Russia plans to pass legislation on the use of crypto in international payments by the end of the year.
Prime Minister of Russia Michael Mishustin September 13 in his statement on to 19 December 2022 on cryptocurrency regulations in Russia to the consensus instructed to arrive. The Prime Minister especially invites the Duma and other state officials in Russia. issuance and circulation of digital assets about regulating coordinated policies called to find it. Moreover cryptocurrency mining and cross-border transactions with digital assets He also asked for the regulations to be completed.
Last week, Deputy Finance Minister Alexei Moiseev statement made by of the Central Bank of Russia with the Ministry of Finance cross-border payments announced that it had agreed on the use of digital assets for
Although the Central Bank of Russia allows cross-border transactions local cryptocurrency exchanges and legalization of digital assets as local means of payment still opposed. Experts say that Russia is not a problem in the face of SWIFT sanctions, rather than the integration of digital assets into the local economy. alternative He claims he’s trying to create.
Cryptocurrency in the country use as a means of payment forbidden but activities such as cryptocurrency trading, mining also, although no crypto trading platform has yet been approved by the government Binance activities of foreign exchanges such as allowed.