Yesterday Russia’s Deputy Finance Minister Alexei Moiseev said that the Central Bank of Russia, which has resisted moves to legalize cryptocurrency, was willing to contemplate using cryptocurrency for cross border payments.
To date, the Ministry of Finance and the central bank have taken opposing positions regarding cryptocurrency, with the central bank objecting to proposed Ministry of Finance legislation to legalize the sector.
Update: A day later, Tass reported Moiseev talking about using stablecoins pegged to commodities such as gold. “We are currently working with a number of countries to create bilateral platforms in order not to use dollars and euros,” said Moiseev.
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