Russia Mulls Allowing Cryptocurrency for International Payments: Ifax

Russia Mulls Allowing Cryptocurrency for International Payments: Ifax
Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin, and Ripple plunge into water in this illustration on May 17, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday.

“The idea of using digital currencies in transactions for international settlements is being actively discussed,” Ivan Chebeskov, head of the finance ministry’s financial policy department, was quoted as saying.