TechFlow news, April 17 — According to Reuters, Osman Kabaloev, Deputy Head of the Financial Policy Department at Russia's Ministry of Finance, said on April 17 that Russia should develop its own stablecoin, possibly pegged to other currencies. The proposal comes after USDT held in digital wallets linked to Russia were frozen last month. Due to Western sanctions, international payments have become difficult for Russia, and USDT had been widely used as a payment tool by Russian businesses before the freeze. Meanwhile, while Elvira Nabiullina, head of the Central Bank of Russia, opposes the domestic use of cryptocurrencies, she expressed support for companies actively testing international cryptocurrency payments.
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