Russia Might Accept Bitcoin for Oil Payments (Report)

As the war between Russia and Ukraine continues and Western sanctions loom over the former, the country might accept Bitcoin for oil payments, according to some reports.

• Pavel Zavalny, deputy for the United Russia party in the 7th State Duma of the Russian Federation, was quoted saying that the country might accept Bitcoin for oil payments.

If they want to buy, let them pay either in hard ucrrency – and this is gold for us, or pay as it is convenient for us. The set of currencies can be different, and this is normal practice, so you can also trade bitcoins.” – He said according to a translation by CoinDesk.

• It’s unclear whether the most recent market moves are associated with the above comments, but BTC hit $44K for the first time since early March.

This story is developing.