Russian Central Bank: Bitcoin, Crypto Payments For International Settlement Is “Possible” Today

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  • The Central Bank of Russian Federation recently discussed using bitcoin and other cryptocurrencies for international settlement.
  • Currently, the central bank holds that Russia should only use the assets for international settlement, not within Russia.
  • The comments were made by the head of the central bank and oppose previous positions held by the monetary authority.

Elvira Nabiullina, head of the Central Bank of the Russian Federation, recently attended the St. Petersburg Economic Forum (SPIEF) where she commented on Russia’s use of bitcoin and other cryptocurrencies for international trade, per a report from state-media outlet Kommersant.

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