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Russian Leader Inks Law Allowing Use of Digital Financial Assets in International Payments
Russian Leader Inks Law Allowing Use of Digital Financial Assets in International Payments
Sputnik Africa
MOSCOW (Sputnik) - Earlier, Russian President Vladimir Putin underlined that the financial industry is currently experiencing advancements in cutting-edge... 11.03.2024, Sputnik Africa
2024-03-11T14:00+0100
2024-03-11T14:00+0100
2024-03-11T16:14+0100
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Russian President Vladimir Putin signed a law that authorizes the usage of digital financial assets and digital utility rights, as well as digital rights that include both of these instruments simultaneously in international payments, according to the relevant document published on the official legal information portal.The initial edition of the bill touched upon modernization of financial platforms, while during the second parliamentary reading the document was amended with an opportunity of cross-border payments with the use of digital financial tools, excluding foreign financial assets. The Bank of Russia, together with a body authorized by the government, will set the conditions for separate operations of currencies with digital rights, as well as will be able to ban such operations.
https://en.sputniknews.africa/20230821/asia-africa-latin-america-have-growing-interest-in-new-forms-of-payment-apec-envoy-1061484002.html
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economy, vladimir putin, russia, digital technology , law, international, finance
economy, vladimir putin, russia, digital technology , law, international, finance
Russian Leader Inks Law Allowing Use of Digital Financial Assets in International Payments
14:00 11.03.2024 (Updated: 16:14 11.03.2024) MOSCOW (Sputnik) - Earlier, Russian President Vladimir Putin underlined that the financial industry is currently experiencing advancements in cutting-edge solutions, including digital currency and digital financial assets. Given this, mutual trust and respect are crucial in international economic cooperation, he stressed.
Russian President Vladimir Putin signed a law that authorizes the usage of digital financial assets and digital utility rights, as well as digital rights that include both of these instruments simultaneously in international payments, according to the relevant document published on the official legal information portal.
The initial edition of the bill touched upon modernization of financial platforms, while during the second parliamentary reading the document was amended with an opportunity of cross-border payments with the use of digital financial tools, excluding foreign financial assets.
The
Bank of Russia, together with a body authorized by the government, will set the conditions for separate operations of currencies with digital rights, as well as will be able to ban such operations.
