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Ministry of Finance: Using cryptocurrency as a means of payment will be prohibited

Deputy Finance Minister Alexei Moiseyev said that the Finance Ministry decided that cryptocurrency can never be used legally as a means of payment.

He added that it will always be like this and it will not be profitable for the Russian economy.

“Turnover in terms of using cryptocurrency to calculate and pay for goods, works and services, of course, will be banned in Russia, it seems to me, always. I do not know what will happen in 100 years, but this will never happen in the immediate future. The ruble is our national currency and all calculations should be made in rubles, ”Moiseyev said.

At the same time, during his speech at the conference, Moiseyev noted that “at this stage there are no plans to introduce criminal penalties for mining”. Moiseyev added that the idea of introducing criminal punishment was discussed earlier, but then they came to the conclusion that "it would be absolutely impossible to describe the crime, therefore we decided to first describe the object, and then we will think about it."

At the same time, Moiseyev stressed that the bill on digital financial assets is included in the national project for the development of the digital economy, so it is necessary to adopt it in the current session of the State Duma.

According to the deputy head of the Ministry of Finance, “one disagreement remains, but it will not be possible to remove it at the worker’s level,” so it will be decided “at the political level”.

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