Crypto Payments Possible if They Don’t Penetrate Russia’s Financial System, C...
Cryptocurrencies can be used for international payments if they don’t penetrate the Russian financial system, the head of Bank of Russia has stated. The governor also insisted that the digital assets should not be traded on platforms operating inside the country. Bank of Russia Chair Ready to Accept Cryptocurrency Payments for International Settlements Cryptocurrencies can be employed in international payments if they do not “penetrate” the financial system of the Russian Federation, according to Elvira Nabiullina, governor of the Central Bank of Russia....
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Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said. 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.The digital currency should not be used as payment on platforms inside Russia, the Bank of....
Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial restrictions imposed over its invasion of Ukraine. Top Financial Regulator in Russia Welcomes International Crypto Payments The Federal Financial Monitoring Service of the Russian Federation, also known as Rosfinmonitoring, fully accepts that cryptocurrencies can be employed for settlements with....
Bitcoin, the first and the well-known cryptocurrency, has been a point of contention ever since it drew public attention in late 2013. Since it directly bypasses the established financial systems of sovereign nations, making a new form of virtual currency in a decentralized format accessible to anyone with a computer various countries, approaching it as an illegal commodity, have taken steps to curb its usage, often by citing its use in illegal contexts and thereby taxing it as foreign income or banning the cryptocurrency entirely. Other countries, however, have simply allowed it,....
Russia’s Deputy Director of the Federal Financial Monitoring Service just revealed that discussions are underway between the Central Bank and the Ministry of Finance regarding a national cryptocurrency. Russia’s Own Crypto on its Way? Deputy Director of the Federal Monitoring Service, Pavel Livadny, says that Russian citizens will be able to purchase the....
The National Settlement Depository (NSD), Russia’s central securities depository, has developed and successfully tested an e-proxy voting system running on a distributed ledger built with the NXT distributed cryptographic platform. The project's open-source code is available on GitHub. The NSD, a member of the Moscow Exchange, is a Russian nonbanking credit organization, Russia’s central depository and a professional securities market player. The organization provides depository, banking settlement and relevant services to market players. “Over the past ten years, the global financial....