- Libra will be treated as any other cryptocurrency by the Russian government.
- Deputy FinMin Alexey Moiseev also stated that the country will regulate ICOs.
As per Russian news agency Interfax, Deputy Finance Minister, Alexey Moiseev, told journalists that the country will be treating Facebook’s Libra like any other cryptocurrency. Moiesev stated that it will be legal to buy, sell and hold Libra, but it will be illegal to use it to pay for goods and services.
“No one is going to ban it…The ruble is our national currency, and all calculations must be made in it.”
Tass reported that Moiseev expects Russia’s parliament to adopt the bill on Digital Financial Assets (DFA), in the second reading. Regarding the bill, Moiseev told RNS:
“We had a meeting last week, Anton Germanovich (Siluanov, First Deputy Prime Minister, Minister of Finance. – RNS) held it, and Vice-Premier Akimov, the Central Bank, we, law enforcement agencies attended. In general, we have agreed, now the final text, everyone is watching it … All decisions have been made there, now we are looking at the text, and within two weeks, I hope, we will come out for adoption in the second reading.”
Moiseev also shared his views on initial coin offerings (ICOs), during a press conference:
“A large number of businesses ask when it will finally be possible to legally conduct an ICO transparently, this will definitely be regulated, permitted, and that’s all.”
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