The Russian central bank has expressed support for the use of cryptocurrencies in international transactions but is opposed to their circulation within the country. Elvira Nabiullina, the bank’s governor, stated this position. Additionally, Olga Skorobogatova, the first deputy governor of the bank, revealed that the bank had received three inquiries from businesses about the potential use of digital financial assets in international economic transactions, although their names were not disclosed. This call for faster bill approval coincides with the U.S. Treasury Department’s active efforts to expand its sanctions capabilities to address the increasing misuse of cryptocurrencies by countries such as Iran, Russia, and North Korea.
Russian central bank pushes for speedy crypto legislation in response to US sanctions
