Join the larget crypto conference of 2023 in Bitcoin


Russian Finance Ministry prepares draft on crypto payment settlements

Russia legal cryptocurency

An official from the Russian Finance Ministry confirmed that it almost completed the draft bill on digital assets payments for the businesses. 

Russia is now a crypto-friendly country in the world, perhaps its stances were not clear toward crypto in the last couple of years but still, the global restrictions on this country played an important role to force the government of Russia to adopt cryptocurrencies in the payment options.

On 19 September, Interfax quoted a statement of Ivan Chebeskov, the head of the Russian Finance Ministry’s Financial Policy Department. 

The report confirmed that the head of the finance ministry drafted a bill on crypto payments that will provide details about the particular numbers of crypto assets & businesses, which can involve in use of crypto payment settlements for their trades with counterparties.

Interfax report stated:

“The Ministry of Finance has developed a bill on digital currencies. It is comprehensive and includes many things.”

The report also noted that the Russian finance ministry is still lagging to create a much precise regulation to bring crypto payment policies but still it is focusing on bringing the use of crypto in payment with other countries’ businesses.

Ivan reportedly said:

“But in terms of payments, we are rather creating a mechanism for business than building this architecture completely, because it is not completely clear how it should be regulated, so we allow businesses with this bill to pay with cryptocurrency.”

International Sanctions on Russia

In late February of this year, Russia attacked the Ukrainian army. The action of Russia against Ukraine was criticized by almost every country in the world.

In particular, the EU & US like big powers tried to force Russia with the strategy of international financial & trade sanctions. 

Before the middle of 2022, the Russian Central Bank was totally against cryptocurrency circulation in the Russian Federation but now Russia is moving toward the use of cryptocurrencies and almost every government agency is ignoring the negative sides of crypto adoption in payment system.

Read also: Now US State Colorado accepts tax payments in Bitcoin

Russian Finance Ministry prepares draft on crypto payment settlements






Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.


Trade with Moon Grid now


Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


Please follow and like us:
Social media & sharing icons powered by UltimatelySocial