Russia embeds crypto into its financial strategy

Russia embeds crypto into its financial strategy

Lawmakers in Russia are working on changing legislation to allow a national crypto exchange.
Russia is closer to making a complete 180 degree turn in its views on cryptocurrencies. The Russian central bank had always viewed crypto with a jaundiced eye, and appeared to have favoured a ban.
However, in December of last year a thawing in the frosty perspective of the Bank of Russia began to take place, perhaps after conversations with the Kremlin, and its Deputy Chairman announced that regulation, rather than a ban, had become the preferred option.
Things have continued to change since, no doubt in no small part due to the sanctions imposed on Russia by the West. It’s now reported that both the Ministry of Finance and the Central Bank of Russia now see eye to eye on crypto.
In an article on Coin Telegraph, Sergey Altuhov, a member of the Duma Committee of Economic Policy, was quoted as saying:
“It makes no sense to deny the existence of cryptocurrencies, the problem is they circulate

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