Russian lawmaker suggests accepting bitcoin for payments
Speaking at a press conference, State Duma committee chair Pavel Zavalny mentioned Bitcoin (BTC) when talking about what currencies Russia might accept as payment for oil and other resources.
- "If they want to buy, let them pay either in hard currency, and this is gold for us, or pay as it is convenient for us," said Pavel Zavalny, Chairman of the Committee of the State Duma of the Russian Federation on Energy, according to a translation of his comments. "The set of currencies can be different and this is normal practice, you can also trade bitcoins," he continued.
- Zavalny's remarks may, or may not be behind a sizable rise in the price of bitcoin (BTC) over the past 90 minutes, now up about 3% on the day, and at the $44,000 level for the first time since a brief price spike in early March.
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