Bitcoin / Crypto

The Russian central bank is considering a gold backed crypto currency to facilitate international settlements.

Russia remains opposed to crypto coins replacing national fiat currencies though.

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 Bitcoin / Crypto

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The Russian central bank is considering a gold backed crypto currency to facilitate international settlements.

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Russia remains opposed to crypto coins replacing national fiat currencies though.

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Elvira Nabiullina, the head of the Bank of Russia, revealed that the bank may be interested in creating a gold-pegged crypto for conducting mutual settlements with global jurisdictions.

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However, Nabiullina claimed that she believes that it is more important to develop international settlements using national currencies.

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