Tag: international payments

Sep 13 2022

Russia Eyes Bitcoin For International Trade In 2023: Report

A Russian news agency reported multiple government officials deliberating on accepting bitcoin and some crypto currencies as payment for international trade in 2023.Russia may begin accepting bitcoin and some cryptocurrencies as payment for international trade in 2023, per a report from local media company...

Sep 05 2022

Russia To Legalize Use Of Cryptocurrency In International Trade: Report

The Bank of Russia and the Ministry of Finance have reportedly agreed to move toward approving the use of cryptocurrency payments in international trade.Russia is close to pushing legislation for the use of cryptocurrency in international trade.In current conditions “it is impossible to do without cross-border settlements in cryptocurrency,” the Bank of Russia and Ministry of Finance have...

Aug 30 2022

Iran Greenlights Bitcoin, Crypto Payments For Imports: Report

Iran reportedly passed a law enabling the use of bitcoin as payment for imports and establishing a framework for the asset class, including mining regulations.Iran has passed legislation establishing a legal framework for bitcoin and other cryptocurrencies.Under the new law, cryptocurrency can be used as payment for imports to the country by government and local businesses. The law...

Jul 27 2022

Bitcoin Is Global Money For An Interconnected World

Globalization has occurred to people, products and corporations — but what about our money?Globalization + What Is Money = BitcoinWhat is money? It's one of the more popular questions of the last few years. Especially in 2020 and 2021, when the grand, new U.S. administration decided to act as if a drunken sailor had taken over the keys to the printing...

Jun 17 2022

Russian Central Bank: Bitcoin, Crypto Payments For International Settlement Is “Possible”

The head of Russia’s central bank recently discussed that using bitcoin and other cryptocurrencies for international settlement is a possibility.The Central Bank of Russian Federation recently discussed using bitcoin and other cryptocurrencies for international settlement.Currently, the central bank holds that Russia should only use the assets for international settlement, not within Russia....

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