• Vladimir Putin sees value in cryptocurrencies - but says it's too early to tell if they can settle oil trades

    13 days ago - By Business Insider

    "We have no other choice but to move to transactions in other currencies," Putin said.
    Getty
    Vladimir Putin recognized cryptocurrencies' value as a means of payment.
    However, the Russian president said it was too early to evaluate crypto's utility in the oil trade.
    The energy consumed by bitcoin mining is another potential hurdle for its use, he suggested.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Russian President Vladimir Putin said cryptocurrencies may hold some value, but it's too early to tell if they can be used in the oil trade. "I believe that it...
    Read more ...