Bank of Russia claims it’s impossible to use cryptocurrencies to circumvent Western sanctions.
The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions.Bank of Russia considers it impossible to use cryptocurrencies to circumvent financial restrictions imposed over the military conflict in Ukraine.
That’s according to a statement by the central bank’s First Deputy Governor Ksenia Yudaeva, issued in a reply to a proposal by a member of the State Duma, the lower house of Russian parliament.Anton Gorelkin, a lawmaker from the ruling United Russia party, had suggested that Russian companies and individual entrepreneurs should be allowed to make payments in digital currencies, including for
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