In a significant shift in financial policy, the Bank of Russia has announced its support for accelerating the adoption of cryptocurrency payments for international settlements. This move marks a progressive step towards integrating digital currencies into the global financial landscape, potentially altering the dynamics of international trade and commerce. The announcement by the Bank of Russia comes at a time when the use of cryptocurrencies in global transactions is becoming increasingly prevalent. By adopting a sandbox-style experimental regime, the Bank aims to explore the practicalities and implications of ... (full story)