Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

“Russia will legalize crypto payments” is only speculation: Report

0
(0)
"Russia will legalize crypto payments" is only speculation: Report 2

The Russian finance ministry revoked all the speculation which was spreading in the crypto industry about Russia adopting Crypto in payment methods.

In Russia, Crypto trading is legal under the official crypto bill of the Russian government, which was introduced in January of last year. But right now the Russian finance ministry is on the waitlist to discuss its new crypto bill to bring a renewed regulation framework in Russia to keep the bad across from this industry.

On 15 April, a highly reputed media channel, Kommersant, reported about the Crypto bill proposed by the Russian finance ministry and noted that it may be introduced in official level discussion in the incoming spring season. 

Importantly, the report didn’t mention at any point where Russia is considering introducing its laws to use crypto for payment purposes.

But still, many media reports considered that Russia is going to introduce a crypto payments framework in the Russian Federation, in the incoming crypto bill. 

At the latest, the Russian finance ministry itself stated against such speculation and indirectly confirmed that there are no such plans. The Ministry noted that no one “digital assets” are a unit of the Monetary System of the Russian federation. 

However, the Ministry rejected such speculation but noted that if any crypto will be allowed to accept in payment options then surely that will not be treated like fiat currency but will be a different token from the Russian Ruble. 

Few reports noted that two high-profile media sources of Russia claimed that they are almost sure to see crypto use in payment methods. There is still no evidence regarding the news on crypto payment adoption and also the Ministry didn’t responded on such things. 

Recently the Tax authority of Russia issued its statement on crypto-based payment systems. According to the Tax Agency, cryptocurrency-based payment systems should be treated under the foreign currencies trade contract. So in this way, the Russian Tax authority suggested allowing businesses to use crypto in payment methods but with high transaction fees under the Fema act. 

Earlier today, Bitcoinik reported that there are chances that the Russian government may allow payments in cryptocurrencies but for selective sector-based agencies or it will be available for retail users with very high fees.

Read also: Towson based Porsche dealer jumps into the crypto industry

“Russia will legalize crypto payments” is only speculation: Report

 

https://bitcoinik.com/russia-will-legalize-crypto-payments-is-only-speculation-report/feed/

https://bitcoinik.com/russia-will-legalize-crypto-payments-is-only-speculation-report/feed/

 

Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Don’t miss a thing, sign up for our newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

 

BINANCE - The Exchange with the Most Trading Volume in the Wold

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯

 

👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

https://cocacola66.vip/index/login/reg/invite_code/052091

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link
👇🏽

https://cocacola66.vip/index/login/reg/invite_code/052091

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎

----------------------------------------------------------------------------------------------------------------------------------------

TELEGRAM
Cryptonews24 Channel Chat