Stablecoin

Future

Shift

Coin

<ul class="news-points">
 <li>Russia is considering legalizing stablecoins to circumvent Western sanctions, enhancing trade flexibility.</li>
 <li>The adoption of stablecoins could simplify international transactions, benefiting Russian enterprises.</li>
 <li>Shift towards yuan and BRICS initiatives highlight Russia’s strategic diversification in global finance.</li>
</ul>
Russia is exploring the legalization of stablecoins for international payments, a move aimed to circumvent Western sanctions and bolster its economic ties with non-Western partners. This policy shift, reported by <a href="https://iz.ru/1721559/mariia-kolobova/kriptovaia-poruka-vlasti-khotiat-legalizovat-steiblkoiny-dlia-mezhdunarodnykh-raschetov?data=897234crypto73234news" target="_blank" rel="noopener noreferrer nofollow">Izvestia</a>, would allow Russian companies to conduct cross-border transactions using stablecoins, particularly with China, as the nation grapples with exclusion from the SWIFT global payment system.
Alexey Guznov, the Deputy Chairman of the Central Bank, disclosed that discussions are ongoing to formalize the use of stablecoins in cross-border transactions. This initiative aims to simplify international trade operations for Russian enterprises, especially those conducting business with China.
Guznov mentioned that the consideration to legalize stablecoins for international payments is under active deliberation. He emphasized the exploration…
The post <a href="https://coinedition.com/russias-stablecoin-gambit-what-it-means-for-the-future-of-global-finance-and-crypto/" rel="noopener noreferrer nofollow">Russia’s Stablecoin Gambit: What It Means for the Future of Global Finance and Crypto</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Russia’s Stablecoin Gambit: What It Means for the Future of Global Finance and Crypto

Coin Edition

Andere artikelen gepubliceerd op 4 jul 2024

Bitcoin Miner Capitulation Signals Potential Rebound Amidst Market Turbulence

Ethereum (ETH) to Touch $3,000, Here Are 3 Things to Know

Belgium’s FSMA says crypto scams still account for 50% of fraud activity

Tron Founder Justin Sun Willing to Minimize German Government's 40,359 BTC Sell-Off

CYBRO DeFi Platform Revolutionizes Investment Landscape with AI Technology

Dogwifhat (WIF) Loses Bulls Support, Chases New Low

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!