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Russian tax authority proposes using crypto as a foreign trade payment tool

Cryptocurrency10 minutes ago (Apr 20, 2022 09:40AM ET)

Russian tax authority proposes using crypto as a foreign trade payment tool Russian tax authority proposes using crypto as a foreign trade payment tool

Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally.

On April 20, local newspaper Izvestia reported that the FTS left its official feedback on the draft of the crypto bill prepared by the Ministry of Finance. In its remarks, the fiscal agency proposed to let Russian companies use crypto for certain operations:

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