Putin's economic advisor calls for inclusion of cryptocurrencies in Russia's national trade ledger

ChainCatcher news, according to reports from Vedomosti and RBC, Maxim Oreshkin, economic adviser to the Russian president, stated that cryptocurrencies should be included in the country's balance of payments, and described bitcoin mining as an "undervalued export project."

He pointed out that Russian companies have already invested over $1.3 billion in mining infrastructure and are conducting import and export settlements through cryptocurrencies, which has a real impact on the foreign exchange market. The Russian government is gradually promoting the inclusion of crypto trading within a regulatory framework to address foreign trade needs under the context of sanctions.