Cryptocurrency Gets a Boost in Russia as Sanctions Bite
Russia could legalize cryptocurrency as a legal money operator, as the traders are keen on working in the legal space.
Russia is considering legalizing cryptocurrency as a legal tender, subject to rigorous controls, this is because the use of digital assets is growing rapidly in the country, and cryptocurrency traders are ardent to operate in a legal space.
Anatoly Aksakov, head of the State Duma Committee on Financial Markets, said that cryptocurrency could be used in foreign trade, the RT reported. He also noted that foreign banks are sometimes hesitant to interact with Russian cryptocurrency traders, which is why legalization would be beneficial.
The Russian government is still working out to extract the details of how cryptocurrency would be governed if it were...