Russia may not want its citizens to dabble in digital assets, but its central bank is running out of options for international trade and payments.
According to a senior bank official, Russia’s central bank is open to using cryptocurrencies for international payments. On May 31, central bank First Deputy Governor Ksenia Yudaeva said, “in principle, we do not object to the use of cryptocurrency in international transactions.”
Central banks generally disapprove of decentralized digital assets because they erode their level of control over the country’s finances. Additionally, they may compete with any central bank digital currency
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