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Cross-border settlements in cryptocurrency to be legalized in Russia in the near future

The Ministry of Finance and the Bank of Russia have rethought their approach to cryptocurrencies and believe that in the near future it is necessary to legalize cross-border payments in these currencies, Deputy Finance Minister Alexei Moiseev said.

The Bank of Russia confirmed the discussion of the legalization of cross-border payments in cryptocurrencies. The regulator, however, opposes the legalization of crypto exchanges, exchangers and such transactions within Russia.

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