A representative of the Russian Ministry of Finance (MinFin) says the ministry is considering allowing cryptocurrency trading, Russian news service Interfax reported on June 21.
Per the report, the Deputy Minister of Finance Alexei Moiseyev
told journalists on Friday that, while MinFin had reached no final
decision, cryptocurrency trading may be allowed in the coming bill on
the circulation of cryptocurrencies in the Russian Federation.
A bill prohibiting the use of crypto assets as a means of payment in the Russian Federation passed in May of last year.
Anatoly
Aksakov, head of the Duma Financial Market Committee, called the
pending decision a compromise and pointed out that the Financial Action
Task Force recommended that Russia adopt a bill regulating the
circulation of cryptocurrencies by the end of this year.
As Cointelegraph reported
earlier this week, the State Duma, Russia's parliament, expects to
adopt the country’s major crypto bill “On Digital Financial Assets”
(DFA) in the next two weeks.
At the time, Moiseev declared that
MinFin has also approved separate legislation for initial coin
offerings, which will be a part of Russia’s law on crowdfunding.
Also this week, news broke that the head of the Bank
of Russia said that while they are exploring the possibility of
launching a central bank digital currency (CBDC), it is not planned for
the near future.
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