Russia is creating a special committee that will carry out the necessary procedures for the use of crypto internationally.
Recently, the Governor of the Central Bank of Russia, Elvira Nabiullina, gave the green light to foreign payments and the use of crypto in the international arena. According to Uralpolit, Russia will create a special committee on the use of cryptocurrencies internationally.
Russia Focuses on Cryptocurrencies Internationally
Russia, which has previously progressed with experimental studies in this field, is determined to take its studies one step further. Russia will hand over the use of cryptocurrencies in the international arena to the special committee it will form. The committee will be responsible for the necessary permissions and usage patterns.
The country’s approach to cryptocurrencies in the foreign economy is prominent as part of various plans taken by the country’s government. With this move, it is aimed to perform faster and easier transactions.
Despite all these processes, the government does not like people in the country to turn to digital assets. Deputy Finance Minister Alexei Moiseev did not recommend that Russians invest in cryptocurrencies. According to Moiseev, crypto investments pose a risk to Russians.
While the legislative changes regarding the use of cryptocurrencies in the international arena are discussed within the government, the building blocks of the newly formed committee are also determined.
The special committee will include experts from the Central Bank and law enforcement. A special legal regime will also be introduced for experimental use.
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