Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto wallets beyond its borders.

Russians Can Purchase Cryptocurrencies on Foreign Exchanges

Unlike the Chinese government, authorities in Moscow do not intend to impose restrictions on the purchase of cryptocurrency on digital asset exchanges based abroad, a statement by Russia’s deputy minister of finance Alexey Moiseev has revealed. Speaking to reporters this week, he noted that settlements in cryptocurrency are prohibited in the country but explained:

At the same time, citizens can buy [cryptocurrencies] and use wallets outside the Russian Federation. It will remain so, I think. There are no plans to change anything yet.

On Tuesday, during a lecture devoted to the digitalization of financial markets at the Moscow State Institute of…

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