Cryptocurrencies to Be Legalized Soon in Russia, Says Trade Minister

  • According to the Minister of Industry and Trade, Denis Manturov, crypto payments in Russia will be legalized since the central bank and the government are “actively dealing” with the issue.
  • With the central bank’s governor, Elvira Nabiullina, giving up her resistance to legalizing crypto – calling her prior resistance to it overly harsh – crypto legalization looks bound to happen soon.
  • Russian lawmakers are currently working on regulations for mining and trading cryptocurrencies. Despite the central bank’s longstanding opposition to legalizing crypto in Russia, the country’s financial authorities eventually came round to crypto’s utility — even if it may not have been completely voluntary.