Russian Prime Minister: It Is Necessary to Adopt Digital Assets as a "Safe Alternative" to Cross-Border Payments

The adoption of digital assets is necessary as a “safe alternative” for cross-border payments, Russian Prime Minister Mikhail Mishustin declared at a strategic session on the development of the domestic financial system on Tuesday. He added that digital assets provide a good opportunity to ensure uninterrupted payments for imports and exports. Previously, Ivan Chebeskov, head of the Financial Policy Division within Russia’s Finance Ministry, said that the authority was considering the possibility of incorporating crypto payments. "The idea of using digital currencies in transactions for international settlements is being actively discussed," he said at the time.