An official from Russia’s Ministry of Finance has indicated the financial regulator now supports changes to a proposed law that would still ban bitcoin domestically but carve out provisions for its use as a foreign currency.
In a new interview with state-owned newspaper Rossiyskaya Gazeta, deputy finance minister Alexei Moiseev said the change in tone is part of a broader effort to limit the use of alternatives to the ruble domestically, while removing uncertainty for those working with blockchain, its underlying distributed ledger technology.
[READ MORE]
"It's money 2.0, a huge huge huge deal." - Chamath Palihapitiy