Bank of Russia Says Stablecoins Are Not Suitable for Settlements

Bank of Russia Says Stablecoins Are Not Suitable for Settlements


Bitcoin.com
2022-07-14 06:30:30

The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department would support the development of Russian stablecoins. Russia’s Central Bank Voices Opposition to Stablecoins Unlike the […]