Russia, China May Use Bitcoin Politically

On February 4, news emerged that Russian President Vladimir Putin had sent a letter to the people of China, published by a local news agency, detailing ongoing trade between the two countries and mutually beneficial infrastructure projects.

Chinese President Xi Jinping and Russian President Vladimir Putin also met in Beijing ahead of the opening of the 2022 Winter Olympics, to be held in Beijing, and dropped an intense conversation on the cables. Following that meeting, the leaders issued a joint statement confirming Russia’s support for China in its disputes with Taiwan; expressed concern about a defense alliance led by Australia, the UK and the US; and criticized the expansion of NATO, among other things.