- Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities.
- The department recently announced it had reached an agreement with the monetary authority on the need to legalize international crypto payments in the face of Western sanctions.
- On the backdrop of these statements by government officials about the importance of using cryptocurrency as a means of payment that can reduce sanctions pressure on Russian exporters and importers, the CBR indicated it intends to prioritize the use of the state-issued digital currency.
Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes…
