Putin called for the construction of international settlement solutions based on blockchain and digital currencies

BlockBeats reports that on November 27, Putin spoke at an artificial intelligence conference organized by Russia's largest bank, Sberbank. In his speech, he stressed that the flow of money and payments between countries is now under threat amid tensions between Russia and the West. He therefore called for a new international settlement system free of interference from banks and third parties, which could be created using digital currency technology and distributed ledgers. Over the past few months, Russia has been considering comprehensive encryption regulations, and there is growing support for legalizing cross-border encrypted payments. In September, financial authorities in Moscow began developing an international cryptocurrency settlement mechanism. There have been recent reports that Russia and Cuba, both under sanctions, are already discussing the issue.