Anatoly Aksakov, Chairman of the Financial Market Committee of the Russian State Duma, stated that payments within Russia must be made in rubles, and cryptocurrencies such as Bitcoin and Ethereum will never become Russian currency, but can only be used as investment tools. The legislature supports the central bank's opposition to individuals and businesses using cryptocurrencies for payments. Russia banned the use of cryptocurrencies as a means of payment within its borders as early as 2020. (DL News)
Russia: Cryptocurrencies such as Bitcoin and Ethereum will never become Russian currency; they will only be used as investment tools.
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