Russian Finance Minister backs legalization of transactions with stablecoins
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The Russian Ministry of Finance (Minfin) is prepared to support the legality of transactions in Russia that use stablecoins, as per a high-ranking government representative.
Indeed, the head of the Financial Policy Department at the Ministry of Finance of the Russian Federation, Ivan Chebeskov, noted that the ministry favors permitting the circulation of stablecoins in the nation, according to a report by Russian outlet bits.media on July 7.
The senior official made the comment while participating in a discussion at the Russian Creative Week titled “The Influence of Web3 — New Era of the Internet of Trust?“
Chebeskov made the observation that Minfin considers the matter from the point of view of Russian business owners.
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