Russian Finance Minister Anton Siluanov at the plenary session of the IX International Forum of the Financial University “New Economic Policy 2.0: from adaptation to a breakthrough”, said , that settlements in digital financial assets (DFA) and stablecoins will soon replace conventional payments.
In his opinion, operations in tokenized assets will replace traditional methods of international settlements in the future due to their low cost, speed and reliability. External restrictions only contribute to the acceleration of this process, the head of the financial department noted.
He stressed that digital financial assets will definitely develop, and it is also necessary to use the resources of banking institutions, including those from countries that do not want to work with Russia.
Anton Siluanov noted that he meant digital assets backed by any currency or corresponding assets, both digital financial assets and stablecoins and other similar tokens.
The listed financial instruments are more suitable for international settlements than kriptovalyuta , since it is not yet possible to work through it in large foreign economic transactions, the Minister of Finance added.
The official also reported that this topic had already been discussed by representatives of countries that are part of the BRICS economic bloc.
