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At the same time, the agency and the regulator settled their differences regarding mining. According to Deputy Finance Minister Alexei Moiseev, both bills will be adopted in the autumn session.
The Bank of Russia and the Ministry of Finance as a whole have agreed on a bill regarding the use of cryptocurrencies in cross-border settlements, Deputy Finance Minister of Russia Alexei Moiseev said during the discussion “Interaction of traditional banking with the crypto-active world” at the XIX International
banking forum “BANKS OF RUSSIA – XXI CENTURY”. According to him, despite the fact that national currencies will be the main instrument for such calculations, the agency and the regulator agreed that payments in cryptocurrencies would also be appropriate.
The bill prescribes how cryptocurrency can be purchased, how it can or cannot be paid for, Moiseev said. However, he noted that the problem of “entry and exit to fiat” still remains unresolved. In addition, one of the main tasks to be solved next is to understand what is the minimum infrastructure that needs to be created in order to be able to implement such payments.
Also, the Deputy Minister said that a draft law on the mining of cryptocurrency has been agreed, which will actually establish the concept of mining. According to Moiseev, the question of whether miners can credit the mined cryptocurrency to wallets in Russia or abroad has so far been decided in favor of the second option.
Both bills will be adopted in the autumn session, all the prerequisites for this are already there, Moiseev believes.
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