The Ministry of Finance and the Central Bank as a whole agreed on a draft law on cross-border settlements in cryptocurrency

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    from TASS:

    The document “as a whole writes out how you can buy cryptocurrency, what you can do with it, and how you can or cannot make cross-border payments,” said Alexei Moiseev, Deputy Minister of Finance.

    KAZAN, September 22. /TASS/. The Ministry of Finance and the Bank of Russia as a whole agreed on a bill regulating cross-border payments in cryptocurrency.

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    This was stated by the Deputy Minister of Finance of the Russian Federation Alexei Moiseev in the framework of the forum “Banks of Russia XXI century”.

    “We believe that our basic backbone is settlements in national currencies, but, nevertheless, settlements in cryptocurrency will be appropriate somewhere. And here we immediately agreed with the Central Bank, they also consider this acceptable. “, the draft law was agreed in this part. It basically writes out how you can buy cryptocurrency, what you can do with it, and how it is possible or not to carry out cross-border settlements,” he said.

    Moiseev previously reported that the Ministry of Finance and the Central Bank agreed that in the current conditions “it is impossible to do without cross-border settlements in cryptocurrency.”

    The deputy minister explained that the essence of the ministry’s proposal is that people have crypto wallets similar to those that are now being opened on the Internet. At the same time, control is necessary so that there is no laundering, payment for drugs, and so on.

    The Bank of Russia also confirmed discussions on the legalization of cross-border payments. At the same time, the regulator opposes the legalization of crypto-exchanges, exchangers and payments in cryptocurrency within Russia.

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