Russia to legalise cryptocurrency for payment ‘sooner or later’, minister says, after central bank proposed ban


Source: scmp.com scmp.com

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Russia will sooner or later legalise cryptocurrencies as a means of payment, Industry and Trade Minister Denis Manturov said on Wednesday, suggesting that the government and central bank may be moving closer to settling their differences. Shortly before Russia sent tens of thousands of troops into Ukraine on February 24, the finance ministry submitted legislative proposals that clashed with the central bank’s demand for a blanket ban. Manturov was asked at a forum whether he believed cryptocurrencies would become legal as a means of payment. “The question is, when this happens, how it will be regulated, now that the central...