Market
Will Russia's Bitcoin mining capacity increase by 20% by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from Russian energy companies or credible mining industry analyses
Story
Russia Uses Bitcoin in Foreign Trade; Plans Expansion in 2025, Says Finance Minister
Dec 25, 2024, 12:34 PM
Russian companies have begun using Bitcoin and other digital currencies for international payments following legislative changes aimed at countering Western sanctions, Finance Minister Anton Siluanov said. Speaking on state television Russia 24, Siluanov stated, "As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia." He confirmed that such transactions are already occurring and expressed confidence that their use will expand next year and increase further in 2025. This move marks a significant shift in Russia's approach to digital assets as it seeks alternatives to traditional financial systems amid ongoing sanctions.
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