The country is reportedly looking into legalizing cryptocurrencies as means of international payments to counter western sanctions.
Russia is reportedly considering allowing cryptocurrencies to be used as means of international payments. This comes at times when the country is under heavy scrutiny from almost all western countries.
The idea of using digital currencies in transactions for international settlements is being actively discussed. – Said Ivan chebeskov, head of the finance ministry’s financial policy department.
The questions is when this happens, how it wil be regulated, now that the central bank and govermnet are actively working on it. But everyone tends to understand that… sooner or later, this will be implemented in some format or other.
Georgi Georgiev is CryptoPotato’s editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi’s passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn’t looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
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