Russian Central Bank And Ministry Of Finance Agree On Bitcoin, Crypto Bill – Bitcoin Magazine

Russia’s Finance Ministry and its central bank have agreed on a draft law allowing bitcoin and cryptocurrency payments for international trade settlements, according to a report by Russian news channel Tass.

The bill “as a whole spells out how cryptocurrency can be bought, what can be done with it, and how cross-border settlements can or cannot be made,” Deputy Finance Minister Alexei Moiseev said.

The agreement follows an earlier report in which Moiseev stated that it was impossible for Russia to conduct international trade without the use of bitcoins and cryptocurrencies due to the current circumstances related to sanctions.

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