Russian Finance Ministry official Ivan Chepskov has provided new details about a crypto bill currently being drafted, which would allow companies to negotiate the use of cryptocurrencies in international trade on their own.
On Monday, Chepskov, head of the Ministry of Finance's Ministry of Financial Policy, explained at a panel discussion hosted by the Russian International Chamber of Commerce in Moscow that the draft cryptocurrency bill provides domestic infrastructure for settlements and regulation on mining, but will leave many details for companies to act on their own, it said. Quinn Telegraph.
Interfax quoted Chipskov as saying: It is not entirely clear how the matter should be regulated, so we are giving companies the opportunity with this bill to pay with cryptocurrency, but as to what cryptocurrency will be used for, how to negotiate with counterparties, and which countries will be dealt with. We leave it to the entrepreneurs.
On September 13, Russian Prime Minister Mikhail Mishutin ordered the Ministry of Finance, the Central Bank of Russia, the Federal Tax Service, the Federal Financial Supervision Service, or Rosvenetering, and the Russian Federal Security Service (FSB) on December 19 on legislation regulating the issuance, circulation, mining and use of cryptocurrencies in settlements. International. The Prime Minister's instructions did not extend to the domestic use of cryptocurrencies.
In response to this matter, Chipskov said, the Ministry of Finance and the Central Bank have started new discussions about regulating cryptocurrencies and several provisions of the bill are currently in place. Mining was discussed separately and the agencies' view of mining was more similar than that of the settlements.
