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Russian Firms Embraces Bitcoin for Global Trade Amid Western Sanctions
Russian firms are leveraging Bitcoin and digital currencies for international trade amidst sanctions. This move is enabled by recent legislative adjustments designed to offset the impact of Western sanctions.
It is important to note that these sanctions have posed significant challenges to Russia’s trade with major partners such as China and Turkey, as local banks adopt a cautious approach to avoid regulatory backlash from the West.
Source: cryptopotato.com
