Russia Developing Sandbox for Cross-border Crypto Payments

"The Russian Export Center (REC) is considering the employment of digital currencies

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as an alternative approach to international settlements under sanctions."

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"The project will aim to create opportunities for fintech companies

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to process payments using digital financial instruments on behalf of Russian exporters and importers."

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"The initiative comes after the Bank of Russia softened its stance on crypto payments in foreign trade deals."

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"Most Russian institutions agree that the ruble should remain the only legal tender inside Russia."

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