{"id":571879,"date":"2022-06-01T12:15:23","date_gmt":"2022-06-01T11:15:23","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=571879"},"modified":"2022-06-01T12:16:37","modified_gmt":"2022-06-01T11:16:37","slug":"russia-central-bank-crypto-foreign-trade","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/russia-central-bank-crypto-foreign-trade\/","title":{"rendered":"Russian Central Bank On Board With Using Crypto For Foreign Trade But Not Local Payments"},"content":{"rendered":"\n
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Russia\u2019s central bank is reportedly unopposed to leveraging cryptocurrencies as a payment method for international trade and settlement. However, the apex bank insists that digital currency integration in trade transactions must not cross over into domestic activities, per a recent report from Reuters<\/a>.<\/p>\n\n\n\n The news which broke on Monday came as a reply to the country\u2019s Finance Ministry and its attempt to push for crypto adoption. As EWN<\/a> reported last week, the chief of the ministry\u2019s financial policy branch, Ivan Chebeskov, disclosed that the agency was considering using crypto to conduct cross-border transactions. <\/p>\n\n\n\n According to Chebeskov, internal discussions around the concept were being held in a bid. The financial official explained sanctions due to ongoing political tensions had limited access to international payment options. <\/p>\n\n\n\n While the apex bank is not against using virtual currency for cross-border payments, Deputy Governor Ksenia Yudaeva stressed that cryptos should remain limited within Russia\u2019s local economy.<\/p>\n\n\n\n