Russia may authorize cross-border crypto settlements in 2023, officials say.
Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says
Ivan Chebeskov, director of the ministry’s Financial Stability Department, has been quoted as saying that the draft features a provision on international transactions with digital assets. It recognizes cryptocurrency as property that can be used in barter deals. At the same time, the official did not rule out the adoption of a dedicated law specifically regulating cross-border crypto payments.
One of the lawmakers involved in these efforts, the head of the parliamentary Financial Market Committee, admitted in a conversation with the newspaper that he was ready to sponsor legislative acts regulating the matter. He further elaborated that Russian businesses will be able to choose which cryptocurrency they want to trade in — bitcoin, ethereum or any other.
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