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

Cointelegraph

Published Jun 16, 2022 09:03AM ET

Updated Jun 16, 2022 10:40AM ET

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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