Governor of the Central Bank of Russia: Russia will launch international cryptocurrency payments by the end of the year

ChainCatcher news, the Governor of the Central Bank of Russia stated that Russia plans to launch international cryptocurrency payments by the end of this year to counter Western sanctions. The central bank is prepared to take flexible measures and has already been discussing the conditions of this initiative with various ministries, agencies, and enterprises.

In addition, the State Duma of Russia (the lower house of parliament) has preliminarily approved legislation allowing businesses to use cryptocurrency for international payments.