Russian prime minister describes digitalassets as a “safe alternative” in foreign trade payments.
The top government official also called for increasing the use of the ruble for international settlements.Digital assets can become an alternative to traditional settlements and facilitate payments for imports and exports, the prime minister of Russia has recently remarked. Quoted by RBC Crypto news outlet, Mikhail Mishustin made the comment during a “strategic session on the development of the domestic financial system.
In his statement, which was streamed online, the head of the executive power in Moscow insisted that the Russian Federation needs to intensively develop innovative areas, including the introduction of digital assets. He elaborated: This is a safe alternative for all parties, which is able to guarantee uninterrupted payments for the supply of goods from abroad and for exports.
Russia has been mulling over ways to reduce its dependence on the U.S. dollar for quite some time as part of a policy objective referred to as “dedollarization.” Digital financial assets, a broad term in current Russian law that officials have used to describe cryptocurrencies, have beenA draft law “On Digital Currency” prepared by the Ministry of Finance is expected to more comprehensively regulate cryptocurrencies like bitcoin.
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