The government of the largest country by landmass does not intend to ban the purchase of digital assets by citizens on foreign trading venues, asserted the nation’s, Deputy Finance Minister. However, cryptocurrencies remain prohibited as a payment method within the borders of Russia.
Not Like China
According to a local report, Alexey Moiseev – Russia’s Deputy Finance Minister – said the Russian Federation has no plans to impose a complete crackdown on trading with cryptocurrencies on foreign platforms, the way China did:
“At the same time, citizens can buy (cryptocurrencies) and use wallets outside the Russian Federation. So it will remain so, I think. There are no plans to change something.”
Nonetheless, if local investors operate with digital assets inside Russia, they “will be subject to bans for the entire foreseeable future” due to the country’s financial sovereignty, Moiseev added.
The Deputy Minister also noted that the government will not change its stance tow
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