Media: Russia may prohibit the use of cryptocurrencies as a means of payment

    Запрет криптовалют в России
    Ban on cryptocurrencies in Russia

    According to the Izvestia publication, citing an informed source, the Central Bank of the Russian Federation and Rosfinmonitoring for this moment are working on a bill that will ban the use of bitcoin and altcoins to pay for goods and services. The authorities are convinced that cryptocurrencies are very widely used in Russia for illegal business activities.

    At the moment, the regulator has not confirmed the development of the bill, but the Central Bank of the Russian Federation has once again officially stated that cryptocurrencies cannot be the equivalent of the ruble and can be considered legal tender.

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