The Central Bank of Russia meets with finance reps to discuss bitcoin

Regulation | June 16, 2015 By:

The Central Bank of Russia will meet with representatives from the country’s financial markets to discuss bitcoin regulation, says Izvestia, a prominent Moscow-based news outlet.

“The central bank’s stance on cryptocurrencies has changed over the last year. The source admitted that the central Bank may authorise and regulate bitcoin – in particular, carrying out transfers and payments to individuals and interconnect them,” according to the article.

The meeting follows on from statements by The Ministry of the Interior of the Russian Federation (MVD) concerning bitcoin regulation in February.

The domestic agency, responsible for establishing government policy and regulation, suggested it would defer the decision to the central bank prior to taking any policy action.