The Ministry of Finance does not rule out the legalization of stablecoins in Russia

Jul 10, 2022 06:00







The Ministry of Finance believes that it is possible to legalize digital currencies with real collateral in Russia. As the representative of the financial department Ivan Chebeskov noted, stablecoins secured, for example, with gold or oil can be recognized as full-fledged means of payment in our country.

Under the conditions of sanctions, business needs such a tool that can be used in mutual settlements with foreign partners. You can finance operations in stablecoins.

The official also noted:
This will be the right way to develop technologies and reduce costs for the economy.

An official platform for operations with digital assets may appear in Russia. It will be part of the structure of the Moscow Stock Exchange and will serve investors under strict control from the Bank of Russia, State Duma deputy Anatoly Aksakov said yesterday.

In his opinion, it is necessary to force all crypto companies to register in the Russian Federation, and allow withdrawal of funds only through domestic banks.

By the end of the autumn session, the parliament should consider an edited bill on regulating relations in the cryptosphere, Aksakov added.

https://coin-signal.com/cryptonews/the-ministry-of-finance-does-not-rule-out-the-legalization-of-stablecoins-in-russia-2/
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