Russia's finance ministry has drafted a law that criminalizes the use of encrypted money instead of money. Russia's Banks and finance ministries have previously opposed the use of encryption in this way, arguing that only the rouble in Russia could be used to pay for goods and services.


Russian commercial radio added that the ministry of finance was responsible for arranging, issuing and accepting money substitutes, even crimes, related to the use of cryptocurrency payments.


Moiseev further clarified that the text of the bill on currency alternatives was not exclusively used to encrypt money, and the constitution provided that only the Russian rouble could be used to pay for goods and services.


Although "currency substitutes are not allowed to", but according to interfax news agency reported that law is not punishment for violations of the specific: "the consequences of violation of this principle for many years has not been reflected. The Treasury has decided to fill the gap. "