Denis Manturov, Russia’s Minister of Industry and Trade, said that sooner or later crypto payments will become legal.
At a forum held, Manturov replied to a question about crypto payments he received:
“The central bank and the government are actively working on it. Everyone knows that sooner or later this will happen”
Russia is also planning to issue its own digital ruble. Although the government previously thought that cryptocurrencies were used for money laundering or financing terrorism, it currently has a positive stance on crypto.
However, Central Bank Governor Elvira Nabiullina also expressed that she did not welcome the annual influx of approximately $5 billion in crypto by the Russians.
Manturov stated that regulations on the use of cryptocurrencies will be formulated first by the central bank and then by the government.
