Now different countries or governments are working on the crypto, considering to meet the future demands of the future. Creating laws and regulations to channelize the crypto payment system. Some countries considering to launch their own cryptocurrency. Whereas BRICS Council that include Russia, China and Other countries planning to launch a combined cryptocurrency. Russian President is willing to launch combined cryptocurrency.
According to a member of the BRICS Business Council "An efficient BRICS payment system can encourage payments in national currencies and ensure sustainable payments and investments among our countries, which make up over 20% of the global inflow of foreign direct investment,".
Not only Russia or BRICS planning to launch this type of currency. Germany is also working on Combined Digital Euro “The user of a digital euro - whether man or machine – must be clearly identifiable. This requires a European or, better still, a global identity standard. With every form of digital money, customers should be identified using a standard that is just as strict as that which banks and other obligated entities are required to apply under current legal framework pursuing the combat against money laundering and terrorist financing.”
Sources
https://u.today/crypto-for-mutual-payments-discussed-by-russia-china-and-other-brics-countries
