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Russia Won't Follow in the Footsteps of China's Total Ban on Crypto Transactions: Russian Deputy FM
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blockchain.newsRussian senior finance officer Tuesday said the government will not follow China’s comprehensive ban on cryptocurrency and has no plans to prohibit citizens from cryptocurrencies trading in the foreign exchange market, according to local media reports.
Speaking in an interview, Russian Deputy Finance Minister Alexei Moiseyev stated that the Russian authorities would continue to prohibit cryptocurrency as a means of payment, taking into account the issue of controlling the supply of domestic currency, Russian media Interfax reported on Oct 12, Tuesday.
However, Moiseyev noted that the Russian authorities would continue to allow Russians to buy and trade digital assets such as Bitcoin and use cryptocurrencies in foreign exchange transactions.
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