Rostec State Corporation will test digital assets in international trade – Bits Media

The largest Russian technological company will develop a project to integrate cryptocurrencies into cross -border trading to reduce sanctions pressure on exporters and importers.

Managing Director for National Projects of the State Corporation Rostec Anna Sharipova, Speaking at the Conference "Digital Finance: New development paths "on the Eastern Economic Forum, reported, that the corporation is studying the possibility of testing digital assets as a means to pay for import and export. Testing will be carried out as part of the experimental legal regime for electronic trading on the island of Russian.

Now the project launch strategy is energetically studied by Rostec specialists. Companies provide support as market participants, so the local authorities of the Far East, Says Sharipova. According to the top manager, The market is now extremely interested in introducing cryptocurrencies into international trade relations. Suppliers and consumers, which share the boundaries, hope for effective modern calculation systems in conditions of sanctions restrictions, I am sure the managing director.

Russia in the conditions of sanctions of developed countries is moving introduced cryptocurrencies to international trade. Recently Deputy Minister of Finance Alexei Moiseev said, that his ministry and the Bank of Russia studied cryptocurrencies and came to the decision, that you need to legalize international payment transactions in digital assets as soon as possible. A little earlier, Russian Prime Minister Mikhail Mishustin said, that digital financial assets (CFA) can be a safe alternative, which will provide uninterrupted international payments. In July, the director of Rosfinmonitoring Yuri Chikhanchin said, that the agency quite admits the use of cryptocurrencies for calculations with foreign suppliers, However, in Russia, such payments will remain prohibited. Earlier, the director of the Russian export center Veronika Nikishina reported, that the REC has started working on the creation of a “cross -border digital sandbox” for payments in cryptocurrency.