Breaking News

Russia is considering introducing the virtual "Bitcoin" currency into banking transactions

Russia Today said that Alexei Moisiev, Deputy Russian Finance Minister, revealed in an interview with Bloomberg Economic Agency that the country's authorities may enter the virtual currency Bitcoin into circulation in 2018.


According to the Russian official, it is possible to classify "Bitcoin" as a "financial product", after which all the rules for combating illegal transactions will apply to it.


"The state must know, at every moment, what the costs are to both sides of this financial chain .. the participants in the transactions must have sufficient information about them," Moisyev said, "It is likely that Bitcoin will be widely distributed in Russia."


According to Bloomberg, the Russian Central Bank is studying with the government the possibility of introducing digital currencies into banking transactions.


In February, the deputy head of the Russian regulator, Olga Skorobogatova, said that the government would decide the matter by mid-2017.


Russian officials have repeatedly opposed putting up virtual currencies in the financial market, due to the money laundering and terrorist financing they may be exposed to.


And "Bitcoin", a virtual currency designed by an unknown person known as "Satoshi Nakamoto", and is somewhat similar to known currencies such as the dollar, the euro and other currencies.

No comments