Use of cryptocurrencies as a means of payment in Russia is not yet possible — Sberbank CEO

Business & Economy November 13, 12:50

Herman Gref also stressed that the new legislation allows the use of digital currencies, cryptocurrencies for international payments, but as for the digital ruble, other countries need to be ready to accept it

MOSCOW, November 13. /TASS/. Using cryptocurrencies as a means of payment in Russia is not yet possible, Sberbank CEO Herman Gref said at the conference "FI day. Blockchain: on the edge of a new financial era."

"Is it possible to use cryptocurrencies as such for internal transactions? I think it is not, this is not yet permitted by law. I do not see any prospects for this to be permitted in the near future," he noted.

Gref also stressed that the new legislation allows the use of digital currencies, cryptocurrencies for international payments, but as for the digital ruble, other countries need to be ready to accept it.

"So far, I know that such work is being done, but I cannot say anything about the prospects," he said.

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