Russia Advances Crypto Use for International Settlements
The Bank of Russia is pushing for rapid adoption of cryptocurrency payments for international transactions. Governor Elvira Nabiullina announced plans to initiate these crypto-based payments in a controlled, sandbox-style experimental regime. This move contrasts with the direct launch of national digital asset payments, which will proceed without such precautions.
Stay tuned for more developments on this pivotal shift in Russia's approach to digital finance!
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