Russia is mulling the use of alternative payment systems to expedite international settlements. Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that he expects digital financial assets will be harnessed for international payments starting this year. Russian President Vladimir Putin recently approved a law that regulates the use of digital financial assets for these payments. Aksakov detailed that there were institutions interested in using these for this use case. “I know that several organizations are now preparing mechanisms for implementing the adopted decisions,” he stressed.
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