The Russian Foreign Minister Sergei Lavrov has underlined Moscow’s intention to do away with the USD – and has suggested that crypto could play a part in ousting the greenback in trade deals.
Lavrov’s comments could give real hope to those hoping crypto will find use-cases in international settlement deals.
According to the news agency Tass, Lavrov stated:
“I think the time will inevitably come when cryptocurrencies will play a very significant role [in trade and finance], and occupy a very significant segment of the international settlements sector.”
Lavrov did not specify whether he was referring to cryptoassets like bitcoin (BTC), big business-backed stablecoins or central bank digital currencies (CBDCs). On occasion, government officials have called CBDCs “cryptocurrencies.”
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