December 24, 2024

Rise To Thrive

Investing guide, latest news & videos!

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

1 min read
Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions
Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid SanctionsA 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 […]