Top Russian Lawmaker Joins Calls for Legalizing International Crypto Payments

Bitcoin.com | Sep 9, 2022 at 7:30 AM
  • A high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments.
  • Despite the consensus with the Ministry of Finance on international crypto payments, the Central Bank of Russia also made it clear that the development is not about legalizing cryptocurrency payment or exchange transactions inside the country.
  • Deputy Finance Minister Alexey Moiseev unveiled that Moscow is working with the governments of several “friendly countries” on the establishment of clearing platforms for international stablecoin settlements as part of efforts to avoid using major fiat currencies such as the U.S. dollar and the euro.