Russian Financial Markets Committee Chairman: "Virtual assets cannot be used for payments... Payments must be made only in rubles"
Summary
- Anatoly Aksakov, chairman of the State Duma's Financial Markets Committee, opposed the use of virtual assets as a means of payment in Russia.
- He said that payments should be made only in rubles, and that virtual assets can never be money.
- Aksakov emphasized that the use of virtual assets should be limited to investment purposes.
The chairman of the Financial Markets Committee of the Russian parliament (Duma) has expressed opposition to payments using virtual assets (cryptocurrencies) within Russia. He emphasized that virtual assets cannot be a means of payment and that payments must be made only in rubles.
According to crypto-asset-focused media DL News on the 16th (local time), Anatoly Aksakov, chairman of the State Duma's Financial Markets Committee, said, "Virtual assets can never be money in Russia" and "All payments must be made only in rubles."
Aksakov also stated that the use of virtual assets should be limited to investment instruments. He stressed that virtual assets can be used only for investment purposes, not for payments.
The remarks came amid ongoing discussions in Russia over the scope of virtual asset use. Russia has been exploring the possibility of using virtual assets in some areas, but policy stances have differed over whether to recognize them as a means of payment.
JH Kim
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