Russian lawmakers make it clear: Bitcoin will never become a legal means of payment

According to TechFlow, on December 17, Dlnews reported that Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, recently made it clear to RIA Novosti that bitcoin and ethereum will never become legal means of payment in Russia. He emphasized: "We must understand that cryptocurrencies will never become currency in Russia. Cryptocurrencies can only be used as investment tools. When payment is required, only rubles must be used."

Although the Central Bank of Russia has consistently opposed cryptocurrencies, the government seems to be shifting towards regulation rather than an outright ban. President Putin has acknowledged the growth of the cryptocurrency mining industry, and there are reports that Russian companies have used cryptocurrencies for cross-border trade worth billions of dollars.