Russian alcohol producer targets cryptocurrencies

Importer and manufacturer of alcoholic beverages Ladoga is interested in using cryptocurrencies for its business. This is written by “Izvestia” with reference to the president of the company Veniamin Grabar.

According to him, payments in cryptocurrency “undoubtedly” would simplify settlements “with our foreign partners.” However, while the supplier of alcoholic beverages is not in a hurry to make decisions due to the lack of a clear legal framework regarding the turnover of cryptocurrencies in the country.

“While we are working in the old way, payments take a long time, and sometimes they do not reach at all, they return,” Grabar said.

At the same time, he assured that the company does not face sanctions from foreign sellers themselves. Earlier, the editors wrote that the prosecutor’s office of St. Petersburg achieved the recognition of cryptocurrency as the subject of theft two years after the crime. Previously, the judge argued that from the point of view of the law, cryptocurrency cannot be the subject of theft, because it is not a means of payment in Russia.

Meanwhile, the Central Bank of Russia reduced the key rate by 300 basis points to 11% per annum. The decision was made at an extraordinary meeting on May 26. In a press release, the regulator reports that external economic conditions remain difficult for the country, but the risks to financial stability have somewhat decreased, allowing the Central Bank to relax capital controls.

Recall that according to the law “On Digital Financial Assets” from January 1, 2021, all transactions with cryptocurrency assets in Russia are legalized, but the use of cryptocurrencies as a means of payment is prohibited.

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