El Salvador, which broke new ground by accepting Bitcoin as legal currency, has set an example for other countries with this move and has recently been talked about with the agreement it made with the IMF.
But now it has come to the agenda with a possible visit to Russia.
According to CNN, El Salvador President Nayib Bukele is reportedly planning a trip to Russia in the new year and Bitcoin will be an important part of these talks.
It is not clear whether the meeting will take place, and experts said at an early stage that the visit would largely depend on the political landscape, particularly the U.S. stance on Russia under President-elect Donald Trump.
Alexander Ilyukhin, First Secretary of the Russian Embassy in Nicaragua and Head of the Office in El Salvador, confirmed that talks on the visit were ongoing, adding that both sides were optimistic about the meeting, but that approval would depend on several factors, especially the political climate after Trump’s possible return to power.
“US policies will play important role in Russia-El Salvador talks.”
A Russian diplomat also stated that one of the key topics of the Latin American leader’s meeting with Russian President Vladimir Putin will be Bitcoin (BTC).
*This is not investment advice.
