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Cryptocurrency For Cross-Border Payments: Russian Lawmakers Vote to Also Tighten Crypto Mining Rules
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Russian lawmakers vote to tighten rules on cryptocurrency mining, while also paving the way for it to be used in cross-border payments as a means to skirt Western sanctions. The new laws, yet to be signed by President Vladimir Putin, would enable Russia's central bank to set up a pilot project to explore the use of cryptocurrency -- previously not a permitted means of payment -- in cross-border transactions. Russia has been cut off from swathes of the global payments network in response to its full-scale military offensive on Ukraine, complicating its ability to trade internationally. Watch this video for the complete information!
#crypto #cryptocurrency #russia #cryptonews
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#crypto #cryptocurrency #russia #cryptonews
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App
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