Anton Silvanov announced the launch of a new payment system based on cryptocurrencies!
Russian Finance Minister Anton Silvanov announced the creation of a new payment system based on cryptocurrencies. This system is designed for cross-border money transfers. The other cannot intervene and stop such payments. This international payment system, which uses the world’s latest technologies, was launched in order to reduce the sanctions of the United States of America.
Now that Russia is involved in a war with Ukraine, more economic sanctions have been imposed on Russia by the United States, therefore Anton Silvanov and the Russian government have demanded the removal and devaluing of the American dollar and are trying to create a national cryptocurrency. The same Russian ruble will reduce the infrastructure of Western payments.
The launch of a new payment system with cryptocurrencies and no restrictions will enable faster and more efficient cross-border transactions without the need for intermediaries such as banks. It would also provide greater financial independence for Russia and its allies, who are also seeking to reduce their reliance on the US-dominated global financial system. However, the launch of the new payment system could face regulatory hurdles, particularly from the United States, which has cracked down on the use of cryptocurrencies for illegal purposes.
According to recent reports, Vladin Putin will unveil the Russian crypto ruble in 2023. The Russian government, with the support of Vladimir Putin (the president of the Russian government), is introducing and offering a digital currency for Russia that is fully supervised, controlled and managed. It is the government of this country and it cannot be withdrawn or mined like other digital currencies such as Bitcoin.
This digital currency is most likely called CryptoRuble.
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