El Salvador’s President to Discuss Bitcoin with Russian Authorities

El Salvador’s President, Nayib Bukele, is planning a visit to Russia in 2025. One of the key topics for discussion could be cryptocurrencies, reports CCN, citing sources.

According to these sources, the dialogue is in its early stages, and its outcome depends on the United States’ stance towards Russia following Donald Trump’s inauguration. Although El Salvador has not joined Western sanctions, the overall geopolitical situation may impact the planned visit.

Bitcoin is cited as a potential topic for the meeting. As a country that has recognized cryptocurrency as legal tender, El Salvador might propose cooperation with Russia, which recently approved cross-border transactions in digital assets.

The two countries may also explore opportunities for collaboration in infrastructure and nuclear energy.

Earlier this summer, Russian President Vladimir Putin described the crypto market as a “very dynamic and promising area of the modern economy.”

Previously, El Salvador expanded its Bitcoin purchases despite an agreement with the IMF.