Russian Ministry of Finance Will Allow Cryptocurrency Trading
As per the recent news, the Russian Ministry of Finance confirms that the ministry will soon allow the Cryptocurrency Trade, reported on 21st of June.
As for now, the Deputy Minister of finance Alexei Moiseyev addressed the Journalist on Friday, that as MinFin has not reached the final conclusion regarding the trade.
Hence the Cryptocurrency trade may be allowed soon with the coming bill, but as for now, it’s in circulation with the Russian Federation. It’s shocking that last year a bill was passed in the Russian Federation that prohibited Crypto assets as a means of payment.
Anatoly Aksakov, head at Duma Financial Market Committee, addressed this as a pending decision and pointed it toward the Financial Task Force that recommended the federation to regulate the circulation of Cryptocurrency by this year-end.
As per the earlier reporting, Russia’s parliament is expecting to adopt this major Crypto bill “On Digital Financial Assets“(DFA) in the upcoming two months.
In the meantime, Moiseev also declared that MinFin has also approved separate legislation on Initial coin offering and this will be a part of Russian crowdfunding.
Recently sudden news broke that the head of Bank of Russia is exploring the possibility of launching a Central Bank Digital Currency (CBDC) luckily not in the near future.
