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Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions

September 29, 2024
in Bitcoin
Reading Time: 1 min read
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Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions
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A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China. Russian Firms Explore […]
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