Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements Wi...
Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged the government to work out an alternative system for settlements with Moscow’s partners. Chamber of Commerce Proposes Improving Russia’s Trade With African Nations In a letter sent to Russian Prime Minister Mikhail Mishustin, President of the Chamber of Commerce and Industry of Russia Sergey....
Related News
Russia should deploy cryptocurrencies and CBDCs for settlement and payments with Africa, the president of the Chamber of Commerce and Industry believes. An executive at Russia’s Chamber of Commerce and Industry has called on the government to conduct cross-border settlements in cryptocurrencies and central bank digital currencies (CBDC).Chamber president Sergei Katyrin sent a letter to Russian Prime Minister Mikhail Mishustin, providing a set of proposals for developing cooperation with African countries, the local state-backed publication TASS reported Thursday.In the letter, Katyrin....
The newly-established Chamber of Digital Commerce has reportedly registered a spending PAC (political action committee) with the Federal Election Commission (FEC), according to political news website The Hill, citing recently-disclosed documents. The formation of the PAC doesn't mean the Chamber is planning to put their support behind any particular candidate at this juncture, but it is in preparation for things to come. And just what those things are is anyone's guess. "We're in the very earliest stages of setting up," said Perianne Boring, President of the Chamber, to The Hill. "We....
The Chamber of Digital Commerce goes to bat for a spot bitcoin ETF in The US. Plus, it goes for Chairman Gensler’s throat. The organization doesn’t mince words in the report titled “The Crypto Conundrum. Why Won’t the SEC Approve a Bitcoin ETF?” The Chamber of Digital Commerce argues that all of the standards that […]
Finance Ministry official says an upcoming bill may provide local infrastructure a allow businesses to negotiate the use of cryptocurrencies in international trade on their own. A Russian Finance Ministry official has provided new details about a bill on digital currencies, whicht is currently being drafted.The bill provides local infrastructure for settlements and regulation on mining, but will leave many details for businesses to work out on their own, the Finance Ministry's Financial Policy Department head Ivan Chebeskov said Monday at a roundtable hosted by the International Chamber of....
Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could happen in the coming months. Russian Government Poised to Greenlight International Transactions in Cryptocurrency Russia may authorize cross-border crypto settlements with the law “On Digital Currency” which was presented by the Ministry of Finance in February of this year and has....