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3232Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements
https://www.digit.info/latam-insights-encore-el-salvadors-proposal-opens-the-door-for-crypto-based-international-settlements/
Mon, 05 Aug 2024 22:46:05 +0000https://www.digit.info/latam-insights-encore-el-salvadors-proposal-opens-the-door-for-crypto-based-international-settlements/Read more]]>Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with Russia using crypto, and how this might encourage other nations to do the same. El Salvador Might Start […]
]]>Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina
https://www.digit.info/latam-insights-el-salvador-proposes-using-crypto-for-international-settlements-first-bitcoin-funded-company-registered-in-argentina/
Sun, 04 Aug 2024 21:05:14 +0000https://www.digit.info/latam-insights-el-salvador-proposes-using-crypto-for-international-settlements-first-bitcoin-funded-company-registered-in-argentina/Read more]]>Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina registers its first bitcoin-funded company, and the Polymarket Venezuelan presidential election bet is still undecided. Russian Diplomat: El […]
]]>Bank of Russia Supports Cryptocurrency Usage for International Settlements
https://www.digit.info/bank-of-russia-supports-cryptocurrency-usage-for-international-settlements/
Tue, 16 Apr 2024 05:34:45 +0000https://www.digit.info/2024/04/16/bank-of-russia-supports-cryptocurrency-usage-for-international-settlements/Read more]]>The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. Bank of […]
]]>Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
https://www.digit.info/russian-companies-actively-using-crypto-russia-to-adopt-4-relevant-laws-official-says/
Sun, 14 May 2023 08:00:45 +0000https://www.digit.info/2023/05/14/russian-companies-actively-using-crypto-russia-to-adopt-4-relevant-laws-official-says/Read more]]>Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of […]
]]>Iran Sets Up Platform to Facilitate Crypto Payments for Imports
https://www.digit.info/iran-sets-up-platform-to-facilitate-crypto-payments-for-imports/
Wed, 03 May 2023 12:19:59 +0000https://www.digit.info/2023/05/03/iran-sets-up-platform-to-facilitate-crypto-payments-for-imports/Read more]]>Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for […]
]]>‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says
https://www.digit.info/evil-crypto-can-be-used-in-foreign-trade-russias-deputy-finance-minister-says/
Mon, 01 May 2023 04:19:55 +0000https://www.digit.info/2023/05/01/evil-crypto-can-be-used-in-foreign-trade-russias-deputy-finance-minister-says/Read more]]>Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions […]
]]>World’s Largest Regional Organization to Switch to Settlements in National Currencies
https://www.digit.info/worlds-largest-regional-organization-to-switch-to-settlements-in-national-currencies/
Fri, 28 Apr 2023 22:00:42 +0000https://www.digit.info/2023/04/28/worlds-largest-regional-organization-to-switch-to-settlements-in-national-currencies/Read more]]>A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The […]
]]>Russia to Work With Digital Currencies of Other Nations
https://www.digit.info/russia-to-work-with-digital-currencies-of-other-nations/
Sun, 23 Apr 2023 06:49:58 +0000https://www.digit.info/2023/04/23/russia-to-work-with-digital-currencies-of-other-nations/Read more]]>The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of […]
]]>Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements
https://www.digit.info/russia-developing-payment-gateways-with-partners-like-turkey-mulling-crypto-settlements/
Wed, 19 Apr 2023 12:19:55 +0000https://www.digit.info/2023/04/19/russia-developing-payment-gateways-with-partners-like-turkey-mulling-crypto-settlements/Read more]]>Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The […]
]]>Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies
https://www.digit.info/putin-xi-vow-to-use-yuan-as-russia-and-china-move-to-settlements-in-national-currencies/
Wed, 22 Mar 2023 22:00:17 +0000https://www.digit.info/2023/03/22/putin-xi-vow-to-use-yuan-as-russia-and-china-move-to-settlements-in-national-currencies/Read more]]>As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia […]
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with Russia using crypto, and how this might encourage other nations to do the same. El Salvador Might Start […]
]]>
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina registers its first bitcoin-funded company, and the Polymarket Venezuelan presidential election bet is still undecided. Russian Diplomat: El […]
]]>
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. Bank of […]
]]>
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of […]
Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for […]
Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions […]
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The […]
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of […]
Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The […]
As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia […]