Deputy Finance Minister says, Russia to ban bitcoin payments

The deputy finance minister of Russia, Alexey Moiseev says that he expects pending legislation in cryptocurrencies will feature a ban on bitcoin payments.

According to the source, Moiseev had said that bitcoin must be classified as a kind of asset in Russia and limits to qualified investors. The reporters told Monday that “no regular doubts that payments will  ban”.

Moiseev, further says that the question is still an open one subject to debate in the State Duma, Russia’s national legislature.

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He said, “The discussions will continue. I think that within the framework of these discussion we will decide what we will do with it”.

“In any case, there is a market. It is developing rapidly, and there are certain advantages that could be used. I mean the advantages associated with attracting investments for projects through the ICO. I have a positive attitude to this, but there is another point of view. In order to make a decision, consensus will be necessary”.

Alexey Moiseev, says that in October he expects a long in the crafting bill to be done. Due to the past developments in Russia, conceivably the bill could see further delays. Although, the deputy finance minister indicates that further deliberations in the Duma will decide what ends up the finalized measure.

He adds, “I think we will determine it within a month. I think in October and we will discuss it before submitting it”.

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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