The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing for regulatory feasibility. Bank of Russia Explores Stablecoin Use for Cross-Border Transactions […]
Source link
Wheat for Cars, Seeds for Materials: Russia Revives Barter Amidst Crippling Sanctions
While still small compared with other alternative payment methods, barter has been revived in Russia to circumvent Western sanctions and...
