Russia’s financial authorities are close to reversing part of their position on crypto by legalizing digital assets for cross-border settlements, according to a report from TASS, a Russian state-owned news agency.
TASS reports that the Ministry of Finance and the Bank of Russia are both acknowledging it is necessary to soon enable cross-border crypto payments.
Explains Alexei Moiseev, the country’s deputy finance minister,
“As for the regulation of the cryptocurrency market, the difference in approaches has remained. But I can say that the Central Bank has also rethought [the approach], taking into account the fact that the situation has changed, and we are rethinking it.
Because the infrastructure that we plan to create is too rigid for the use of cryptocurrencies in cross-border settlements, which, of course, we must, first of all, legalize somehow. On the one hand, give people the opportunity to do it, on the other hand, put it under control so that there is no laundering, paying...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...