Bank of Russia planned to accepting cryptourrency as payment.

[uptrendfinancialsignal]

One of the countries that opposesd cryptocurrency was Russia. The Russian government through the bank of Russia made it in now publicly that they will ban cryptocurrency. They later had a change of decision when they found it useful during the war. The Bank of Russia has reportedly decided to permit cross-border cryptourrency transactions.

The sudden repentant is due to the help cryptocurrency rendered when all the financial institutions in Russia where not permitted to carryout cross-border transaction as a result of the sanction. According to the local news outlet TASS, the Russian central bank has been rethinking the approach to regulating cryptocurrency.

The deputy finance minister Alexei Moiseev stated that the Bank of Russia and the finance ministry have made plans legalizing cross-border cryptocurrency payments soon. As many Russians rely on international platforms to open a crypto wallet due to the war. Moiseev stressed the significance of permitting local cryptocurrency services in Russia. This is the usefulness of cryptocurrencies to the economy of any country. The idea of accepting cryptocurrencies as payment has historically been opposed by Russian legislators. The usage of cryptocurrencies like Bitcoin (BTC) for payment purposes was legally outlawed by Russia's primary crypto law,. They have suddenly made a change of decision.

 

[saoussen5765]

Payeer is receiving crypto payments so what you are saying is against predictions. Also Advcash and WebMoney unless you are talking about regular banks.

 

[PolySteam]

That's so pathetic. So now they know they can get something out of it they want to allow it. What a horrible country.