Alexander Konovalov, a prominent lawyer and Russia’s Minister of Justice, has confirmed that the Russian Federation’s constitution and laws regulating the nation’s traditional financial system “categorically prohibit the use of the cryptocurrency as a means of payment.” Konovalov’s remarks came during the government hour which is a meeting regularly held in the country’s Federation Council. According to local news outlet Tass, a proper regulatory framework for digital assets may not be introduced anytime soon.
