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. Russia, which started a military operation against Ukraine at the end of February and is on the agenda of the world, 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, it has emerged that a move may come from the country administration about Russia and cryptocurrencies.
Russia may accept cryptocurrencies as a means of payment
According to a report shared yesterday by Russian local news outlet Kommerstant, the Russian Ministry of Finance has announced that has completed a bill addressing cryptocurrency payments. 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, there is a possibility of accepting cryptocurrencies as a legal payment instrument with this bill. 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 cryptocurrency exchange Binance, tweeted last night that “Russia will legalize cryptocurrencies”; but after a while he deleted this tweet.
Finally, in the bill, crypto platforms will go through a ‘rigorous’ process to qualify to operate; It was also stated that after completing this process, he could obtain a license from the Russian authorities.
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