Russia starts payment system without restrictions - digital currencies will be completely unlimited.

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Russland kündigte am Montag die Einführung eines neuen Zahlungssystems an, in dem die Nutzung digitaler Währungen bei internationalen Zahlungen völlig uneingeschränkt zugelassen ist. Finanzminister Anton Siluanov sagte, dass es sich um ein System handelt, das “keinen Beschränkungen unterliegt”. “Zwei Parteien kommen zu einer Vereinbarung, tätigen Abrechnungszahlungen, und kein anderes Land kann diese Zahlungen einfrieren”, erklärte der Minister. Siluanov enthüllte auch, dass der Rubel und der Yuan bereits bei gegenseitigen Abrechnungen zwischen Russland und China den US-Dollar ersetzen. Die Bank of Russia erforscht die Schaffung einer digitalen Währung, des digitalen Rubels, um sich vom US-Dollar abzukehren. Die USA und westliche Verbündete …
Russia starts payment system without restrictions - digital currencies will be completely unlimited. (Symbolbild/KNAT)
On Monday,

Russia announced the introduction of a new payment system in which the use of digital currencies in international payments is fully approved. Finance Minister Anton Siluanov said that it was a system that "is not subject to any restrictions". "Two parties come to an agreement, billing payments, and no other country can freeze these payments," said the minister. Siluanov also revealed that the ruble and the Yuan replace the US dollar with mutual billing between Russia and China. The Bank of Russia is researching the creation of a digital currency, the digital ruble, to turn off from the US dollar. In the course of the war between Russia and Ukraine, the United States and Western allies have frozen more than $ 300 billion in Russian central bank reserves. "Starting the digital ruble would further reduce the dependence of Russia on the Western and the US dollar payment infrastructure," said a report by the US Congression Research Service from 2021. The prospect of a new payment system that works without restrictions could have a major impact in the economy, especially with cross-border transactions. It remains to be seen how quickly the new system in Russia can be implemented and how other countries will react to the use of digital currencies in international payments.