Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Russia's Central Bank encourages companies to use cryptocurrencies for trade settlements

CointimeCointime2024/07/05 00:37
By:Cointime

The Russian central bank has advised businesses to use multiple options including cryptocurrencies and other digital assets to promote trade with foreign partners and counter sanctions imposed by the West. Elvira Nabiullina, the head of the Russian central bank, spoke at a financial conference in St. Petersburg and pointed out that payment issues are one of the main challenges facing the Russian economy. New financial technologies have created opportunities for previously non-existent plans, which is why we have softened our stance on the use of cryptocurrencies in international payments and allowed the use of digital assets in such payments. She added that people are discussing different alternative options. Businesses are becoming very flexible and enterprising. They will find solutions to problems and often do not share them with us.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Is It Too Late to Buy MOCA? Moca Coin Price Skyrockets 48% And This Might Be The Next Crypto To Explode

Insidebitcoin2024/07/12 15:13

Token distribution protocol ZAP reaches $100 million valuation with latest funding

ZAP announced that it has raised $15.1 million in total funding.The Blast-based token distribution protocol has reached a token valuation of $100 million, ZAP’s pseudonymous founder and CEO Francis told The Block.

The Block2024/07/12 15:07

Meme Sol Labs Secures Series A Funding From EQT Ventures And Partners With Black Rights Organizations

Newscrypto2024/07/12 14:49

Justin Sun: I want to be a low-profile version of Musk and seek community opinions on the acquisition of Weibo

Odaily2024/07/12 14:38

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
10048.2%
ROI
Total profit $51245.84
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1338.92%
ROI
Total profit $3887.72

Bot copy trading

More
Morgee
Morgee
insight80/150
$17427.36
Total profit
Total subscriber profits $-223.07
GoldenEgg
GoldenEgg
insight149/150
$3416.37
Total profit
Total subscriber profits $-284.87