The Ministry of Economic Development of the Russian Federation has taken the initiative to allow Russian businessmen to use digital currencies for mutual settlements in a test mode. Such an opportunity should be provided to entrepreneurs in some regions of the country, the newspaper " Izvestia " reports.
It is already known that the State Duma supports the proposal of the Ministry of Economic Development. Anatoly Aksakov, who heads the financial market lower house committee, said that testing cryptocurrency instruments in some regions would allow assessing the potential of this form of mutual settlement and the practical application of the regulatory framework.
The State Duma deputies promised to adopt bills on regulating relations in the cryptocurrency industry by the end of February this year. Anatoly Aksakov stressed that when adopting this package of documents, the parliament will take into account the interests of entrepreneurs ready to use digital currencies in their financial transactions.
The proposal of the department was supported by the Kaliningrad region and Tatarstan. The authorities of these regions have expressed their willingness to participate in a project for testing cryptocurrency operations involving companies and private entrepreneurs.
The Ministry of Economic Development and Trade stated that any region in which companies develop products in the field of blockchain technologies , artificial intelligence and quantum technologies can become a project participant.
According to some experts, the use of cryptocurrency in mutual settlements will allow Moscow to minimize the negative impact of Western economic sanctions that restrict access to Russian companies to European and American capital markets.
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