{"id":158495,"date":"2022-05-30T13:03:20","date_gmt":"2022-05-30T13:03:20","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158495"},"modified":"2022-05-30T13:03:20","modified_gmt":"2022-05-30T13:03:20","slug":"russia-may-soon-allow-crypto-for-international-payments-report","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/russia-may-soon-allow-crypto-for-international-payments-report\/","title":{"rendered":"Russia May Soon Allow Crypto For International Payments: Report"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/Russian-Deputy-Minister-Says-Crypto-Mining-Regulations-Must-Come-Soon-770x433.jpg\"><img alt='' src='https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/ED060975-59CE-44E3-9796-AC42CC0011E8-50x50.jpeg\"><\/p>\n<ul>\n<li>Russia may soon legalize crypto payments<\/li>\n<li>The country is holding active discussions to incorporate cryptocurrency as means for International payments.&nbsp;<\/li>\n<\/ul>\n<p>Russia is currently contemplating legalizing cryptocurrencies for international payments. As per a recent Reuters report, the country is actively discussing the possibility of incorporating crypto payments in its economic infrastructure to combat western sanctions imposed on it by the European Union.&nbsp;<\/p>\n<p><strong>Russia May Legalize Crypto For International Payments<\/strong><\/p>\n<p>Russia may reportedly enable crypto international payments sometime soon. A recently released Reuters report outlines that the country is currently holding active discussions to incorporate cryptocurrencies as means for international payments.&nbsp;<\/p>\n<p>&#8220;The idea of using digital currencies in transactions for international settlements is being actively discussed,&#8221; Ivan Chebeskov, head of the finance ministry&#8217;s financial policy department, was quoted as saying.&#8221; Reuters later added.&nbsp;<\/p>\n<p>Furthermore, the Russian Minister of Industry and Trade of the Russian Federation, Denis Manturov had earlier echoed a similar stance on cryptocurrencies, adding that the country will soon legalize cryptocurrency in one way or the other.&nbsp;<\/p>\n<p>&#8220;The question is, when this happens, how it will be regulated, now that the central bank and government are actively working on it\u2026But everyone tends to understand that &#8230; sooner or later this will be implemented, in some format or other&#8221; Manturov later stated.&nbsp;<\/p>\n<p>The country is looking forward to incorporating cryptocurrencies as a strategy to counter western sanctions imposed on it. Russia at present is battling some of the most intense financial sanctions imposed on it by the European Union. According to a BBC report, the EU has frozen the Russian Central bank assets to prohibit the country from using its $630 billion worth of foreign reserves.&nbsp;<\/p>\n<p>In addition to this, the United States has also forbidden Russia from making debt payments by using the $600 million worth of funds that it holds in US banks. These sanctions have significantly impacted the prices of its native currency Ruble, which has fallen nearly 22% in value.&nbsp;<\/p>\n<p>Source: <a href=\"https:\/\/en.ethereumworldnews.com\/russia-may-soon-allow-crypto-for-international-payments-report\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":158494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russia May Soon Allow Crypto For International Payments: Report - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/russia-may-soon-allow-crypto-for-international-payments-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia May Soon Allow Crypto For International Payments: Report - 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