The Ministry of Finance and the Bank of Russia have reconsidered their stance on cryptocurrencies, a step needed to legitimize cross-border payments in these currencies, according to the country's Deputy Finance Minister Alexei Moiseev.
In an interview with Russia-24 TV channel, Moiseev said the disparity in methods for regulating the crypto industry persists, but the Central Bank has reconsidered its approach in light of the evolving circumstances, and the government is doing the same.
