Russia May Accept Cryptocurrencies as Payment Means

According to Kommerstant, a Russian news outlet, the Russian administration is working on a bill that could allow cryptocurrencies to be accepted as legal tender.

Every day we are faced with new news about cryptocurrencies. This causes these currencies, which are thought to be very common in the future, to be on the agenda in many areas. At the end of February, it started a military operation against Ukraine and was on the agenda of the world. Russia It is one of the countries that has come to the fore in crypto money recently.

Last week, we shared with you that the European Union (EU) made a move to prevent Russia from circumventing the sanctions using cryptocurrencies. Authorities had announced that they would ban EU-based high-value crypto money services in Russia to curb this risk. Now Russia and cryptocurrencies It turned out that there might be a move from the country administration about it.

Russia may accept cryptocurrencies as means of payment

According to a report shared yesterday by Kommerstant, a local news organization in Russia, the Russian Ministry of Finance cryptocurrency payments Completed a bill dealing with It was also mentioned that the bill could give investors clear ideas about digital assets and digital mining. It was also stated that issues such as the legal circulation, trade and classification of cryptocurrencies were also included in the bill.

According to the news of Kommerstant, cryptocurrencies with this bill as legal tender likely to be accepted. Emphasizing the information obtained from the draft law, the news organization stated that digital currencies that do not belong to the Russian Federation will be accepted as a payment method and investment tool. In addition, Changpeng Zhao, CEO of the world’s largest crypto exchange Binance, said last night.Russia will legalize cryptocurrencies” he tweeted; but after a while he deleted this tweet.

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Finally, the bill states that crypto platforms will go through a ‘rigorous’ process to qualify to operate; from the Russian authorities after completing this process. licence It was also reported that he could receive it.

Source :
https://bitcoinist.com/russia-legalize-crypto-payments-proposal-concerns/


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