Anatoly Popov, the Deputy Chairman of the Board of Directors at Sberbank, stated to reporters that the bank supports the initiative to establish a regulated cryptocurrency market.
He described the proposal as a step in the right direction that will ease the circulation of digital currencies, including those tied to mining legalization.
Moreover, Popov noted that the plan could form a foundation for using digital currencies in foreign economic activities, potentially broadening international payment options.
Popov added that Sberbank has already shared its preferences with the Central Bank concerning the parameters of the experimental legal regime and will remain actively involved in its ongoing development.
Earlier reports indicated that lawmakers approved the possibility of experimental exchange trading in cryptocurrency. The bill also accommodates digital currency trading.
Current regulations restrict the use of cryptocurrencies as a means of payment for goods, services, or work. The proposed amendments would permit digital currencies to be used for payments in foreign trade activities within an experimental legal framework.