Russian federation has planned to establish two crypto currency exchanges with their headquarters in Moscow and St. Petersburg to enhance foreign economic activity.
The exchanges aimed at bypassing United States sanctions on Russia will focus on creating stablecoins tied to the Chinese yuan and BRICS currency basket.
The crypto exchange initiative is designed to provide a new platform for digital transactions.
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However, experts have expressed concerns over the potential limitations and risks associated with the project, particularly in light of international sanctions.
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