The Bank of Russia, despite its proposal of a three-year crypto trading experiment, still maintains its opposition to cryptocurrencies being used for everyday payments.

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The Bank of Russia, despite its proposal of a three-year crypto trading experiment, still maintains its opposition to cryptocurrencies being used for everyday payments.

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The Bank of Russia still does not consider cryptocurrency as a means of payment.
The ban on using cryptocurrencies like Bitcoin for payments in Russia was part of the country’s first crypto law, ‘On Digital Financial Assets,’ which came into force in January 2021.

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