Putin Says Crypto Can’t Yet Replace Dollar in Settling Oil Trades: Report

Putin Says Crypto Can’t Yet Replace Dollar in Settling Oil Trades: Report
Vladimir Putin said that he doesn’t think crypto can replace the U.S. dollar in settling oil trades yet, though he does believe it has value.The Russian president had been asked whether he thought bitcoin or other crypto could be used as an alternative to the dollar in the context of U.S-imposed dollar-denominated economic sanctions.Putin told CNBC on Wednesday that it’s too early to talk about using crypto in the trading of energy sources.“I think it’s too early to say about the oil trade in cryptocurrency,” Putin said, though adding that he does believe crypto has value and may exist as…