At a news conference, a top Russian central bank official stated that the monetary authority will allow overseas crypto commerce.
Ksenia Yudayeva, the Russian central bank’s first deputy governor, said Tuesday that the bank is open to utilizing cryptocurrency for foreign payments, according to Reuters and Russian media. She also said that the bank is revising its position on crypto mining. According to Yudaeva, she said:
- “We have changed our position on mining, and also permit the use of cryptocurrency in foreign trade and outside the country,”
The bank official’s statement, which came in the middle of news regarding domestic bank regulation, appears to be a concession to legislators working on a new version of the “On Digital Currency” bill. The Finance Ministry introduced the draft bill at a meeting organized by the United Russia Party on Frida, according to business newspaper Vedomosti.
At that time, Anton Gorelkin, a member of the Russian parliament’s lower chamber, the State Duma, emphasized the need for the central bank to intervene. The draft has already taken into account the input of a number of governmental organizations and ministries.
The section allowing foreign cryptocurrency transactions is a new addition to the statute. According to Vedomosti, adding it to the current law was a matter of expediency, according to Economic Development Ministry official Anatoly Dyubanov, who spoke at the United Russia event.
