... currencies are mostly limited to single nations or economic regions. For some consumers who have a large enough domestic market to choose from, this might not be an issue. However, for those that must shop across borders, having to exchange various national currencies leads to higher fees on payment processing. In contrast, **cryptocurrencies can be used globally by online retailers without ha...

...mmittee on payment and market systems. Elvira Nabiullina stated: *"As for mutual settlements, we will consider, of course, your proposal on what cryptocurrency is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies"* THE FUTURE OF CRYPTOCURRENCY IN THE COUNTRY IS STILL UNCERTAIN At the same time, Nabiullina reaffirms the bank’s positio...