Bitcoin won’t likely be the choice for Russia’s crypto cross-border payments

In the face of escalating sanctions, Russian authorities understand they just cant do without cross-border crypto payment and are now taking steps to make it happen. Bitcoin, the worlds number one crypto by market cap, appears well-suited for Russias plan of using crypto for international trade settlements but a new report suggests that BTC wont likely be the crypto of choice by the government. Russia has been pushing for the use of crypto for cross-border payments. For instance, Russian regulators are working to legalize the use of crypto in foreign trade as part of their efforts to...


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