The Ministry of Finance of the Russian Federation advocated the legalization of calculations in cryptocurrency – Bits Media

The Ministry of Finance has advocated the legalization of calculations in cryptocurrency for exporters as part of an experimental legal regime.

Finance Minister Anton Siluanov said, that his department supports the initiative to create experimental legal regime and legalization of calculations in cryptocurrencies for exporters:

“I am for any movement in this direction. If the Central Bank agrees to the pilot with exporters, It will be excellent. Only our exporters have risks due to the volatility of cryptocurrencies. We need to level them and develop a mechanism of rapid exchange of digital currencies for fiat, So that volatility could not affect the cost of goods ".

Earlier, the deputy chairman of the Central Bank Alexei Zabotkin said, that "the only thing, Why will the experimental legal regime be available, if such a law is adopted, - This is the use of crypto assets to support foreign economic activity ".

The legalization of payments for export supplies in cryptocurrency will require amendments to the Tax Code, which will allow companies, carrying out foreign economic activity, display payments in digital currencies in your tax declarations.

The chairman of the State Duma Committee on the Financial Market Anatoly Aksakov specified, that amendments to the law on experimental legal regimes, which will allow Russian companies to pay for export in cryptocurrencies, can be accepted until the end of January 2023 of the year.