Russia's Siluanov Backs Global Regulation of Digital Currency Settlements
- —Siluanov said Russia backs global monitoring of digital currency settlements
- —Russia is expanding the use of digital financial assets and stablecoins in foreign trade
- —The topic was raised at the meeting of finance ministers and central bank governors during the IMF and World Bank session
- —Global monitoring would make digital currency transactions more transparent but require more data disclosure
Why it matters: Common rules would cut legal uncertainty for stablecoin settlements but tighten oversight of every transaction.
Source: BeInCrypto RU