Russian Ministry of Finance: Anti-Bitcoin Law ‘Will Finally Be Passed This Year’

Speaking at the All-Russian Banking Conference, Deputy Minister of Finance Alexey Moiseev stated that the bill proposing penalties for using “monetary surrogates” will finally become law this year.

Looming Ban

According to RIA Novosti, Russia’s Ministry of Finance is expected to take measures sometime this year against the usage of monetary surrogates (such as Bitcoin), as stated by the Deputy Minister of Finance Alexey Moiseev at the All-Russian Banking Conference.

Deputy Minister of Finance Alexey Moiseev

The Deputy Minister of Finance stated:

“The law, which provides measures for penalizing the usage of monetary surrogates, will finally be passed this year.”

Last year, the Ministry of Finance proposed to penalize users of “monetary surrogates” including Bitcoin. However, there appears to be a rift, as the country’s Ministry of Economic Development did not react positively to the Ministry of Finance’s proposed bill. Back when the bill was first introduced, Sergey Belyakov, Deputy Minister of Economic Development of the Russian Federation, said that he is “open to any new ideas related to payment system,” adding that he didn&rsquo