Russian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December
The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s digital asset market by Dec 1. Working with other regulators, they should also present a common position on the legislation needed to regulate it.
The head of the Russian government issued the order after a meeting devoted to the nation’s financial system, RBC Crypto reported. The top official emphasized that in the current circumstances, DFAs can facilitate uninterrupted payments for imports of goods and Russian exports. The finance ministry and the central bank have been tasked to update Russia’s “Strategy for the Development of the Financial Market until 2030.” The document should be revised taking into account the instructions of President Putin and, in the words of Mishustin, the prevailing geopolitical situation.
Their position is pretty clear: the state can do whatever it wants while regular people are left out
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Basically, Russia wants more taxes because it's losing money.
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Russia is next to embrace btc and crypto. As they know that only way fight USD.
So, there is a question. If Russia approves international trade using private stablecoins like USDT, how will this be related to de-dollarization?
Nothing will work, the contry is so corrupted, they even don't produce tacks for themself
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