The Russian central bank appears to be warming to broader crypto use, at least abroad. The bank's first deputy governor, Ksenia Yudayeva, stated that it is open to using cryptocurrency for international payments.
First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters, along with Russian media, which added that the bank was reconsidering its position on crypto mining as well. Yudaeva was quoted as saying:
“We have changed our position on mining, and also permit the use of cryptocurrency in foreign trade and outside the country,” The bank official’s statement, sandwiched into announcements about domestic bank regulation, seems to be a concession to the legislators preparing a new version of the law “On Digital Currency.” Business newspaper Vedomosti reports that the Finance MinistryAt that discussion, Anton Gorelkin, a member of the State Duma, the lower house of the Russian parliament, mentioned the need for the central bank to weigh in.
The provision to allow international trade in cryptocurrency is an innovation in the law. Adding it into the existing law was a matter of expediency, Economic Development Ministry official Anatoly Dyubanov said at the United Russia event, Vedomosti reports.
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