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The Federal Tax Service (FTS) of Russia proposed to the Ministry of Finance to allow Russian companies to settle export\u2013import operations in cryptocurrencies. This is reported by \u00ab\u0418\u0437\u0432\u0435\u0441\u0442\u0438\u044f\u00bb<\/a>.<\/p>\n \\n\\n\\n\\n<\/p>\n The initiative was outlined by the FTS in comments to the bill ‘On Digital Currency’<\/a>. Despite numerous disagreements over cryptocurrency regulation, the Ministry of Finance and the Central Bank are in agreement<\/a> that they cannot be used as a means of settlement.<\/p>\n \\n\\n\\n\\n<\/p>\n The FTS proposes an exception for business and to amend the draft law with the following provision:<\/p>\n \\n\\n\\n\\n<\/p>\n \u201cLegal entities may make payments for goods, works, and services under foreign-trade contracts and receive proceeds from foreign entities in digital currency.\u201d<\/p>\n<\/blockquote>\n \\n\\n\\n\\n<\/p>\n Purchasing and selling cryptocurrencies for rubles should be conducted only through exchanges, the FTS stressed.<\/p>\n \\n\\n\\n\\n<\/p>\n In the Ministry of Finance, the initiative was partially supported, noting that it requires further discussion.<\/p>\n \\n\\n\\n\\n<\/p>\n The idea to use cryptocurrencies in settlements with African currencies<\/a> was raised at the Russian Chamber of Commerce and Industry.<\/p>\n \\n\\n\\n\\n<\/p>\n Recall that the bill ‘On Digital Currency’<\/a> provides for conducting operations with cryptocurrencies through Russian banks, the identification of crypto-wallet holders and the division of investors by qualifications. <\/p>\n \\n\\n\\n\\n<\/p>\n In April the Ministry of Finance changed the terminology<\/a> of the document.<\/p>\n \\n\\n\\n\\n<\/p>\n\n