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Russia's central bank advises companies to consider alternative payment solutions such as cryptocurrencies to deal with Western sanctions

2024-07-04 10:43
Odaily News The Russian Central Bank urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and deal with Western sanctions. Elvira Nabiullina, the head of the Russian Central Bank, stressed that the central bank has softened its stance on the use of cryptocurrencies in international payments. She also mentioned the efforts being made to establish alternative global payment systems, such as BRICS Bridge. (Bitcoin.com)