Bank of Russia to Test International Crypto Payments With Companies – Finance Bitcoin News

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Bank of Russia plans to test cross-border crypto settlements.

The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development.The Central Bank of the Russian Federation intends to trial international trade settlements with cryptocurrencies, the monetary authority’s First Deputy Chairman Olga Skorobogatova announced on Monday.

Speaking at the State Duma, the lower house of Russian parliament, Skorobogatova detailed that the pilot project will be carried out with interested companies. However, she did not specifically name the market participants that will join in. In September, Deputy Minister of Finance Alexey Moiseev revealed that his department and the monetary policy regulator havethat, in the current conditions, it would be impossible for Russia to do without cross-border settlements in cryptocurrency.

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hoteliercrypto mantap nih.. kl realisasi bisa boom bgt crypto... kira2, bakal mulai dr yg segmentasi apa yah hmmmm

Using Bitcoin will provide stability and predictability to international trade. Trade will explode and this will probably have a snowball ❄️ effect. Other countries will be watching.

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Way to go Russia

What took them so long ?

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