Russian Finance Ministry Signals Willingness To Resolve Crypto Regulation Spat With Central Bank

Russia's finance ministry and central bank may finally resolve their crypto regulation differences that have gone on for years. (Credit: Traxer/Unsplash)

KEY POINTS

• Russian finance minister Anton Siluanov says crypto shouldn't be prohibited in the country, but should be regulated
• The Russian central bank wants an outright ban on the circulation and issuance of cryptocurrencies in Russia
• Putin appears to be more open to crypto as he approved a law that will introduce a CBDC

Russia's Ministry of Finance has indicated a willingness to discuss and resolve its issues with the Central Bank of the Russian Federation over cryptocurrency regulations, signaling a possible shift in the country's regulatory approach toward digital assets and cryptocurrencies.