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Putin's Economic Advisor Calls for Cryptocurrency to be Included in Russia's National Trade Balance
Summary: According to reports from Vedomosti and RBC, Maxim Oreshkin, the economic advisor to the Russian president, has stated that cryptocurrency should be included in the country's balance sheet, referring to Bitcoin mining as an 'undervalued export project.' He highlighted that Russian companies have invested over $1.3 billion in mining infrastructure and are using cryptocurrency for ...
According to reports from Vedomosti and RBC, Maxim Oreshkin, the economic advisor to the Russian president, has stated that cryptocurrency should be included in the country's balance sheet, referring to Bitcoin mining as an 'undervalued export project.' He highlighted that Russian companies have invested over $1.3 billion in mining infrastructure and are using cryptocurrency for import and export settlements, impacting the foreign exchange market. The Russian government is gradually moving towards regulating cryptocurrency trade to meet the demands of foreign trade under the backdrop of sanctions.
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Link: Putin's Economic Advisor Calls for Cryptocurrency to be Included in Russia's National Trade Balance [Copy]
