Yesterday, the chairman of Russia’s State Duma Committee on Financial Markets, Anatoly Aksakov, confirmed that crypto exchanges will be used to conclude cross-border transactions, thus circumventing restrictions due to international sanctions.
Although Aksakov is not technically a member of the government, he is nonetheless fully embedded in the state regime, so his words should be considered official, though not final.
Russia and crypto
Russia’s relationship with cryptocurrencies has been complicated over time.
At first they seemed to want to tolerate Russian citizens using them, partly because the country has perfect conditions for Bitcoin mining, for example.
Later, however, the country’s central bank in particular tried to enforce a ban on their use, probably to safeguard the national currency and perhaps to try to pave the way for the digital ruble.
However, the partial failure of the digital yuan in allied China may have prompted the Russian government to reconsi
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