{"id":490804,"date":"2022-09-06T21:32:26","date_gmt":"2022-09-06T18:32:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russian-govt-working-on-stablecoin-settlement-platform-between-friendly-nations-state-media\/"},"modified":"2022-09-06T21:32:26","modified_gmt":"2022-09-06T18:32:26","slug":"russian-govt-working-on-stablecoin-settlement-platform-between-friendly-nations-state-media","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russian-govt-working-on-stablecoin-settlement-platform-between-friendly-nations-state-media\/","title":{"rendered":"# Russian gov&#8217;t working on stablecoin settlement platform between friendly nations: State media"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2879b9253c5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2879b9253c5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/russian-govt-working-on-stablecoin-settlement-platform-between-friendly-nations-state-media\/#%E2%80%9D_Russian_govt_working_on_stablecoin_settlement_platform_between_friendly_nations_State_media_%E2%80%9C\" >&#8221; Russian gov&#8217;t working on stablecoin settlement platform between friendly nations: State media &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Russian_govt_working_on_stablecoin_settlement_platform_between_friendly_nations_State_media_%E2%80%9C\"><\/span>&#8221; Russian gov&#8217;t working on stablecoin settlement platform between friendly nations: State media &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvMDI2NTlmMGYtOWVlYy00YTIwLWJjOGQtMzQ4NmM0OWI1MjBkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-3511d6da>Russia&#8217;s Finance Ministry has reportedly begun working with the governments of \u201cfriendly\u201d nations to establish a cross-border stablecoin-based payments platform.\u00a0<\/p>\n<p>According to a Tuesday report from Russia state-owned <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> agency TASS, Deputy Finance Minister Alexey Moiseev <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tass.ru\/ekonomika\/15664857\" data-amp=\"https:\/\/tass-ru.cdn.ampproject.org\/c\/s\/tass.ru\/ekonomika\/15664857\/amp\">said<\/a> the government was looking to create the settlement platform to avoid the use of U.S. dollars and euros. The finance minister reportedly said the Russian government would need to impose additional regulations to enact the platform between itself and friendly nations \u2014 possibly including China, Belarus and North Korea.<\/p>\n<p>\u201cWe offer mutually acceptable tokenized instruments that will be used on these platforms, which are essentially clearing platforms that we are currently developing with countries,\u201d said Moiseev. \u201cStablecoins can be pegged to some <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly recognized instrument, for example, gold, the value of which is clear and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>reciable for all parties involved.\u201d<\/p>\n<p>Russia has been the target of severe sanctions imposed by the United States and the European Union following the country\u2019s invasion of Ukraine in February. The EU announced in March it planned to remove many Russian banks from the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, messaging system, and the U.S. Office of Foreign Assets Control added several Russian entities and nationals to its list of Specially Designated Nationals. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>The world has synchronized on Russian crypto sanctions<\/em><\/strong><\/p>\n<p>Amid the war in Ukraine, reports have suggested Russian officials had been exploring using cryptocurrencies to evade the imposed sanctions. In July, President Vladimir Putin signed a bill banning digital assets as payments into law, but the country\u2019s central bank has reportedly considered using crypto\u00a0for cross-border payments. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/russian-gov-working-on-stablecoin-settlement-platform-between-friendly-nations-state-media\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Russian gov&#8217;t working on stablecoin settlement platform between friendly nations: State media &#8220; Russia&#8217;s Finance Ministry has reportedly begun working with the governments of \u201cfriendly\u201d nations to establish a cross-border stablecoin-based payments platform.\u00a0 According to a Tuesday report from Russia state-owned news agency TASS, Deputy Finance Minister Alexey Moiseev said the government was looking&#8230;<\/p>\n","protected":false},"author":1,"featured_media":490805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvMDI2NTlmMGYtOWVlYy00YTIwLWJjOGQtMzQ4NmM0OWI1MjBkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74889,75493,71511,70934,4975],"class_list":["post-490804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-payments","tag-stablecoin","tag-government","tag-regulation","tag-russia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/490804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=490804"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/490804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/490805"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=490804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=490804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=490804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}