The Russian Central Bank supports the use of cryptocurrencies for international settlements and plans to promote the formulation of relevant bills

According to Bitcoin.com, Russia supports expanding the types of currencies and payment methods for international settlements. Last week, the Governor of the Central Bank of Russia, Elvira Nabiullina, stated that the bank will support the acceleration of a bill that supports the use of cryptocurrencies for international payments. However, Nabiullina emphasized that these payments should be introduced under an experimental sandbox legal framework.It is reported that the institution has always opposed the circulation and use of cryptocurrencies for national payments because these assets are not controlled by national regulatory agencies. However, the country's central bank is open to its use for foreign settlements. In contrast, the use of national digital assets (also known as CBDC) for payments has been explored without any exploratory sandbox.