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Russia Likely to Legalize Cryptocurrency for International Trade

Russia may legalize the use of cryptocurrency for international trade, according to the Deputy Minister of Finance.

In an interview with Russia-24, Deputy Minister of Finance Aleksey Moiseev said that the Ministry of Finance and the Central Bank agreed that “it is impossible to do without cross-border settlements in cryptocurrency.”

“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.” The Deputy Finance Minister also spoke about creating a regulatory framework that prevented drug dealers and money launderers from using cryptocurrency.

“Now people open crypto wallets outside the Russian Federation. It is necessary that this can be done in Russia, that this is done by entities supervised by the Central Bank, which are required to comply with the requirements of anti-money laundering legislation, and first of all, of course, to know their client,” the deputy minister explained.

Curious talk of regulatory frameworks and the need to prevent criminals from using cryptocurrency, given that Russia’s use of cryptocurrency for international trade will likely also be “illegal.” Maybe if the GAE/West just sanctions Russia harder

TASS link is behind a captcha. Cannot archive it.

Минфин заявил о возможной скорой легализации трансграничных расчетов в криптовалютах |

A picture of BRIC?


It's Called We Engage In A Mild Amount of Tomfoolery
c4fc5490 Mon, Sep 5, 2022

international crime is a lucrative business, a good country cannot be bothered with all those reviewable transactions. Russia is really not backing down with their blitzkrieg

e9c9d210 Mon, Sep 5, 2022

Now if you were going to switch up some cured coins for monero, how would you do that? Call a Russian bank and setup an account ?

166bb590 Mon, Sep 5, 2022

Well I mean look at Hydra they came back online 3 months later and only accept Monero.
The governments running the show why the puppets sitting in prison.

0c87f130 Mon, Sep 5, 2022

when i hang them 3z i feel fine

ec5863d0 Mon, Sep 5, 2022

Do yours like I did mine then, I posted a fucking guide, a gateway if you w3ll

12953fe0 Mon, Sep 5, 2022

So if some buyer got some prepaid details on paxful,loc@l,agora they could open an AWS account

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