Moscow is not planning to ban the purchase of crypto abroad - regulation

Moscow is not planning to ban the purchase of crypto abroad - regulation

Russia will not follow China's course and does not plan to ban his citizens the purchase of cryptocurrencies on foreign exchange, as a high -ranking government official indicated. Russians will not be able to pay with digital coins in their own country, but they are free to use crypto wallets outside their limits.

Russians can buy cryptocurrencies on foreign exchange

Unlike the Chinese government, the authorities in Moscow do not intend to restrict the purchase of cryptocurrencies on abroad abroad for digital assets, according to the deputy Russian finance minister Alexy Moiseev. In a conversation with reporters this week, he found that billing in cryptocurrency in the country was prohibited, but said:

At the same time, citizens can buy [cryptocurrencies] and use wallets outside the Russian Federation. It will stay that way, I think. There are no plans to change anything yet.

On Tuesday on the occasion of a lecture on the digitization of the financial markets at the Moscow State Institute for International Relations ( mgimo ), Moiseev Land will not allow. Cited by interfax, said the government official:

The position now is to ban operations with cryptocurrencies on the territory of the Russian Federation.

he answered questions from students and pointed out that the approval of crypto payments could lead to loss of control over the money supply, and insisted that it was about financial sovereignty. Nevertheless, Alexey Moiseev added that Russians can have a cryptocurrency wallet outside the country regardless of the ban.

The deputy finance minister also emphasized that many new financial terms such as digital currency and blockchain information in the Russian civil code and other relevant laws have to be defined. He continued:

blockchain will obviously take your own niche and be used where equality is required.

Moiseev's comments come after the last week From the head of the parliamentary Financial Market Committee, Anatoly Aksakov, who revealed that the Russian legislature is considering legal restrictions on the money supply that unexpectedly qualified investors can invest in crypto-assets. Aksakov believes that the measures to protect private investors in Russia are necessary because cryptocurrencies attract billions of dollars worldwide.

Do you believe that Russia will be retained its current policy in terms of crypto purchases on foreign exchange? Tell us in the comment area below.

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