New Russian Law Permits Use of Crypto in Global Trade Settlements

Authored by Nik Hoffman via BitcoinMagazine.com, In a significant legislative move, Russian lawmakers have passed a bill permitting businesses to use Bitcoin and other cryptocurrencies in international trade, according to a report by Reuters. This development is part of Russia's strategy to circumvent Western sanctions imposed following the invasion of Ukraine. The new law, expected to take effect in September, aims to address delays in international payments, particularly with key trading partners like China, India, and the UAE. Central Bank Governor…