Tue. Oct 26th, 2021

    Russia doesn’t plan to ban crypto outright

    Alexey Moiseev, the deputy finance minister of the Russian Federation, said he believes Russian citizens will continue to be allowed to buy and use cryptocurrencies outside the country on foreign exchanges without the threat of legal action at home. Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade cryptocurrencies like Bitcoin (BTC). The deputy finance minister added that lawmakers still needed to properly define digital currencies and blockchain technology in Russia’s civil code.