Russia to legalize crypto payments for contracts

Russia to legalize crypto payments for contracts

The State Duma, the lower house of Russia’s parliament, is preparing a legislation that will enable crypto payments in a contractual setting. According to officials, there is wide-spread consensus that crypto is a viable payment method for transactions among parties to a contract.
 
According to bitcoin.com, the chairman of the Committee on Legislation, Pavel Krasheninnikov, stated the following, demonstrating consensual support of the State Duma, with remaining hesitation to elevate decentralized digital money to the same level as fiat.
 
PavelWe believes that it is necessary to make amendments to the Civil Code. Now we are in the appropriate approval procedure but there is an understanding that digital monetary units, as they have been called, can be a contractual means of payment
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