Join the larget crypto conference of 2024 in Bitcoin

Russia trying to figure out ways to use crypto in international trade: Ivan Chebeskov

Russia bitcoin news

Russian government agencies are continuously trying to figure out the possible ways to reduce the impact of international trade sanctions, with the help of cryptocurrencies.

In late February of this year, the Russian government started military invasions on Ukraine. Around 95 days have been completed, so far but still, war is continuously going on with lots of negative impacts on the economy of Russia & Ukraine simultaneously. The majority of the big powers imposed financial trade restrictions on Russia because it attacked on Ukraine. But now Russia is seeking to get out of these restrictions in the best possible ways.

Recently the Head of the Financial Policy Department under the Ministry of Finance, Ivan Chebeskov, said that the goverment of Russia is working to create the best possible ways to facilitate international trade activities with the help of cryptocurrencies.

Chebeskov also said that the inclusion of cryptocurrencies in the international trade activities will counter the effects of Western sanctions imposed on Russia, which is continuously increasing issues for Russia to go with smooth global trade activities.

   -----Cryptonews AD----->>> 

BYBIT - Copy Trading

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at .

  <<<-----Cryptonews AD-----  


These statements by the Russian Head of the Financial Policy Department are a proposal for the international financial activities but here local businesses are under tensioned situations because regulatory bodies of Russia are continuously trying to slow down the increasing use & involvement of cryptocurrencies.

However, in the past 5-6 months, the crypto community of Russia saw huge up and downs because of the crypto ban proposal by the Bank of Russia but recently Central Bank & Finance Ministry came together to bring better crypto regulatory policies to regulate & restrict illegal activities associated with Crypto assets.

However such reports are clear hints that Russia is continuously planning to use cryptocurrencies as a decentralized payment system but recently Changpeng Zhao, CEO of Binance exchange, shared his opinion on these efforts of Russian government.

According to Binance CEO, Russia can’t bypass financial sanctions with the help of cryptocurrencies because cryptocurrencies are not only decentralized but traceable, so it will not be suitable to use cryptocurrencies in these situations by Russia.

Read also: Paraguay more closer to adopt cryptocurrencies but not as currency

Russia trying to figure out ways to use crypto in international trade: Ivan Chebeskov











Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !



.Grapefruit Media

Grapefruit Media


Unique Meta Crypto Investing Platform

Unique Meta Crypto Investing Platform




Read more… 




Read more… 

Create your free account here… 


SUPEREX – The most secure digital asset trading platform of the world!

SUPEREX Digital asset trading network

Read more… 

Create your free account here… 


SPIN2MONEY – Investing Platform

spin2money Investing Platform

Read more… 

Create your free account here… 


SMART PART TIME Investing Platform


Smart Part Time

Read more… 

Create your free account here… 


LIGA FIFA Betting Platform

Liga Fifa Betting Platform

fifa world cup Qatar 2022

Read more… 

Create your free account here… 


Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


Please follow and like us:

Social media & sharing icons powered by UltimatelySocial