Frankly speaking, Russia does not support cryptocurrency as a payment method that can enter the country’s financial system, but it is ready to consider various options for digital currency.
The head of the Central Bank of the Russian Federation, Elvira Nabiullina, during her speech at the Russian Parliament, stated that the Bank did not see the possibility of introducing cryptocurrency as a money surrogate, and therefore would not introduce it as a payment method into the country’s monetary system.
However, with all the negative attitudes towards cryptocurrency, the head of the Bank of Russia said that they are ready to consider stablecoins – a cryptocurrency that is pegged to gold – for settlements with foreign countries.
“As for mutual settlements, we will consider, of course, a proposal on a gold-backed cryptocurrency. But, in my opinion, it is more important to develop settlements in national currencies. ”
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