Russian Deputy Finance Minister: It is necessary to legalize cross-border payments in cryptocurrency

Chain Catcher News, Russian Deputy Finance Minister Alexey Moiseev stated in an interview with Russia 24 TV channel that the Ministry of Finance and the Central Bank of Russia have reconsidered their approach to cryptocurrencies and believe it is necessary to legalize cross-border settlements of these currencies in the near future.

In addition, the Central Bank has also reevaluated its regulatory approach to the cryptocurrency market. Both the Ministry of Finance and the Central Bank agree that, under current conditions, it is impossible to prohibit cross-border payments in cryptocurrencies, but a regulatory framework still needs to be introduced. (Tacc)