The Ministry of Finance has said that bitcoin in Russia may equate to foreign currency.

On the position of the Ministry on the use of bitcoin told the "Russian newspaper" the Deputy Finance Minister of Russia Alexei Moiseev.

What is the fate of the bill criminalizing the use of bitcoin and other cryptocurrencies?

Alexei Moiseev: the Bill continues to be developed. Our goal is to eliminate treatment of cryptocurrencies in Russia. According to the Constitution, the only currency in the country is the ruble. The only Issuer is the Bank of Russia. Thus, the issue of any other currency is becoming illegal.

Another thing is that we want to develop a technology called "the blockchain", which is based on bitcoin. It is needed for data storage. For example, we have an experiment is currently underway on implementation of technology blockchain while storing information about the securities.

But blockchain technology" works that bitcoin always arise when it is used as by-products. And it is clear that we should exclude responsibility for the issuing of bitcoins operators have data in a situation that they had no risk of punishment.

It is possible to draw an analogy with bitcoin and foreign currencies? In Russia the use of the latter is limited.

Alexei Moiseev: Yes, usage is limited to issue of foreign money in Russia is impossible. But currency you can buy to put in your pocket and go abroad.

Can the Russians to get, say, a plastic card with bitcoin and pay them in the country where they are enabled? Why not. Therefore, the bill we now Refine specific wording that this kind of transaction on purchase cryptocurrency with the purpose of their use outside Russia, as well as the sale of bitcoins abroad for profit was possible.

When the bill of bitcoins in an updated form will be submitted to the state Duma?

What do you think about this? Leave your comments and follow us