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Bloomberg: Russia plans to use Bitcoin for transactions within BRICS to bypass Western sanctions

Bloomberg: Russia plans to use Bitcoin for transactions within BRICS to bypass Western sanctions

Bitget2024/10/24 02:30

According to Foresight News, according to Matthew Sigel, head of digital asset research at VanEck, citing Bloomberg Terminal news, as the BRICS summit opened in Kazan, Russia, the issue of cryptocurrency was put on the agenda. Russian lawmakers are promoting the idea that Russian miners can sell tokens to international buyers, who can use Bitcoin and other cryptocurrencies to pay for imported goods, thereby bypassing Western sanctions.

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