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Russian central bank signals agreement with crypto law revisions: Report

2022.05.31 21:16

Russian central bank signals agreement with crypto law revisions: Report
Russian central bank signals agreement with crypto law revisions: Report

First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters reported, along with Russian media, which added that the bank was reconsidering its position on crypto mining as well. Yudaeva was quoted as saying:

The bank official’s statement, sandwiched into announcements about domestic bank regulation, seems to be a concession to the legislators preparing a new version of the law “On Digital Currency.” Business newspaper Vedomosti reports that the Finance Ministry unveiled the draft of the law at a discussion hosted by the United Russia Party on Frida.

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