After Russian President Vladimir Putin openly questioned the central bank's suggestion to ban cryptocurrency, the head of the Russian Central Bank, Elvira Nabiullina, suggested considering Bitcoin payments for international settlements.
According to a report from state-run media outlet Kommersant, Elvira Nabiullina, the head of the Russian Federation's Central Bank, recently attended the St. Petersburg Economic Forum (SPIEF), where she commented on Russia's use of bitcoin and other cryptocurrencies for international trade.
"Our position is that cryptocurrency should not be used as a means of calculation within the country... As for use in international settlements, if it does not penetrate the Russian financial system, it is possible," Nabiullina told reporters during the event.
Prior to Nabiullina's remarks, Ksenia Yudaeva, Russia's First Deputy Chairman of the Central Bank, claimed that Russia does not object to the use of bitcoin-like payments "in international transac...