Financial Market Committee Chair suggests regulating international crypto payments in Russia.
A high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments. His proposal comes after key regulators in Moscow said that Russia needs to allow the use of cryptocurrencies in foreign trade, now that it’s having to deal with serious financial restrictions.
Quoted by the business daily Kommersant and the RIA Novosti news agency, Aksakov emphasized that determining the legal boundaries for the use of cryptocurrencies in cross-border settlements is an important task. He also marked as a high priority the need to ensure that those who enter this market are identified by authorities.
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