Russian government officials reach agreement to legalize cryptocurrencies for cross-border transactions
Russia is reportedly legalizing digital assets for cross-border transactions under a new agreement made by the country's top financial authorities.
According to a report in the Russian magazine Kommersant, Russian Deputy Finance Minister Alexei Moiseev said that the Ministry of Finance and the Central Bank had agreed on the new policy.
Moiseev said in the report,
"In general, it describes how to buy cryptocurrencies, what can be done with them, and how they may or may not settle in the first place in cross-border transactions."
Moiseev earlier said that the country will move in this direction while ensuring control measures are taken to prevent money laundering and illegal drug trade.
“Because the infrastructure we plan to create is too rigid for the use of cryptocurrencies in cross-border transactions, of course we need to somehow legalize it in the first place. On the one hand, giving everyone the opportunity to implement, on the other hand, strict control so that there is no washing, drug payment, etc.
He said that it is necessary to give everyone in Russia the opportunity to open a crypto wallet.
“Now people open crypto wallets outside the Russian Federation. It is necessary that this can be done in Russia, this is done by institutions supervised by the Central Bank, which are obliged to comply with the requirements of anti-money laundering laws and, first of all, all However, must know their customers. . . "
Sep 24, 2022