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Russia is ready to support new ways of facilitating international payments, including cryptocurrencies, Deputy Finance Minister Ivan Chebeskov has said, signaling a potential shift in government policy. He also argued that global trust in the US dollar and the euro has eroded significantly.

The price of Bitcoin, the world’s highest-valued cryptocurrency, surged past $64,000 on Friday, rebounding from a drop below the $60,000 mark. The crypto continues to experience volatility ahead of an upcoming ‘halving’ event, which has sparked controversy over its potential impact.