The Russian Central Bank is discussing the possible use of central bank digital currencies as a payment method in foreign trade, according to Elvira Nabiullina, the bank’s governor. Nabiullina stated that while Russia is opposed to the use of crypto payments in domestic transactions, the country is open to the idea of using cryptocurrencies in foreign trade.
Russia Supports Use of Crypto in Foreign Trade
The Bank of Russia is discussing the possible use of central bank digital currencies (CBDC) and cryptocurrencies in cross-border payments with friendly countries, according to Elvira Nabiullina, the bank governor. Nabiullina, who is credited with successfully steering the sanctions-hit Russian economy, added that her country’s CBDC or digital ruble has been inserted with a feature that would enable any integration with other CBDCs.
Regarding the use of cryptocurrencies, Nabiulla expressed her opposition to their use in domestic transactions during an interview with RIA Novosti. How
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