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Russia's Finance Ministry and Central Bank agree to legalize cryptocurrency in foreign trade

Summary: According to reports from Russian media, the Russian Finance Ministry and the Central Bank of the Russian Federation have reached an agreement to allow the use of cryptocurrency for payments in foreign trade. Finance Minister Anton Siluanov announced this decision, stating that the sector should be legalized and regulated. Siluanov emphasized the importance of using ...

According to reports from Russian media, the Russian Finance Ministry and the Central Bank of the Russian Federation have reached an agreement to allow the use of cryptocurrency for payments in foreign trade. Finance Minister Anton Siluanov announced this decision, stating that the sector should be legalized and regulated. Siluanov emphasized the importance of using cryptocurrency for settlements, as it can not only be used for payments but also for transferring currency abroad. Therefore, with the legalization of this market, strengthening the control functions of regulatory agencies will be crucial.

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