Bank of Russia to test crypto in cross-border payments

The Russian government is moving ahead with its plans of using cryptocurrency for international settlements. The Central Bank of the Russian Federation, also known as the Bank of Russia, plans to conduct trials with private companies using crypto for cross-border payments. The planned testing will be done under a special legal framework that is now being developed. The planned testing was announced on Monday by Olga Skorobogatova, the banks First Deputy Chairman. According to the executive, the Central Bank of the Russian Federation (CBR) intends to trial international trade settlements...

source: https://tokenpost.com/Bank-of-Russia-to-test-crypto-in-cross-border-payments-9848

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