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REAKING NEWS: Russia Confirms Use of Bitcoin for International Payments
New York, NY – December 12, 2025 – 03:30 AM EST
In a major geopolitical and financial shift, Russia has officially confirmed the initiation of cryptocurrency usage for cross-border transactions, leveraging digital assets to navigate the complexities of global trade.
Russian Finance Minister Anton Siluanov confirmed that domestic companies have started utilizing Bitcoin ($BTC
) and other digital currencies for international settlements. This move reportedly began gaining traction in late 2024 and early 2025, operating under a designated legal pilot framework.
This decision is highly strategic, as it allows Russian entities to conduct international commerce while potentially bypassing conventional banking systems and Western sanctions. $ETH
By utilizing decentralized cryptocurrencies, companies gain an alternative, less-controlled mechanism for making and receiving payments globally.
$ZEC
The confirmation of this use case validates the core utility of Bitcoin as a borderless payment system, even on a governmental and corporate scale. This development is being closely monitored globally as it sets a major precedent for how nations under financial pressure may integrate digital assets into their foreign trade policies.
#RussianCrypto #BTCPayments #CrossBorderTrade #DigitalCurrency
New York, NY – December 12, 2025 – 03:30 AM EST
In a major geopolitical and financial shift, Russia has officially confirmed the initiation of cryptocurrency usage for cross-border transactions, leveraging digital assets to navigate the complexities of global trade.
Russian Finance Minister Anton Siluanov confirmed that domestic companies have started utilizing Bitcoin ($BTC
) and other digital currencies for international settlements. This move reportedly began gaining traction in late 2024 and early 2025, operating under a designated legal pilot framework.
This decision is highly strategic, as it allows Russian entities to conduct international commerce while potentially bypassing conventional banking systems and Western sanctions. $ETH
By utilizing decentralized cryptocurrencies, companies gain an alternative, less-controlled mechanism for making and receiving payments globally.
$ZEC
The confirmation of this use case validates the core utility of Bitcoin as a borderless payment system, even on a governmental and corporate scale. This development is being closely monitored globally as it sets a major precedent for how nations under financial pressure may integrate digital assets into their foreign trade policies.
#RussianCrypto #BTCPayments #CrossBorderTrade #DigitalCurrency
Ohio Passes Groundbreaking Blockchain Bill—$200 Bitcoin Payments Now Tax-Free
Key Highlights:
Ohio’s HB 116 allows tax-free $BTC payments under $200.Bill protects self-custody, mining, and node operations.Unanimous 13-0 vote signals strong bipartisan support.
Ohio is making waves in the crypto world with the passage of the Ohio Blockchain Basics Act (HB 116), a bold legislative move that positions the state as a leader in digital asset innovation. The bill introduces a tax exemption for Bitcoin payments under $200 and enshrines key rights for crypto users and businesses.
Empowering Everyday Bitcoin Use
One of the bill’s standout features is the “de minimis” exemption, which removes capital gains tax on $BTC transactions under $200. This change could dramatically boost crypto adoption by making small, everyday purchases with $BTC more practical and tax-efficient. The exemption will also adjust annually for inflation, ensuring long-term relevance.
Protecting the Crypto Ecosystem
Beyond tax relief, HB 116 safeguards the rights of individuals to self-custody their digital assets and operate mining rigs or blockchain nodes without excessive regulation. It also prevents local governments from imposing their own crypto-related taxes or restrictions, creating a more unified and innovation-friendly environment.
With this legislation, Ohio joins a growing list of U.S. states embracing crypto-forward policies. As competition heats up to attract blockchain businesses and infrastructure, Ohio’s proactive stance could set a precedent for others to follow.
#ohio #btcpayments
Ohio’s HB 116 allows tax-free $BTC payments under $200.Bill protects self-custody, mining, and node operations.Unanimous 13-0 vote signals strong bipartisan support.
Ohio is making waves in the crypto world with the passage of the Ohio Blockchain Basics Act (HB 116), a bold legislative move that positions the state as a leader in digital asset innovation. The bill introduces a tax exemption for Bitcoin payments under $200 and enshrines key rights for crypto users and businesses.
Empowering Everyday Bitcoin Use
One of the bill’s standout features is the “de minimis” exemption, which removes capital gains tax on $BTC transactions under $200. This change could dramatically boost crypto adoption by making small, everyday purchases with $BTC more practical and tax-efficient. The exemption will also adjust annually for inflation, ensuring long-term relevance.
Protecting the Crypto Ecosystem
Beyond tax relief, HB 116 safeguards the rights of individuals to self-custody their digital assets and operate mining rigs or blockchain nodes without excessive regulation. It also prevents local governments from imposing their own crypto-related taxes or restrictions, creating a more unified and innovation-friendly environment.
With this legislation, Ohio joins a growing list of U.S. states embracing crypto-forward policies. As competition heats up to attract blockchain businesses and infrastructure, Ohio’s proactive stance could set a precedent for others to follow.
#ohio #btcpayments
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