Russia plans to launch at least two digital currency exchanges in Moscow and St. Petersburg, as well as stablecoins backed by the Chinese yuan and BRICS currencies, according to Kommersant newspaper. The exchanges, aimed primarily at large investors, are run by a legal entity since current Russian laws do not regulate the operation of cryptocurrency exchanges. Last month, Russia announced plans to legalize assets tied to international payments. Recently, the Russian government passed a law allowing the use of digital assets for international payments in an effort to counter Western sanctions. Elvira Nabiullina, head of Russia’s central bank, said the sanctions have delayed payments, increased costs and lengthened supply chains.
Post a Comment
0Comments