The Russian Ministry of Finance drafted a bill to legalize the trade of cryptocurrencies on approved trade, according to a local media reportage. Deputy Finance Minister Alexei Moisev said the government is seeking greater oversight. He said:

"It is the fact that the purchase and sale [of cryptocurrencies] will be somehow standardized, the general idea being that it will be necessary to buy and sell on the official markets, as being declared, it will be legalized. "

The news may surprise, especially given the recent rhetoric of the others Russian officials in recent months, but Moiseev has always argued that Bitcoin

The bill would allow more open trade in cryptocurrency and investment in Russia, while others countries have begun to issue declarations legalizing or prohibiting cryptocurrencies.

The Ministry of Finance Moiseev indicated that the trade issue is still "unresolved", but the overall legalization is now "more or less clear".

In the industry, the Russian addition of legalized cryptocurrencies is the first among many others, as Blockchain and cryptocurrencies continue to remove the boundaries between the parties thanks to trusted networks. Carl Bennetts, co-founder of Status, told Cointelegraph: