RussiaCentral Bank Governor Elvira Nabiullinaon foreign payments cryptocurrenciesthinks it can be used.
The spread of cryptocurrencies and the accompanying popularity began to affect the approaches of countries to this area. While many countries have been researchers on crypto, some countries have chosen to ban them. On the other hand, it stands out with its moves in Bitcoin mining. Russiahas signaled the use of cryptocurrencies.
RussiaCentral Bank Governor Elvira Nabiullinastated that they are against the use of cryptocurrencies within the country, but on foreign payments. indicated that it would be preferable.
Russian Central Bank Turns To Cryptocurrencies For Foreign Payments
Elvira, Governor of the Central Bank of Russia nabiullina, a controlled “experimental”in the environment with cryptocurrenciesstated that international trade would be allowed.
nabiullina , welcomes the use of crypto payments, which have passed regulatory controls and completed the experimental stages, as an external payment. However nabiullinareiterated his opposition to the use of crypto in the country.
The Central Bank of Russia has started to work on which institutions will be under the supervision of crypto payment transactions and how they will be processed. nabiullina, stated that a draft law is being prepared and it is planned to create a suitable environment for auditing the companies that will take part in the experiment process.
