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The Central Bank Of Russia Allowed The Use Of Cryptocurrencies In Foreign Trade

The Central Bank Of Russia Allowed The Use Of Cryptocurrencies In Foreign Trade

The Central Bank of Russia continues to oppose the legalization of cryptocurrency, but is ready to make some concessions. In particular, the use of cryptocurrencies outside the country and in foreign trade is allowed. This was confirmed by the first deputy chairman of the Central Bank of Russia Ksenia Yudaeva ,  Kommersant reports .

“We maintain our position that the active use of cryptocurrencies within the country, especially in the financial system of the Russian Federation, creates great risks for citizens and users. We believe that in our country they can be quite large. In principle, we do not object to the use of cryptocurrencies in international transactions and international financial infrastructure.”

In February, the head of the Ministry of Finance of the Russian Federation  , Anton Siluanov  , spoke out that it was not worth banning mining, and his department was working on legalizing this market. However, the Central Bank of Russia does not agree with the Ministry of Finance and believes that a ban on the use of cryptocurrency should be introduced in the country.

Also, the Ministry of Finance of Russia has prepared a bill on the regulation of cryptocurrencies. The document contains a list of requirements for those wishing to work with cryptocurrencies and options for their legalization.

 

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