Explained: How Russia selling oil in Bitcoin could impact world’s economy | TOI Original

Nagen Singh

Sep 15, 2022, 08:04AM ISTSource: TOI.in

A Russian news agency, Izvestia has reported that several Russian government officials are musing upon accepting bitcoin and some crypto currencies as payment for international trade in 2023. The Bank of Russia which earlier opposed the idea of legalising cryptos has now come to terms with Russia’s finance ministry on the issue. Both of these government bodies agree that in today’s world, it is impossible to do without cross-border settlements in cryptocurrency. The video explains how the World’s second largest country selling its oil in cryptocurrencies will impact the world economy.

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