payments. Ivan Chebeskov, Director of Financial Stability Markets at the Russian Ministry of Finance, said, "we "have some legislative initiatives that are being developed but have not been formally submitted to the government.” "cording to Chebeskov, Russia will allow businesses to choose whether they want to use Bitcoin or specific cryptocurrencies permitted by the state, which is expected to be facilitated by the Moscow and St. Petersburg stock exchanges, "so "at there may be different options for the implementation of international payments."