October 19, 2021

Russians can buy cryptocurrency on foreign exchanges

Russians can buy cryptocurrency on foreign exchanges

The Russian authorities do not plan to prohibit citizens from buying cryptocurrencies on foreign exchanges. This was stated by Deputy Finance Minister Alexei Moiseev, Interfax writes.

Russian citizens will continue to be allowedbuy and use cryptocurrencies outside the country on foreign exchanges without any consequences. The Ministry of Finance does not seek to prohibit Russians from trading cryptocurrencies on foreign platforms.

“Now I can only say that we havesettlements (in cryptocurrency) on the territory of the Russian Federation are prohibited. At the same time, citizens can buy and use wallets outside the Russian Federation. So it will remain so, I think. There are no plans to change anything yet "- said Moiseev.

According to him, regulators will focus on banning the use of digital currencies as a means of payment within the country in order to avoid losing control over the money supply.

“Of course, a Russian citizen can havea wallet is open outside the Russian Federation, but it is operations within the Russian Federation - they will be subject to bans, I think, throughout the foreseeable future, due to the fact that this is financial sovereignty "- added the official.

Trying to clarify the meaning of the position of the Ministry of Finance, Moiseev cited examples of other countries that are familiar to him personally:

“The position now is a ban on operations withcryptocurrencies on the territory of the Russian Federation. In principle, those countries, first of all Sweden, for example, which allowed cryptocurrencies, are now faced with the fact that national currencies are not accepted in a number of organizations. In Stockholm, in some places you will not be able to pay with kroons, you will be required to use cryptocurrency. "

In which institutions in the Swedish capital Moiseev was denied the local currency, he did not specify.

In the Russian Federation, the turnover of digital assets is regulated by the law "On CFA". It recognizes cryptocurrencies as property and prohibits their use to pay for goods and services in the country.

Earlier it became known that the State Duma plans to consider a legislative restriction on investments in crypto assets of unqualified investors.

In September, the Central Bank of the Russian Federation took a similar position. Representatives of the regulator are also discussing the expansion of the ban on the use of cryptocurrencies, up to the introduction of administrative and criminal liability.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Additional features and services - futures, options, staking, NFT marketplace.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade - the average number of points for all indicators, determines the place in the rating.

Russians can buy cryptocurrency on foreign exchanges

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