Russian Companies Are Increasingly Accepting Crypto Payments
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Russian companies are already conducting cross-border settlements using cryptocurrencies, although the regulation of such transactions has not yet started working.
According to the director of the financial policy department of the Ministry of Finance, transactions are still being carried out “in a limited volume.”
Basically, digital currencies are used for settlements with unfriendly countries. First of all, this concerns the supply of Russian export goods and the import of component materials for the manufacturing sector.
Another segment of use was the import of consumer goods.
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