Russian Central Bank to Consider Gold-Backed Cryptocurrency
Russia’s central bank will consider the use of a gold-backed cryptocurrency to facilitate international settlements. Elvira Nabiullina, governor of the Bank of Russia, said that her institution is to review a proposal for the development of the cryptocurrency. “As for mutual settlements, we will consider the proposal on … a gold-backed cryptocurrency. It is more important to develop settlements in national currencies.” The nation has softened its stance somewhat in more years, with moves to legislate around cryptocurrency starting in 2017. A digital assets bill could be passed this current session of the Duma.
AT&T Teams With BitPay to Accept Bill Payments in Crypto
AT&T’s Death Star logo may have really been a moon after all, announcing that it will accept bill payments in the form of crypto by way of BitPay. The company noted in a statement that its customers use cryptocurrency and that the new offering is intended to give them their preferable option. “We’re always looking for ways to improve and expand our services,” said Kevin McDorman, vice president at AT&T. “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”