Bank of Russia plans to test cross-border crypto settlements.
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development.The Central Bank of the Russian Federation intends to trial international trade settlements with cryptocurrencies, the monetary authority’s First Deputy Chairman Olga Skorobogatova announced on Monday.
Speaking at the State Duma, the lower house of Russian parliament, Skorobogatova detailed that the pilot project will be carried out with interested companies. However, she did not specifically name the market participants that will join in. In September, Deputy Minister of Finance Alexey Moiseev revealed that his department and the monetary policy regulator havethat, in the current conditions, it would be impossible for Russia to do without cross-border settlements in cryptocurrency.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia Finds Hole in Spacecraft Docked to International Space StationA Russian Soyuz spacecraft, which is currently docked to the ISS, sprung a leak. Officials have now identified a hole following an inspection.
Read more »
ECB’s Nagel: Central bank is a long way from inflation targetEuropean Central Bank (ECB) policymaker and Germany’s central bank head Joachim Nagel said in an interview with Stern on Tuesday, the “central bank is
Read more »
Uvalde district fails key security test more than six months after 21 killed in elementary schoolUVALDE, Texas — An undercover inspector posing as an intruder was able to access a school cafeteria during a December security audit in Uvalde, Texas, the school district's superintendent revealed Monday evening.
Read more »
Russia-Ukraine live updates: Ukraine shoots down 30 Russian drones, officials say'CHRISTMAS IS NOT CANCELLED': ABC News' Britt Clennett is in Bucha, the scene of death and destruction amid Russia's invasion of Ukraine. But Christmas there is not cancelled, as we saw at a tree-lighting ceremony that is a symbol of Ukrainian resistance.
Read more »
Tucson International Airport expects 210,000 passengers this holiday seasonTUS is preparing for more than 210,000 holiday travelers to go through the terminal now until Jan. 2. This is a 25% increase compared to the holiday passengers we saw last year.
Read more »
World's first propeller with 11 blades completes first test flightMT-Propeller has successfully demonstrated propellers with seven and nine blade prior to this with promising results.
Read more »