A Russian state official said that digital assets could replace fiat currencies in international payments.
Anatoly Aksakov, Chairman of the Financial Markets Committee of the State Duma of Russia, recently addressed international digital payments.
He expressed clear support for the use of digital currencies in such financial transactions, stating that it would be more suitable, practical, and cost-effective than using fiat currencies like the Ruble.
Aksakov also acknowledged the current use of digital assets and cryptocurrencies in international payments, arguing that they should be monitored and regulated by governments.
Russian President Vladimir Putin recently approved a law regulating the use of digital financial assets for such payments. Aksakov, referring to this law, emphasized that regulation efforts are ongoing:
I know that several organizations are currently preparing mechanisms to implement the decisions that have been made.
