Russian Central Bank testing Stablecoins

Russian Central Bank testing Stablecoins

As per reports, the Bank of Russia has been testing stablecoins. The head of Russia’s central bank said, however, that just because they’re testing the coins doesn’t mean they will eventually turn into a money substitute. ’We are testing stablecoins in our regulatory ’sandbox,’’ said Elvira Nabiullina. The bank is also looking into the possibility of issuing its own digital currency.

Chris
Chris
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