**๐ Crypto News Flash: Russia Eyes Gold-Backed Tokens for Cross-Border Trades! ๐**
- **Sanctions Bite Hard:** Russia is exploring gold-backed tokenized assets to tackle cross-border payment issues.
- **Central Bank Involvement:** Managed by the central bank, these tokens aim to offer a stable mechanism for international transactions.
- **Testing Phase:** Market participants are currently testing these tokens, with plans for broader availability by year-end.
- **Regulatory Framework:** While in place, specific details on operators and processes remain undisclosed due to sanctions.
- **Stablecoins in Focus:** Russiaโs central bank is also considering legalizing stablecoins for cross-border transactions with China.
๐ฌ What do you think about gold-backed tokens? Share your thoughts in the comments!