Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Russia Legalizing Bitcoin A Matter of Time, Says Minister of Industry And Trade

written by

Russia Legalizing Bitcoin

Support free journalists: > send a tip

Bitcoin may be legalized in Russia. This opinion was expressed by Russian Minister of Industry and Trade Denis Manturov during the educational marathon “New Horizons” organized by the “Znanie” society.

  • The legalization of bitcoin as a means of payment is only a matter of time according to the Russian minister of industry and trade.
  • The minister said the process of legalization will happen and it’s a matter of regulation.
  • Russian regulatory agencies have danced around the concepts of legalization and bans for years.

Is Bitcoin legal in Russia? There is still no definite answer though promising statements were heard this week: “I believe that yes. (…) The question is when it will happen, how it will happen and how it will be regulated. Both the Central Bank and the government are actively pursuing this right now. But everyone tends to understand that this is the trend of the time, and sooner or later, in one format or another, it will be implemented. But, once again – it must be legal, correct, in accordance with the rules that will be formulated,” the minister said.

Russian authorities are currently debating the future of bitcoin and mining in the country. The Bank of Russia insisted on a complete ban on bitcoin, considering it a threat to the Russian financial system. The Ministry of Finance believes that circulation of bitcoin in Russia should be regulated and taxed rather than banned. Deputy Head of Ministry of Energy made clear that it is impossible to cut off electricity for people mining bitcoin.

In February, the government approved the concept of regulation of circulation of digital currencies, which was based on the proposals of the Ministry of Finance. In the same month, the Ministry of Finance submitted a corresponding bill to the government.

The Ministry of Finance expects that legislative regulation of the bitcoin sphere in Russia will be introduced as early as this year. The Ministry is also working on the issue of taxation of income from cryptocurrencies.

In April, Prime Minister Mikhail Mishustin said that he opposed the recognition of bitcoin as a means of payment.

Enjoyed the article?

100% of your tips go directly to [email protected]
Need a wallet? Get it here

⚡️ Tip The Author

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter