El Salvador proposes settling international payments in Bitcoin…

El Salvador has proposed settling trade with Russia in Bitcoin, and the article reports that Russia has rejected the idea. According to a Russian diplomat, Russian exports to El Salvador stayed at the same level while imports fell to nearly zero due to sanctions, and El Salvador's companies want payment in dollars, which Russia cannot provide. The diplomat said Bitcoin is not widely used in Russia and suggested a bank processing yuan, rupee and ruble transactions instead. Separately, the article says the IMF has softened its tone on El Salvador's Bitcoin strategy, and that the country holds 5,840.76 Bitcoins worth around $335 million.