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flag Russia uses Bitcoin for international payments to circumvent Western sanctions, Putin backs the move.

flag Russian Finance Minister Anton Siluanov announced that Russian companies are now using Bitcoin and other digital currencies for international payments to bypass Western sanctions. flag These sanctions have made local banks cautious about Russian transactions. flag Russia has legalized the use of cryptocurrencies in foreign trade and is a global leader in Bitcoin mining. flag President Putin has also shown support for using cryptocurrencies as an alternative to the US dollar.

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