Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says – Bitcoin News

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Russia may authorize cross-border crypto settlements in 2023, officials say.

Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says

Ivan Chebeskov, director of the ministry’s Financial Stability Department, has been quoted as saying that the draft features a provision on international transactions with digital assets. It recognizes cryptocurrency as property that can be used in barter deals. At the same time, the official did not rule out the adoption of a dedicated law specifically regulating cross-border crypto payments.

One of the lawmakers involved in these efforts, the head of the parliamentary Financial Market Committee, admitted in a conversation with the newspaper that he was ready to sponsor legislative acts regulating the matter. He further elaborated that Russian businesses will be able to choose which cryptocurrency they want to trade in — bitcoin, ethereum or any other.

 

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Russia prepares to use crypto (Bitcoin) to rebuff U.S. sanctions since 2019 as I hinted it to The Daily Telegraph

Russia will have to adopt bitcoin real soon I bet

Tether is perfect for this, that's a fact

u mean terrorist organization, sure thatll do good for the community

❤️

Shib

Of course Eth. Duh…

Bullish

I thought they were demanding payment in rubles? Even russians don't want their own currency? russia

shib

Hmm

Most will pick btc and eth safest bet.

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pinetwork

That would be good for traders

I have heard that they are considering stablecoins for that.. Tether_to has a good chance

why community is silent about gas reducing ?🤡🤡🤡

The amounts of bots under this tweet

Why are they keepinnn thiss a secret.?.

Airdrop Don't be late 🤯

Is this history in the makingg?..?.?.

Why is nooboody talkingMFNV aboout this?

Whyy ain’tt none bothered on talkinn about this?

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