Sberbank welcomes the activity of Russian regulators in recognizing cryptocurrency as a payment instrument for international payments, as well as legalizing mining, said the bank’s deputy chairman of the board, Anatoly Popov, in an interview Reuters on the eve of the Eastern Economic Forum, writes RBC Crypto.
Popov specified that the main cryptocurrency that is most often used in settlements by Russian companies is the USDT stablecoin. This is due to the fact that market participants “are not always ready to accept the risk of changes in cryptocurrency rates.” The advantage of cryptocurrencies is fast settlements and the absence of intermediaries, he noted.
This is not the first such statement by Popov. In July, in a commentary by the Sber press service for RBC-Crypto, he noted that the initiative to organize a regulated cryptocurrency market in Russia will create the basis for the potential use of digital currencies in foreign economic activity, which will expand the possibilities for international settlements.
Then the bank, according to him, sent the Central Bank its wishes regarding the parameters of the experimental legal regime (ELR) for exchange trading in cryptocurrency and stated that it would continue to actively participate in the development of this regime.
Stay up to date! Subscribe to World Stock Market on Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
