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ONNI🎩
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Russian Firms Embrace Bitcoin for Global Trade Amid Western Sanctions Russian Finance Minister Anton Siluanov announced that domestic firms are now using Bitcoin for international payments, facilitated by new laws countering Western sanctions. President Vladimir Putin criticized the dollar’s diminishing role and endorsed Bitcoin’s global regulatory resistance. Bitcoin’s recent surge above $100,000 fueled Russian interest, with a rise in crypto exchange traffic. Russia has legalized crypto use in foreign trade and intensified efforts to regulate and expand mining activities. Authorities cracked down on illegal mining, particularly in Irkutsk, while extending winter mining bans in regions like Siberia until 2031. Crypto mining consumes 1.5% of Russia's power, prompting these measures.
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