Russian Industry and Trade Minister Denis Manturov said that the central bank and the Russian government will sooner or later legalize cryptocurrencies as a means of payment. Stating that the government and the central bank are approaching a solution about cryptocurrencies, Manturov also stated that the country also intends to create a CBDC.
Central Bank Thinks Reverse
Elvira Nabiullina, the head of the Russian central bank, recommends banning cryptocurrency mining and trading. Despite this stance of the central bank, it is thought that an agreement will still be reached.