Russia Tests Digital Assets for Cross-Border Transactions
- Russian businesses are testing digital financial assets for cross-border transactions.
- The Bank of Russia aims to expand the digital ruble pilot program by year-end.
- Central bank governor Elvira Nabiullina confirmed interest in crypto settlements under an experimental legal regime.
- Despite sanctions, import and export volumes remain largely unaffected.
- Finance Minister Anton Siluanov stated Russia uses crypto assets for foreign trade due to Western sanctions.
Businesses in Russia are actively exploring digital financial assets and showing interest in cryptocurrency settlements, according to central bank governor Elvira Nabiullina. The Bank of Russia plans to expand the digital ruble pilot program significantly by the end of the year.
Source (2.6)https://cryptobriefing.com/russia-business-testing-digital-assets/?rand=59535
