Russia’s parliament will consider a law that permits international payments via cryptocurrencies, Russia’s central bank governor said.
The lower house of the Russian Parliament will consider a law that permits making international payments via cryptocurrencies, Russia's central bank governor Elvira Nabiullina said Tuesday.
Russia is considering legalizing the use of cryptocurrency for international payments as the country faces ongoing financial pressure from Western sanctions.The State Duma, which is the lower house of the Russian Parliament, will on Tuesday consider a law that permits making international payments via cryptocurrencies, Elvira Nabiullina, the governor of Russia's central bank, said Tuesday.
The central bank's commitment to use crypto as a method of cross-border payment marks a reversal from the regulator's previous stance on the technology.It comes as growing tensions between Russia and the U.S. and its allies have led to innumerable sanctions on individuals and entities in Russia in retaliation to its assault on Ukraine.
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