Russian Agricultural Financial institution, CBR exploring using cryptocurrency for payments in grain trade
MOSCOW. June 2 (Interfax) – Russian Agricultural Financial institution (RusAg) is contemplating using cryptocurrencies for settlements in grain buying and selling, the lender stated in a press launch.
“We imagine that cryptocurrencies might be a handy various instrument and we are actually exploring the potential of using cryptocurrency instrument for settlements in grain buying and selling with the Financial institution of Russia and all events,” RusAg first deputy CEO Irina Zhachkina stated in the discharge.
The Central Financial institution introduced on Might 28 that monetary establishments can supply certified buyers by-product monetary devices, securities and digital monetary belongings with returns pegged to the worth of cryptocurrencies. The important thing situation is that such devices should not contain the precise supply of cryptocurrencies.
