Russia will not prohibit the purchase of cryptocurrencies on foreign exchanges

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The Russian authorities do not plan to prohibit citizens from buying cryptocurrencies on foreign exchanges. This was stated by Deputy Finance Minister Alexei Moiseev, writes “Interfax”.

“Now I can only say that our calculations (in cryptocurrency) on the territory of the Russian Federation are prohibited. At the same time, citizens can buy and use wallets outside the Russian Federation. So it will remain so, I think. There are no plans to change anything yet, ”Moiseev said.

According to him, regulators will focus on banning the use of digital currencies as a means of payment within the country in order to avoid losing control over the money supply.

“Of course, a Russian citizen can have a wallet open outside the Russian Federation, but it is operations within the Russian Federation that they will be subject to bans, I think, for the entire foreseeable future, due to the fact that this is financial sovereignty,” the official added.

In the Russian Federation, the turnover of digital assets is regulated by the law “On CFA”. It recognizes cryptocurrencies as property and prohibits their use to pay for goods and services in the country.

Earlier it became known that the State Duma plans to consider a legislative restriction on investments in crypto assets of unqualified investors.

In September, the Central Bank of the Russian Federation took a similar position.

Representatives of the regulator are also discussing the expansion of the ban on the use of cryptocurrencies, up to the introduction of administrative and criminal liability.

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