What's Hot

    Open interest in Bitcoin skyrocketed

    05.06.2023

    Riot Platforms sold 600 BTC out of 676 BTC mined in May

    05.06.2023

    The rate of the VELO token fell on the eve of the update

    05.06.2023
    Facebook Twitter Instagram
    Monday, June 5
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»Russia will not use Bitcoin in international payments
    c9d98ff50c234ea845cb01a5b76ecea7e752dc8f
    Bitcoin

    Russia will not use Bitcoin in international payments

    AdministratorBy Administrator29.09.2022No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Bitcoin


    Analysts believe that the Russian Federation will not use bitcoin for cross-border payments. Why?

    Although the Russian government has repeatedly voiced the idea of ​​​​using cryptocurrency in international trade, this cryptocurrency is unlikely to become bitcoin. This opinion was shared by a lawyer Elena Klyuchareva. She explains: Bitcoin and most other cryptocurrencies are difficult to control. She recalls that the country does not have a legal framework for cross-border payments in cryptocurrency, and the Central Bank and the Ministry of Finance have only agreed on common approaches.

    Since Russian regulators need to monitor and manage crypto transactions, their choice will probably fall on one of the local projects. The requirements for market behavior may turn out to be strict and only banks and other institutional players will be ready to comply with them.

    Edward Davydov from Emet Law Firm agrees. He adds: Russia will choose cryptocurrency, excluding pressure from other countries. This means that the popular dollar stablecoins USDC and USDT will not be included in the list.

    Sergei Mendeleev, founder of InDefi Smart Bank, sees this as a challenge. After all, foreign companies are unlikely to agree to conduct settlements in a stablecoin pegged to the ruble.




    #Russia #Bitcoin #international #payments

    Bitcoin International payments Russia
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Open interest in Bitcoin skyrocketed

    05.06.2023

    dYdX Community Backs $6.6M Proposal for SubDAO V2 Launch

    05.06.2023

    The Ordinals released an update due to the “cursed” inscriptions

    05.06.2023

    Analyst predicts the transfer of capital from altcoins to bitcoin

    05.06.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Open interest in Bitcoin skyrocketed
    • Riot Platforms sold 600 BTC out of 676 BTC mined in May
    • The rate of the VELO token fell on the eve of the update
    • Multichain developers have fixed a bug in the protocol
    • dYdX Community Backs $6.6M Proposal for SubDAO V2 Launch
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.