It was stated that Russia will complete the necessary regulations for the use of cryptocurrencies in international trade by 2023.
Recently, Deputy Minister of Finance of Russia Aleksey Moiseyev stated that it is an obligation for Russia to make international payments with cryptocurrencies under the current conditions. However, there were differences of opinion between the Ministry of Finance and the Central Bank.
While the topic remains hot, yesterday Russian Prime Minister Mikhail Mishustin officially instructed the government to reach consensus on crypto regulation in Russia by December 19, 2022. Later in the day, Ivan Chebeskov, Director of the Financial Stability Department of the Ministry of Finance, made a statement to support the use of cryptocurrencies.
Russia Accelerates Cryptocurrency Studies
Ivan Chebeskov, director of the financial stability department of the Ministry of Finance, informed Russian news agency Izvestia about the possibility of starting cross-border trades using cryptocurrencies as early as 2023. Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, also confirmed the situation.
The Central Bank noted that there was no mention of legalizing cryptocurrency as a means of payment in the Russian Federation, as well as allowing crypto exchanges and crypto exchanges within the country. At the same time, it was reported that the Ministry of Finance and the Central Ministry started joint studies with the instruction of Russian Prime Minister Mikhail Mishustin.
Statements from the Duma and other government authorities confirm the development of a coordinated policy for the issuance of digital currencies within the country and a complete legislation for cross-border crypto transactions.
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