Russia has been discussing the use of cryptocurrencies in international payments for some time to circumvent the sanctions imposed after the Ukraine invasion. According to the information conveyed by the sources, the talks have come to an end.
Russia to Use Cryptocurrency for International Trade Payments
According to the information provided by people with knowledge on the subject, the Ministry of Finance of Russia and the Central Bank of Russia are responsible for international trade payments. cryptocurrency Agreed on a bill that would allow the use of According to the statement made by the sources, before the consensus in question Russia The Central Bank was taking a tough stance preventing crypto in this regard.
The bill would allow Russian citizens to access their crypto wallets and use cryptocurrencies, under the supervision of the central bank, to ensure compliance with anti-money laundering legislation and to ensure that crypto is not used for illegal transactions. Russia’s latest move was voiced by Russian Deputy Finance Minister Alexsey Moiseev in a statement to the state news agency RIA Novasti. Finally, Russia’s new move comes after Moiseev said earlier this month that the rules governing crypto are “too strict”.