Russia doesn't plan to follow in China's footsteps by banning crypto outright, says deputy finance minister

Russia doesn't plan to follow in China's footsteps by banning crypto outright, says deputy finance minister


While Russia continues to enforce a ban on cryptocurrency payments as part of a law which took effect in January, the country has no plans at this time to completely prohibit trading by its citizens.

According to an Oct. 12 report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian Federation, said he believes Russian citizens will continue to be allowed to buy and use cryptocurrencies outside the country on foreign exchanges without the threat of legal action at home. Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade cryptocurrencies like Bitcoin (BTC).

“Russian citizens can have a wallet open outside the Russian Federation, but if they operate within the Russian Federation then they

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