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Bank of Russia agrees to legalize crypto for cross-border payments

The Bank of Russia, the country’s central bank, has reportedly admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions.

The Russian central bank has been rethinking the approach to regulating crypto and agreed with the finance ministry to legalize crypto for cross-border payments, the local news agency TASS reported on Monday.

Deputy finance minister Alexei Moiseev reportedly said that the Bank of Russia and the finance ministry expect to legitimize cross-border payments in crypto soon.

At the Bangkok Fintech Fair of 2018, Sagar Sarbhai from Ripple stated that Ripple are working closely with 40 to 50 central banks

Edited by HAL1000
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