More and more signs from Russian authorities lead to increasing recognition of cryptocurrencies as tools for international payments. In the past, the central bank has been adamant towards Russia crypto payments.
Russia Open To Crypto International Payments
Indicating that there could soon be relaxation of its opposition to digital currencies, Russia’s central bank made a positive comment. On Tuesday, an official from the central bank said they are open to allowing the use of cryptocurrency for international payments.
According to a Reuters report, the central bank’s first deputy governor Ksenia Yudayeva said the bank sees relatively high risks from wider use of cryptocurrencies. He reiterated that the bank, as the regulating authority sees the risks from crypto usage.
“Russia’s central bank is open to allowing the use of cryptocurrency for international payments.”
The first deputy governor also said risks to financial stability in the country had declined recently. He cited the ‘ample foreign currency liquidity’ among banks as the reason behind the decline.
