The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transacti...
Tag: crossborder
BIS Announces Successful Completion Of CBDC For Cross-border Transactions
The world is gradually heading towards a cashless society such as CBDC making cash payments obsolete. When this happens, fiat currencies might no more be in use. So central banks are aggressively laun...
BIS concludes CBDC pilot with cross-border payments totalling $22M transacted
A pilot project involving four Asian central bank digital currencies (CBDC) involving real-value transactions was completed on Sept. 23, according to a LinkedIn post by Bank for International Settleme...
Russian officials could approve cross-border settlements in crypto: Reports
Russia’s finance ministry and central bank reportedly have agreed on a bill to allow cross-border settlements in crypto, reversing the Bank of Russia’s previous opposition. The bill could give R...
Is Russia set to approve cross-border crypto transactions
Russia’s Ministry of Finance and the Bank of Russia have agreed on a bill that will allow Russian citizens to engage in cross-border transactions using cryptocurrencies. About the proposal Russian me...
Central Bank Of Russia Approves Bitcoin, Ethereum, Others, For Cross-Border Payments
Russia has been leaning towards cryptocurrencies such as Bitcoin and Ethereum in recent times. Sanctions against the country since it began its evasion of Ukraine had piled up, and the government had ...
Russian Government Officials Reach Agreement To Legalize Crypto for Cross-Border Settlements: Report
Russia is reportedly legalizing digital assets for cross-border settlements under a new agreement struck by the country’s top financial authorities. According to a report by Russia-based publication K...
Russia to Accept Crypto For Cross-Border Payments
Russian government officials finally made their first move to legalize cryptocurrency, and it works for everyone. Russia-based news outlet Kommersant reported on Thursday that the country’s Deputy Fin...
Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says – Bitcoin News
Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctio...
Russia aims to set rules for crypto cross-border payments by year’s end
Russian Prime Minister Mikhail Mishustin on Tuesday officially instructed the government to come to a consensus regarding crypto regulation in Russia by Dec. 19, 2022. The prime minister specifically ...
After failing to conquer cross-border payments, Jed McCaleb sets his sights on space
Jed McCaleb, the billionaire crypto entrepreneur known for feuding with co-founders at Ripple Labs, has decided to get into the space station business with a company called Vast. The International Spa...
Russia’s Central Bank Legalize Crypto for Cross-Border Payments
The Bank of Russia reportedly accepts the allowance of X-border payments in crypto. The reason for this acceptance is the current geopolitical conditions. The Ministry of Finance and the Central Bank ...
Ripple ODL Partner To Facilitate Cross-Border Remittances from Canada to Mexico in New Partnership
– Advertisement – Ripple’s ODL solution has been tapped for cross-border settlements from Canada to Mexico. Ripple On-Demand Liquidity (ODL) cryptocurrency exchange Bitso has partnered ...
Russia Collaborates With Other Countries to Setup Stablecoin Cross-border Clearing Platform
Russia is working with several countries to establish clearing platforms for cross-border settlements of stablecoins, Deputy Finance Minister Alexei Moiseev said on Tuesday, according to the state-bac...
Russia considering cross-border stablecoin payments
Russia has begun work on creating platforms for cross-border stablecoin settlements, according to Russia’s Deputy Finance Minister. The new platform for cross-border stablecoin payments The real news,...
Russia Working With Several Friendly Nations on Cross-Border Settlements in Stablecoins
Russia is working with several friendly unnamed nations to develop bilateral platforms for cross-border settlements in stablecoins, according to a report by Russian media TASS, citing a statement from...
Russia Seeks To Use Stablecoins For Cross-Border Settlements
According to reports, Russia’s Finance Ministry has started collaborating with “friendly” governments to create a cross-border stablecoin-based payments platform. Russia To Turn To Stablecoins Accordi...
Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached – Finance Bitcoin News
Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decisio...
Russia to settle cross-border payments using stablecoins
Deputy Finance Minister Alexey Moiseyev has confirmed that Russia is working with crypto-friendly countries to facilitate cross-border payments using stablecoins as sanctions from U.S and U.K. mount, ...
Russia to Explore Cross-Border Stablecoin Settlements
Key Takeaways Russia has indicated that it is exploring stablecoins in the context of international settlements. The stablecoins in question are for use on bilateral platforms and are tied to commodit...
Russia Set to Legalize Crypto for Cross-Border Payments – crypto.news
The Bank of Russia, the nation’s central bank, and the Russian Ministry of Finance are seriously considering a reversal of their stance on the use of crypto for cross-border payments given the unfavor...
Russia To Legalize Crypto For Cross-Border Settlements ⋆ ZyCrypto
Advertisement     Russia’s famed antagonism towards cryptocurrencies is slowly fading away as the transcontinental country appears to be softening its legislative appr...
Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments
The current economic landscape in Russia is forcing both the Central Bank and the Ministry of Finance to rethink their approaches to cryptocurrencies. According to the State-backed TASS News Agency, ...
Russia sees crypto as safe alternative for cross-border payments
Russian Prime Minister Mikhail Mishustin recently declared that digital assets were a “safe alternative” for cross-border payments. Prime Minister Mishustin stated that digital assets could ensure tha...
Just In: Ripple Payment Solution To Provide Low Cost Cross-border Settlements From Japan to Philippines
– Advertisement – Coins.ph and OK Remit Tap Ripple Payment Solution for Cross-border Settlements From Japan to the Philippines. Ripple Payment Solutions bags yet another adoption for cross...
Taro Wants To Abolish Cross-Border Payments, Disrupt The Market
Have you heard about Taro? It’s an improvement proposal for the Lightning Network that Lightning Labs introduced in April. “Taro makes Bitcoin and Lightning multi-asset networks,” the company claims i...
Iran Dabbles In Crypto For Cross-Border Trade, In Effort To Bypass Sanctions
Crypto-currency coins including Bitcoin, Ethereum, Dogecoin and Cardano, getty Iran has begun using crypto-currencies to settle cross-border trade deals, as the country continues to look for ways to a...
Users Can Now Convert Ripple (XRP) to Mexican Pesos For Cross-Border Settlements
– Advertisement – Everest Partners Bitso to Facilitate Cross-Border Settlement from Ripple (XRP) to Mexican Pesos. ? We’re excited to partner with @Bitso, the largest #crypto excha...
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible – Finance Bitcoin News
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new...
ECB: Bitcoin Is Least Credible for Cross-border Payments
The ECB noted that CBDCs provide a more credible alternative compared to unbacked digital assets. Research published by the European Central Bank (ECB) has concluded that Bitcoin is the least credible...