Siluanov

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BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages

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The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able to deliver financial messages. BRICS Proposed Payment System Might Use Digital Assets as Currencies … Read more

Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

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It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of … Read more