Russia hit $12 billion in crypto settlements, Putin aide says
Russia’s foreign trade settlements with cryptocurrency approached $12 billion in the first half of the year, according to the Kremlin’s business advisor.
The Russian president’s representative is convinced that cryptocurrencies are catching up with gold in terms of stability and are no longer a niche phenomenon.
Kremlin official compares cryptocurrency to gold
Cryptocurrencies like Bitcoin have ceased to be a niche asset and have already become as stable as gold, said Boris Titov, Commissioner for the Protection of Entrepreneurs’ Rights under the President of the Russian Federation.
Quoted by the Gazeta.ru website, Titov highlighted that the crypto market’s capitalization has reached $4 trillion, noting this is bigger…
