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Russia Close to Approving Cross-Border Crypto Payments: TASS

Sept. 22, 2022, 2:25 PM

Russia’s Finance Ministry and central bank have agreed in principle on draft legislation, which would allow cross-border payments in cryptocurrencies, TASS reported, citing Deputy Finance Minister Aleksey Moiseev.

  • While Russia aims to focus on settlements in national currencies, payments in cryptocurrencies may be appropriate in certain areas, Moiseev said at a banking forum, according to TASS
  • The draft legislation outlines general rules for purchasing cryptocurriences, permitted transactions and procedures for cross-border payments, he said

To contact Bloomberg News staff for this story:
Greg Sullivan in Budapest at gsullivan32@bloomberg.net

To contact the editor responsible for this story:
Greg Sullivan ...