Bitcoin

<p><strong>El Salvador has suggested using Bitcoin for trade with Russia, aiming to overcome financial constraints imposed by sanctions.</strong></p><h3 id="em-a-href-https-playaigames-online-pre-sale-rel-noopener-noreferrer-nofollow-30x-expected-profit-from-aig-token-ai-games-has-launched-its-native-token-aig-1-aig-token-price-is-0-01-exchange-lsiting-price-0-27-to-0-30-don-t-miss-this-opportunity-join-the-pre-sale-at-the-official-website-playaigames-online-a-em"><em><a href="https://playaigames.online/pre-sale/" rel="noopener noreferrer nofollow">30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity;  join the pre-sale at the official website [ PlayAiGames.Online ]</a></em></h3><p>According to a Russian embassy official, this move could help Russia maintain financial ties with the South American nation despite the limitations caused by sanctions.</p><h3 id="el-salvador-proposes-bitcoin-for-trade-amid-sanctions-challenges">El Salvador Proposes Bitcoin for Trade Amid Sanctions Challenges</h3><p>In an interview with the Russian state-owned newspaper “Izvestia,” Alexander Ilyukhin, the first secretary of the Russian embassy in Nicaragua and head of the office in El Salvador, discussed the difficulties of trading with El Salvador. He explained that, due to El Salvador’s use of the U.S. dollar as its national currency, finding alternative financial methods has become necessary. As a result, El Salvador has proposed using cryptocurrencies as an alternative.</p><h3 id="em-a-href-https-playaigames-online-pre-sale-rel-noopener-noreferrer-nofollow-30x-expected-profit-from-aig-token-ai-games-has-launched-its-native-token-aig-1-aig-token-price-is-0-01-exchange-lsiting-price-0-27-to-0-30-don-t-miss-this-opportunity-join-the-pre-sale-at-the-official-website-playaigames-online-a-em"><em><a href="https://playaigames.online/pre-sale/" rel="noopener noreferrer nofollow">30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]</a></em></h3><p>Ilyukhin noted that El Salvador was the first country to officially adopt Bitcoin as legal tender, allowing tourists to pay for services using Bitcoin since the decision was announced by President Nayib Bukele at the Bitcoin 2021 conference in Miami. However, despite this proposal, Ilyukhin pointed out that Russia is unlikely to adopt cryptocurrencies for cross-border trade at the moment. This is because Russia banned cryptocurrencies as legal tender in early 2021.</p><p>Ilyukhin emphasized that Bitcoin is not widely used in Russia, and the country is exploring other ways to enhance trade. He also mentioned that the government of El Salvador remains open to continuing economic cooperation with Russia.</p><h3 id="exploring-cryptocurrency-for-trade-amid-financial-and-legislative-shifts">Exploring Cryptocurrency for Trade Amid Financial and Legislative Shifts</h3><h3 id="em-a-href-https-playaigames-online-pre-sale-rel-noopener-noreferrer-nofollow-30x-expected-profit-from-aig-token-ai-games-has-launched-its-native-token-aig-1-aig-token-price-is-0-01-exchange-lsiting-price-0-27-to-0-30-don-t-miss-this-opportunity-join-the-pre-sale-at-the-official-website-playaigames-online-a-em"><em><a href="https://playaigames.online/pre-sale/" rel="noopener noreferrer nofollow">30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]</a></em></h3><p>The proposal to use cryptocurrency for trade between El Salvador and Russia reflects broader efforts to enhance financial transactions between the two nations. Alexander Ilyukhin emphasized the importance of enabling Russians to make payments freely abroad, suggesting that cryptocurrencies could currently be the most viable option for facilitating these transactions.</p><p>Ilyukhin highlighted that a more practical solution for tourists would be to use cryptocurrencies for payments. Despite Russia’s ban on cryptocurrency payments, legislative changes may be on the horizon. Recent reports indicate that the Russian parliament has advanced two crypto-related bills in their first readings. These bills could potentially allow the use of digital assets for international trade with major partners such as China, India, the UAE, and Turkey.</p><h3 id="em-a-href-https-playaigames-online-pre-sale-rel-noopener-noreferrer-nofollow-30x-expected-profit-from-aig-token-ai-games-has-launched-its-native-token-aig-1-aig-token-price-is-0-01-exchange-lsiting-price-0-27-to-0-30-don-t-miss-this-opportunity-join-the-pre-sale-at-the-official-website-playaigames-online-a-em"><em><a href="https://playaigames.online/pre-sale/" rel="noopener noreferrer nofollow">30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]</a></em></h3><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p><p><strong>#ElSalvador </strong> <strong>#Russia </strong> <strong>#Bitcoin </strong> <strong>#DonaldTrump </strong> <strong>#MichaelSaylor </strong> $BTC  $ETH  $BNB</p>

El Salvador Proposes Using Bitcoin for Trade with Russia

Table of Contents

cmcdelete@edb8d1ee4ec9a85c04690131b307c085

Other articles published on Jul 29, 2024

Ferrari to Extend Cryptocurrency Payments to Europe by July End

LemFi expands its international payment services to Brazil and Mexico

ZKX Unveils ‘Isolated Funds’ to Minimize Losses for Users

Gambling Crypto At $0.00107 Taking The Market By Storm, Is There Still Space For Shiba Inu?

Senator Cynthia Lummis Proposes U.S. Strategic Bitcoin Reserve to Reduce National Debt

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

Join our free newsletter for daily crypto updates!