Alexey Moiseev, the deputy finance minister of Russia, said earlier this week that he expects pending legislation on cryptocurrencies will feature a ban on payments made in cryptocurrency.
That comment aside, further statements from Moiseev on the matter suggest that the question is still an open one subject to debate in the State Duma, Russia's national legislature.
"The discussions will continue. I think that within the framework of these discussions we will decide what we will do with it," he said, going on to remark:
Moiseev said that he expects a long-in-the-crafting bill to be completed in October, though given past developments in Russia, the bill could conceivably see further delays. Even still, the deputy finance minister indicated that further deliberations in the Duma will decide what ends up in the finalized measure.
"I think we will determine it within a month. I think in October, and then we will discuss it before submitting it," he said.
Image Credit: ID1974 / Shutterstock.com
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.