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Anton Siluanov stated that cryptocurrencies are a good tool

Anton Siluanov stated that cryptocurrencies are a good tool

HappyCoinNews2024/11/07 00:11
By: HappyCoinNews

Minister of Finance of the Russian Federation Anton Siluanov said within the framework of the federal educational marathon "Knowledge. First", that cryptocurrencies are a good tool for external settlements, given the sanctions against the country.

According to the head of the financial department, at the moment a legislative decision has already been made on cryptocurrency mining, and there is also a surplus of capacities that can be used to mine digital assets.

The Minister of Finance drew attention to the fact that, thanks to clear and precise legislation in the area of ​​regulation and circulation of digital currencies and mining, this sector is demonstrating good growth rates, which means that the budget will receive additional contributions from market participants.

Anton Siluanov noted that importers and exporters use cryptocurrency wallets, cryptocurrencies for payments, and in the current conditions this is a justified decision.

At the same time, the Minister of Finance warned that cryptocurrencies should not be considered as a source of quick income, as they are high-risk assets.

The official believes that in the current geopolitical realities, when many banks refuse to work with Russian companies, digital assets should be considered a profitable tool for conducting foreign trade transactions in order to circumvent international sanctions.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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