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Russia accepts Bitcoin and crypto for cross-border payments, proposes policy change
The Bank of Russia and the Ministry of Finance have reportedly reached an agreement to allow the use of Bitcoin and cryptocurrencies in cross-border payment settlements. Kommersant, a Russia-based outlet, reported on Thursday that Russia’s Deputy Finance Minister Alexei Moiseev said the government department has agreed “on the whole” with the central bank over a rule that would let residents send cross-border payments using cryptocurrencies. The proposed policy change was aimed at allowing Russian nationals access to digital wallets. Moiseev was quoted in the report: [The policy] generally describes how to ... (full story)