Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled.The system underpinning the issuing and circulation of Russia’s central bank digital currency may well work with the digital legal tenders of other nations, representatives of the Russian monetary policy regulator indicated this week.
The alternatives include establishing two-way integration with each of the other CBDCs platforms or launching an international digital platform which would facilitate the simultaneous interaction between the digital currencies of multiple issuers. However, considering the option to legalize international crypto settlements under experimental legal regimes, a special organization will be set up to facilitate the purchase and sale of cryptocurrencies between the participants in such transactions.
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