The advantage of Bitcoin over a CBDC is that the U.S. and its allies are integrating it into their financial systems, so by using Bitcoin "pariah" states can leverage a censorship-resistant asset backed by their enemies. A CBDC on the other hand would depend almost exclusively on the economy of the nation that issues it.

To be clear, I do not endorse rogue states abusing this type of technology or the goodwill of democratic nations.

I often hear reports like this, but is it actually true or just another propaganda? I mean, did 2 countries as big as Russia and China trade and use bitcoin as a means of exchange? I have never seen proof of such trade, but just reports and stuff like that are difficult to believe.


Would countries be okay with this? Using the currency of another country for trades? Because this will only help strengthen the currency of one country alone. What difference does it make if you abandon the dollar and pick up another country's currency for foreign trade?
In a trade like this, where Saudi Arabia accepts the Chinese CBDC, only China benefits.

This is very good because bitcoin is not centralized like United States dollars. Some of these countries will want to find means to reduce or eliminate the power and sanctions of United States and these is one of the ways. Also that the world will turn to an asset that its price will be increasing than decreasing over a long period of time.

This is very bad because they are giving China what they have given the United States in the past which is United States is using to sanction many countries. Trades should be bitcoin instead of their stupid and scam fiat system.

They are trying to de-dollarize and Bitcoin will be one of their choices in near future and in long term. Before they can launch a currency for BRICS, that I don't know when it will happen and whether it will succeed, they will try to use something available like Bitcoin.

Like China are trying to sell USA bonds and switching their national reserves to gold. Bitcoin is better than gold, in fungibility, flexibility, portability and more, so that it can become a most favorite asset for China and Russia doing their billateral trades and even with other national trade partners.

When they use Bitcoin for cross-border national trades, they will do it secretly because they don't want to be watched by other competitive nations like the USA and European nations. Russia is already on massive sanctions after the war invasion to Ukraine and they don't want to have more sanctions by any reason. China don't want to be publicly identified by other countries about all their trades with a country in troubles like Russia.

Maybe it's now coming in more clearer for them to understand why they needed a decentralized digital currency like bitcoin to make their intentions come a reality toward having a transferable economic and financial development, except if they still want to go back on USD or rather be deceiving their own self, bitcoin has been the solution right from the start and they know it, but because of China's adamant nature against crypto and the way Russia also see why their Rubby should be first in place makes them wander before coming to agree on bitcoin, if they truly mean business, then they will surely see the effect on their economy because bitcoin is the reason for having a decentralized financial independent economy.

The government is above the law Lolz. Trump doesn't have the right to ban any country from using bitcoin, because how will he know when bitcoin is decentralized and will be used in an anonymous manner. Trump can threaten BRICS not to replace USD with BRICS currency because both currency are centralized. It's been a long time since the war that Russia has been using bitcoin for trade after their sanction from the International market and from UN.

This is a welcome development for Bitcoin as more countries adopt the use of Bitcoin in solving key needs as it regards financial transfer of money across borders and with the growing tension between the United States and it's allies towards Russia and China there was a time that Russia foreign reserves where even frozen so this News is a welcoming development because it will help foster trade between Russia and China, especially Russia because it will help Russia to do trade with other foreign countries because right now there are allot of sanctions on Russia that has affected their foreign reserves and some trade embargo on Russia

As far as I understand, the Communist Party of China has banned Bitcoin exclusively for its citizens.

The financial strategy of the Communist Party of China involves the use of a digital yuan (CBDC) as a means of payment in the country. Chinese citizens should not own the first cryptocurrency, as this makes them independent from the central government.

At the same time, Chinese elites are well aware of the strategic role of Bitcoin in the modern financial system (especially given the weakening role of the US dollar as a global reserve currency). Bitcoin is an effective tool for bypassing economic sanctions and bypassing other trade restrictions.

Therefore, the Communist Party of China encourages Bitcoin mining, as long as it is carried out by state-owned mining companies. China has also been accumulating Bitcoin for a long time.

i have my suspicions as well there has been no official report of these two countries actually using bitcoin for trade i feel like the title is misleading yes many countries are hoping to lessen their exposure to us dollar and are maybe considering bitcoin but china and russia have not yet properly implemented bitcoin to their countries
you have a point but it’s not all lost because saudi arabia can still get benefits from this if they are always doing trade with china anyways and this will basically make the processes easier