Bank of Russia backs cross-border crypto payments vs. domestic trade

2022.06.16 17:56

Bank of Russia backs cross-border crypto payments vs. domestic trade

Russia’s central bank governor Elvira Nabiullina is the latest official to confirm that the country is warming to the idea of cryptocurrency payments, but not domestic ones.

According to Nabiullina, cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system.

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