Russia eyes bitcoin for international trade in 2023: report

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Russia could start accepting bitcoin and some cryptocurrencies as payment for international trade in 2023, according to a report by local media company Izvestia.

The announcement of a timetable for the use of the alternative payment method for cross-border payments comes a week after the Russian Central Bank and the Ministry of Finance agreed that this decision would be necessary.

Ivan Chebeskov, Director of the Financial Stability Market for the Russian Ministry of Finance, was cited in the Izvestia report as the source of the timeline, which was reportedly confirmed by Anatoly Aksakov, the head of the State Duma Committee – – the legislative body governing Russia. .

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