RUSSIAN CENTRAL BANK: BITCOIN, CRYPTO PAYMENTS FOR INTERNATIONAL SETTLEMENT IS “POSSIBLE”
The head of Russia’s central bank recently discussed that using bitcoin and other cryptocurrencies for international settlement is a possibility.
- SHAWN AMICK
- JUN 17, 2022
Elvira Nabiullina, head of the Central Bank of the Russian Federation, recently attended the St. Petersburg Economic Forum (SPIEF) where she commented on Russia’s use of bitcoin and other cryptocurrencies for international trade, per a report from state-media outlet Kommersant.
"Our position is that cryptocurrency should not be used as a means of calculation within the country... As for use in international settlements, if it does not penetrate the Russian financial system, it is possible," Nabiullina told reporters during the event.