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Russian officials have made it clear: BTC and ETH will never become legal tender! They can only be treated as investment products. 一起聊聊！
Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma of Russia, stated clearly that all payment activities within Russia must be based on the ruble, and cryptocurrencies like Bitcoin and Ethereum will never gain legal tender status, only existing as compliant investment tools.
Moreover, the Russian legislative body has explicitly sided with the central bank, firmly opposing individuals or businesses using cryptocurrencies as a means of payment. In fact, as early as 2020, Russia had already explicitly prohibited the use of cryptocurrencies for transaction settlements domestically; today’s statement further delineates a clear red line for the positioning of cryptocurrencies in Russia.
On one hand, there is a clear rejection of payment functionality, and on the other hand, investment channels are being opened up. This approach by Russia can be considered quite cautious. Do you think this regulatory mindset of “investment allowed, payment prohibited” will become a reference model for more countries?
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