Anatoly Aksakov, the Chairman of the Financial Markets Committee of the Russian State Duma, firmly stated that cryptocurrencies will not serve as currency in Russia but remain as investment tools only. He reiterated that payments need to be conducted exclusively in rubles.
There is a significant push for regulating the cryptocurrency industry in Russia despite disagreements among government bodies. The central bank seeks a ban, while the Ministry of Finance supports regulation and taxation, highlighting the ongoing conflict that hampers legislative progress.
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