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Author Topic: Russian Ministry of Finance Considers Allowing Cryptocurrency Trading  (Read 5283 times)

Goodcat49

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A representative of the Russian Ministry of Finance (MinFin) says the ministry is considering allowing cryptocurrency trading, Russian news service Interfax reported on June 21.

Per the report, the Deputy Minister of Finance Alexei Moiseyev told journalists on Friday that, while MinFin had reached no final decision, cryptocurrency trading may be allowed in the coming bill on the circulation of cryptocurrencies in the Russian Federation.

A bill prohibiting the use of crypto assets as a means of payment in the Russian Federation passed in May of last year.

Anatoly Aksakov, head of the Duma Financial Market Committee, called the pending decision a compromise and pointed out that the Financial Action Task Force recommended that Russia adopt a bill regulating the circulation of cryptocurrencies by the end of this year.

As Cointelegraph reported earlier this week, the State Duma, Russia's parliament, expects to adopt the country’s major crypto bill “On Digital Financial Assets” (DFA) in the next two weeks.

At the time, Moiseev declared that MinFin has also approved separate legislation for initial coin offerings, which will be a part of Russia’s law on crowdfunding.

Also this week, news broke that the head of the Bank of Russia said that while they are exploring the possibility of launching a central bank digital currency (CBDC), it is not planned for the near future.

https://cointelegraph.com/news/russian-ministry-of-finance-considers-allowing-cryptocurrency-trading


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Senin

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After last year a bill was passed in the first reading, which prohibited the use of cryptocurrency as a means of payment, with such a powerful lobby, it is unlikely that Russia will already abandon its plan to ban free circulation of cryptocurrency. I do not believe that the current Russian government will make such a gift to its citizens. However, let's see, we will soon see what kind of law will be adopted.
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Alcor

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Could the government of Russia be sensible and support the possibility of free circulation of cryptocurrency as a means of payment? I can't even believe it. Not long ago there they thought to allow storage of cryptocurrencies, however, to prohibit its use as a means of payment. It looked somehow absurd. The law should already be passed within a few weeks. Therefore, we will soon see that the citizens of Russia will end up with it.
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abdmuiz

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crypto is still too early to be adopted en masse and regulated by the government but in the future maybe some governments will be involved

 

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