VERY IMPORTANT CRYPTO MOVE FROM RUSSIA, FIXED COINS ARE LEGALIZED.
Russia, which is experiencing difficulties in trading due to Western sanctions, aims to enact the use of stablecoins in cross-border payments. The Central Bank of Russia is also actively involved in the studies.
“PERMANENT REGULATION, NOT TEMPORARY TRIAL”
Alexey Guznov, deputy governor of the Central Bank of Russia, also officially confirmed the work done and used the following statements:
“Our first focus here should be on regulating the transaction chain. Movements such as the transfer of the relevant cryptocurrency to Russia, its accumulation and use in cross-border payments should be placed within a certain framework. We want this to be a permanent arrangement, not a temporary trial.”
WHICH FIXED COIN?
The most important issue here is which stablecoin will be used in transfers... Currently, it stands out as the leading stablecoin Tether (USDT) in terms of market value and usage.
