According to Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, Russia has no plans to lift the ban on cryptocurrency payments.
Aksakov recently stated that only rubles can be used as a means of payment in Russia, and that cryptocurrencies will never be considered legal tender. Aksakov’s position echoes the provisions of the decree «On Digital Financial Assets,» which prohibits the use of digital assets for payment for goods and services.
The good news for virtual currency holders is that the authorities have no plans to outlaw blockchain-based tokens and coins. According to Aksakov, they are legally legal to invest in. kriptovalyuta It is considered property, meaning it can be bought, sold, and stored.
Anatoly Aksakov
Nevertheless, despite bureaucratic obstacles, digital assets represented in decentralized networks are making their way into the payment system. As noted by Bank of Russia Governor Elvira Nabiullina, Russia has an experimental legal regime allowing cryptocurrency to be used as payment for imported goods and accepted as payment for exports.
Clearly, stablecoins tied to the national currency are in the greatest demand for foreign trade transactions, as they avoid the risk associated with a sharp decline in the value of a digital asset.