REC Develops Cross-Border 'Digital Sandbox' for Crypto-Settlements
"The Russian Export Center considers digital payment instruments to become one of the promising ways to provide alternative options for cross-border settlements in a restricted environment", the REC head noted.
"An alternative payment system, which I am sure will now develop incredibly quickly, is the settlement in cryptocurrencies. As a development institution, which captures all current trends, in addition to traditional activities, we are now closely examining the possibility of becoming such a "cross-border digital sandbox" to pilot the use of cryptocurrencies in cross-border settlements. We have already brought together both fintech companies and regulators, we are in close cooperation with Rosfinmonitoring and the Central Bank, whose cooperation is essential to fully create all layers of payments in cryptocurrencies", the head of REC said.