Amid Sanctions, Russia Weighs Cryptocurrency for International Payments: Report
The Russian Federation is said to be considering accepting cryptocurrencies for international payments in response to Western sanctions against the country sparked by the massive invasion of Ukraine earlier this year.
Moscow news agency Interfax and Reuters mentioned On Friday, Ivan Chepskov, who heads the Financial Policy Department of the Russian Finance Ministry, is actively studying the possibility of including cryptocurrency payments. “The idea of using digital currencies in transactions for international settlements is being actively discussed,” he said.
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