Cross-border crypto payments approved in Russia

Cross-border crypto payments approved in Russia


Deputy Finance Minister Alexei Moiseev said the Bank of Russia and the country’s Ministry of Finance have agreed on a bill allowing cross-border settlements in cryptocurrency.

"The bill generally describes how to acquire cryptocurrency, what can be done with it, and how it can or cannot be settled with it in the first place in cross-border settlements," Moiseev said.

The official added that the proposed policy change is aimed at providing Russian citizens with access to digital wallets.

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