Crypto Will Never be Recognized as Official Currency in Russia, Lawmaker Says

In a definitive statement, Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Markets, maintained a strict ban on payments using crypto within Russia. Addressing a TASS press conference, he emphasized that payments in Russia must only be conducted in rubles. He dismissed the possibility of cryptos like Bitcoin and Ethereum becoming legal tender. “We must understand that cryptocurrencies will never become money within our country,” he noted. “They can only be used as an investment ...