CEO of Russian Federal Bank: Cryptocurrency is currently prohibited as a payment method in Russia

Herman Gref, CEO of Sberbank, said that the use of cryptocurrencies as a payment method within Russia is currently prohibited by law and is unlikely to be allowed in the near future. Gref clarified at a conference in Moscow that while Russia's new legislation allows the use of digital currencies and cryptocurrencies for international payments, their use within the country is still restricted. He also noted that the Russian central bank digital currency (CBDC) - the digital ruble could be used for global transactions if other countries are willing to accept it. As Russia's largest bank and state-owned financial institution, Sberbank is closely following these developments, although Gref expressed uncertainty about the adoption of the digital ruble abroad. (Bitcoin.com)