The Bank of Russia has softened its position on cryptocurrencies – now the regulator does not object to their use “in international transactions and in the international financial infrastructure.” This was stated by Ksenia Yudaeva, the first vice-president of the central bank, Kommersant.

He noted that the Central Bank is still of the opinion that the use of digital currency in the country poses great risks for citizens.

Recently, the Ministry of Finance announced that cryptocurrencies could potentially be used by Russia in international settlements. The head of the ministry’s fiscal policy department, Ivan Chebeskov, said that this issue began to be studied against the background of the sanctions imposed on the Russian Federation.

Later it became known that the Ministry of Finance has finalized the bill on the regulation of cryptocurrencies, including a provision that allows the use of digital currencies as a means of payment in the foreign trade activities of legal entities and individual entrepreneurs.

Recall that before that the Central Bank took a radically prohibitive position regarding bitcoin. He proposed to limit the issuance, circulation and exchange of cryptocurrencies, as well as the organization of such operations on the territory of the Russian Federation. In March, the Central Bank of Russia advocated a complete ban on the circulation and mining of digital currencies.