Ministry of Finance and Central Bank advocated the legalization of cross-border payments in cryptocurrency - Frank Media

Ministry of Finance and Central Bank advocated the legalization of cross-border payments in cryptocurrency - Frank Media
Photo by Behnam Norouzi / Unsplash

Cryptocurrency settlements will partially help replace international SWIFT transfers.

However, do not get too excited: legalization of transfers means control over transactions by the state. This is the official position of regulators. It is still unknown to what extent the Ministry of Finance and the Central Bank will regulate this sphere.

The positions of the Central Bank and the Ministry of Finance are converging on the bill to regulate mining. Perhaps soon we will see the final draft of the law.