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Eastern Economic Forum

Cryptocurrency creates new opportunities for cross-border payments — Russian official

The Eastern Economic Forum is underway on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024

VLADIVOSTOK, September 4. /TASS/. Cryptocurrency creates new opportunities for cross-border payments, Deputy Chief of Staff of the Presidential Executive Office Maxim Oreshkin told reporters on the sidelines of the Eastern Economic Forum (EEF-2024).

"As you know, a law came into force on September 1 that legalizes the use of cryptocurrency for cross-border payments. This situation creates more space for financial innovation, for the creation of new, more effective methods of mutual payments," he said.

The Eastern Economic Forum (EEF-2024) is underway on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024. The main theme of the EEF in 2024 is "Far East 2030. Combining strengths to create new potential."

The EEF is one of the largest international conferences in Russia. It has been held in the Primorsky Region’s Russky Island in Vladivostok since 2015. The Forum is the initiative of Russian President Vladimir Putin, who decreed that the event be held annually.

The forum's objectives and goals include promoting the accelerated growth of Russia’s Far East region; assessing its potential for exports; expanding international cooperation in the Asia-Pacific Region; showcasing the investment appeal of the region, its steadily progressing territories, and the Vladivostok free port.

The Roscongress Foundation has served as the Forum’s organizer since 2016. TASS is the general information partner of the EEF.

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Eastern Economic Forum

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IN BRIEF: What Putin said about Russia’s new missile, and Moscow’s response to the West

Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia