China’s Yuan is Used in Russia’s Largest Digital Asset Transaction.

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The first transaction involving digital financial assets denominated in foreign fiat was completed by a licensed firm in Russia. In the transaction, DFAs worth 58 million Chinese yuan (approximately $62 million) were issued.

$516,000,000 (equivalent to $8.26 million) in commercial debt. Moscow officials now want to legalize cryptocurrency payments in international transactions and increase the use of the rubble and other national currencies of trading partners like China.

Moneycentral.

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