An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and technological challenges for settlements with digital assets.The Russian Export Center , which is a state-run institute tasked to support Russia’s exports, is now considering the employment of digital currencies as an alternative approach to international settlements under sanctions.
Settlements in cryptocurrencies represent an alternative payment system, which will develop incredibly quickly now, according to Veronika Nikishina who heads the REC. Speaking at the St. Petersburg International Economic Forum, she elaborated: Quoted by Tass, Nikishina added that the institute has already gathered representatives of fintech firms and regulatory bodies and is closely collaborating with the Central Bank of Russia as well as with the country’s financial watchdog, Rosfinmonitoring. Without these participants, it would be impossible to create all layers of crypto payments, the official noted.
They can't even use usdt freely...
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what is this?/
But they banned it, no?
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Bitgert
Will they accept or ban bitcoin? I don't understand anything.
Hmmmmmm the world have suffered enough, I think it's about time the war comes to an end. Real humans are suffering. Everyone should sheath the sword and keep the ego. Let's move on together. As for me and my community I'm invested in living and earning via staking 1/2
Good initiative from the wrong situations $paw
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Crypto mining has been existing in Russia for 7 years. Everyone will soon need crypto to boast their economy😂😂.
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Everybody with a Ukrainian flag in their bio better get onboard with crypto before Russia takes over.
hm
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Wait didn't they ban crypto sometimes? HAHA 2 China!