Despite Russia’s rejection of BTC. This could rethink your position with respect to these virtual currencies and legalize cross -border payment in a not so distant future. According to statements by the Minister of Finance of Russia, Alexei Moiseev, the different authorities of the country are working on allowing international payments with BTC and other cryptocurrencies.
The minister would have offered his statements during an interview given for the Russian television channel, “Russia-24”. Where he affirms that despite the differences of Russia with the crypts, the current conditions make their legalization “inevitable.” “As for the regulation of the cryptocurrency market, the difference between approaches is maintained. But I can say that both the Central Bank and us [Ministerio de Finanzas] We have reconsidered the approach since the situation has changed the infrastructure we plan to create is too rigid for the use of cryptocurrencies in cross -border liquidations. We should first legalize them in some way. On the one hand, allow people to pay with cryptocurrencies. On the other hand, put under control to avoid money laundering, the payment of drugs and others ”.
In addition to this, according to Bein Crypto, the different banks of Russia have had to resort to alternative means to process their international payments. This due to the sanctions imposed on the country Europe and the United States, this due to the Russian war against Ukraine. The minister has also given his opinion regarding allowing cryptocurrency services in Russia. Where they commented on the following “now people open cryptocurrency services outside the Russian Federation. It should be done in Russia, so that they do entities supervised by the Central Bank, which must meet the requirements of the legislation against money laundering, and above all, of course, apply policies to know your client [Know Your Customer, KYC] meet your client. “
Russia will seek to legalize payments with Bitcoins
In addition to the statements that seem to give rise to a new cryptocurrency legislation in Russia as a means of local and international payment, the Minister of Finance has also made a comment about Bitcoin mining and cryptocurrencies where it ensures that both the Central Bank of Russia, and the Ministry of Finance, have advanced to reach an agreement where Bitcoin mining and cryptocurrencies are regularized in the country.
As confirmed, for the next autumn season, a time that corresponds to the months of October and November in Russia, the State Duma will approve a law to regulate mining. For now the only entity that exercises Bitcoin mining in Russia is the Gazprom oil and gas company. Company that has already confirmed that it has several projects underway in this regard.