The Ministry of Finance will allow the use of cryptocurrencies for payments to foreign partners – Bits Media

The Ministry of Finance has submitted a modified bill to regulate cryptocurrencies, In which an article appeared on the use of digital assets for payment under foreign trade contracts.

As reported by Vedomosti with reference to a certain federal official, The new document took into account the comments of the Ministry of Economic Development, Ministry of Internal Affairs, Mincifers, Federal Tax Service, Rosfinmonitoring and the Center for National Projects of the Analytical Center under the Government of the Russian Federation. In particular, It is proposed to allow payment of goods and services of foreign suppliers using cryptocurrencies. Interesting, what about representatives of the Central Bank, As noted by Deputy Prime Minister Dmitry Chernyshenko, They did not coordinate the document "in connection with the negative position of the department on the legislative initiative".

Head of the "Legal Development" of the Center for Strategic Development (CSR) Maxim Bashkatov noted, that the use of cryptocurrencies for settlements on foreign trade transactions will allow Russian companies to pay for goods and services. In principle, Bashkatov emphasized, Digital assets can be used to circumvent sanctions. but, This provision in the bill cannot be regarded as an unambiguous legalization of bypassing Western economic sanctions.

Also in the bill it is proposed to prohibit advertising of cryptocurrency exchanges and exchangers. but, It's only about those sites, which do not have a license of the regulator. Interesting, that the department is still, which will regulate the cryptocurrency market in Russia, not definitely. Licensed sites will be able to advertise their services, But at the same time they will be required to cooperate with law enforcement agencies. Besides, The requirement to create a special registry for legal entities and IP was lost from the document, engaged in mining.

The document should not yet be considered final - there are still discussions and work on the bill by various departments. Including, Consensus is also necessary with the Central Bank of Russia.

Previously, State Duma deputy Konstantin Bakharev said, that the bill on cryptocurrencies in Russia will be adopted in the near future.