https://en.sputniknews.africa/20230418/russian-central-bank-mulls-experimental-use-of-digital-coins-in-external-payments-1058678329.html
Russian Central Bank Mulls ‘Experimental’ Use of Digital Coins in External Payments
Russian Central Bank Mulls ‘Experimental’ Use of Digital Coins in External Payments
Sputnik Africa
Russia’s Central Bank (the Bank of Russia) executives said Monday they were open to using digital currencies as an experiment to conduct financial transactions with a limited pool of trusted partners.
2023-04-18T09:33+0200
2023-04-18T09:33+0200
2023-04-18T09:33+0200
elvira nabiullina
bank
russian central bank
digital coins
cryptocurrencies
russia
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"We think this could be possible, in an experimental way, when making external payments," Bank of Russia Governor Elvira Nabiullina said in the parliament, adding digital coins should not be used for internal transactions. The central bank is working with the national government to identify organizations that will be eligible for international crypto transactions, Deputy Governor Alexey Guznov said. Organizations with partial state ownership will be prioritized at the launch of the crypto experiment, Guznov told reporters, but the central bank does not rule out dealing with private entities eventually. Cryptocurrencies in Russia are not officially accepted as a form of payment. Russian lawmakers will debate in April how to regulate the process of earning crypto tokens, known as mining.
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russia’s central bank, bank of russia, on monday, using digital currencies, as an experiment, to conduct financial transactions, limited pool, trusted partners, deputy governor, alexey guznov, crypto currencies
russia’s central bank, bank of russia, on monday, using digital currencies, as an experiment, to conduct financial transactions, limited pool, trusted partners, deputy governor, alexey guznov, crypto currencies
Russian Central Bank Mulls ‘Experimental’ Use of Digital Coins in External Payments
MOSCOW (Sputnik) – Russia’s Central Bank (the Bank of Russia) executives said Monday they were open to using digital currencies as an experiment to conduct financial transactions with a limited pool of trusted partners.
"We think this could be possible, in an experimental way, when making external payments," Bank of Russia Governor Elvira Nabiullina said in the parliament, adding digital coins should not be used for internal transactions. The central bank is working with the national government to identify organizations that will be eligible for international crypto transactions, Deputy Governor Alexey Guznov said.
Organizations with partial state ownership will be prioritized at the launch of the crypto experiment, Guznov told reporters, but the central bank does not rule out dealing with private entities eventually.
Cryptocurrencies in Russia
are not officially accepted as a form of payment. Russian lawmakers will debate in April how to regulate the process of earning crypto tokens, known as mining.
