Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could happen in the coming months.
Russian Government Poised to Greenlight International Transactions in Cryptocurrency
Russia may authorize cross-border crypto settlements with the law “On Digital Currency” which was presented by the Ministry of Finance in February of this year and has been supported by the government. Russian lawmakers are expected to review it during the fall session of the State Duma, the lower house of parliament.
Ivan Chebeskov, director of the ministry’s Financial Stability Department, has been quoted as saying that the draft features a provision on international transactions with digital assets. It recognizes cryptocurrency as property that can be used in barter deals. At...
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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...