Bank of Russia: We are Opposed to Crypto, But May Consider Gold-Backed Digi-Asset6.6

According to local news publication TASS, the Bank of Russia will consider a gold-backed digital currency for use in international settlements. However, the institution remains opposed to truly decentralised crypto assets.

The world power has reportedly mulled the idea of creating a digital currency before and it is also believed by some that the Venezuelan experiment into crypto with the Petro was a Russian-backed way to study the tech in action.

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