blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Putin Urges for Blockchain-based International Settlements

Umair Younas by Umair Younas
November 27, 2022 - 3:36 pm
in adoption news, blockchain news
0
SWIFT Russia Blockchain
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Vladimir Putin, the President of Russia, thinks that international financial transactions need a whole new system so that people don’t have to depend so much on central banks and other third parties. He is sure that international transactions will become much easier in the future when digital money and technologies based on distributed ledgers are used.

Current System Threatens International Financial Flows and Payments, Putin Says

Vladimir Putin, the President of Russia, has called for a completely new system for international transactions, one that banks and other third parties can’t control. Local news outlets said that the Russian leader said it could be done with the help of technologies like digital money and distributed ledgers. Putin spoke at a conference on artificial intelligence that was put on by Sberbank, which is the biggest bank in Russia. During his speech, he talked about how the current state of affairs, marked by tense relations with Russia and the West, threatens the flow of money and payments between countries.

Putin asserts that everyone is fully aware that one of the channels of assault under today’s unlawful limitations is through settlements. And financial institutions understand this better than anybody else since they are constantly exposed to these activities.

Vladimir Putin is talking about the sanctions that have been put on Russia because it invaded neighbouring Ukraine. These sanctions have made it hard for the Russian Federation to access money and markets worldwide. According to the Prime News Agency, he also said that today’s international payment system is expensive because it is run by a small group of governments and financial companies that control correspondent accounts and rules.

The Russian leader said the present international payments system is costly and controlled by a restricted club of governments and financial entities. In short, they are the lords of life, controlling everything monopolistically.

Russia is Considering Comprehensive Crypto Laws and Legalising Cross-Border Crypto Payments

Based on digital currency and public blockchain technologies, it is possible to create a new structure for international transactions that is much simpler but also totally safe for users and independent of banks and third-country interference. In recent months, Russia has been considering complete crypto rules, with increased support for the legality of cross-border cryptocurrency payments. Moscow’s banking authorities began building a framework for foreign cryptocurrency settlements in September. According to a recent report, Cuba and Russia, both of whom are sanctioned, are already debating the issue.

Tags: AdoptionBitcoinBlockchainCryptocurrency
ShareTweet
Umair Younas

Umair Younas

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Recommended For You

Justin Sun Says His KPI for Current Year Is to Make TRX Adopted by 5 Countries as Their Legal Tender

by Umair Younas
January 29, 2023 - 10:41 am
0
Tron TRX

Justin Sun labelled this objective as ambitious. Nonetheless, he noted that dedication and hard work can play a significant role in achieving his goal.

Read more

Kapital DAO and Rainmaker Games Team Up to Boost Web3 Gaming

by Ifeanyi Egede
January 27, 2023 - 10:06 am
0
kapitaldao rainmaker

Kapital DAO partners with Rainmaker Games, a leading blockchain games discovery platform, to explore ecosystem growth.

Read more

Argo Lawsuit Development: Johnson Fistel Requests Information from Shareholders

by Kester Odero
January 27, 2023 - 9:15 am
0
Argo Blockchain

As per Johnson Fistel, LLP, Argo Blockchain plc investors filed a class action case targeting investors who have been linked with fraudulent acts.

Read more

Astar Network Collaborates with Equilibrium to Initiate Latest HRMP Channels

by Umair Younas
January 27, 2023 - 6:00 am
0
Astar Network

Astar network asserted that it is a crucial point to create the upcoming generation of exclusive dApps and take the Web3 world to new heights.

Read more

ZenGo Leads the Way as the First Non-Custodial Wallet on Polygon with No Seed Phrase Risks

by Mushu Butt
January 25, 2023 - 2:10 pm
0
Zengo

ZenGo has become the first non-custodial wallet on Polygon with no seed phrase vulnerability, offering users secure self-custody of digital assets.

Read more
Next Post
MANA Price Prediction $100

MANA Price Prediction $100 In 2022-2030: Will Decentraland Rise to $100?

PARTNERS LIST

PRESS RELEASE

China’s “Instagram” chooses Conflux Network for permissionless blockchain integration

by chainwire
January 25, 2023 - 8:42 am
0

Toronto, Canada, 24th January, 2023, ChainwireLittle Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain...

snowfall protocol

Snowfall Protocol (SNW) Takes the Spotlight as Waves (WAVES) Founder Unveils New ‘Undepeggable’ Stablecoin and Ripple’s (XRP) New Commercial Released

by Max Clark
January 25, 2023 - 7:02 am
0

The cryptocurrency market has seen its fair share of ups and downs, but one project that seems to be gaining...

Snowfall

Binance (BNB) Will Back Terra Classic’s Upgrade, Cardano (ADA) Introduces Custom-built Sidechains, Snowfall Protocol (SNW) to Have its Grand Launch Soon

by Wayne Jones
January 24, 2023 - 4:53 am
0

While the former two are in the headlines due to recent changes in their ecosystem, Snowfall Protocol (SNW) is all...

Snowfall Protocol

Terra Classic (LUNC) and Polygon (MATIC) Shows Instability Signs, While Snowfall Protocol (SNW) Presale Raises $4M

by Max Clark
January 23, 2023 - 12:00 pm
0

This article will critically examine why Snowfall Protocol (SNW) is gaining ground and why Polygon and Luna Classic's (LUNC) price...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.