Explained: How Russia Selling Oil in Bitcoin Will Affect the World Economy | business – Times of India Videos

Nagen Singh

Sep 15, 2022, 08:00 AM ISTSource: TOI.in

A Russian news agency, Izvestia, has reported that several Russian government officials are considering accepting bitcoin and some cryptocurrencies as payment for international trade in 2023. The Bank of Russia which previously opposed the idea of ​​legalizing crypto has now come to terms with Russia’s finances. Ministry on this issue. Both 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 is selling its oil in cryptocurrency, how it will affect the world economy.