Russia's Finance Minister, Anton Siluanov, opposes outright crypto bans, opting for regulation instead.

Siluanov stresses the need to explore crypto's utility in both domestic and international settlements.

Ongoing discussions center around the role of cryptocurrency mining in financial transactions.

Governmental bodies lean towards leveraging crypto for external payments while ensuring regulatory oversight.

The dialogue signals Russia's nuanced approach, balancing innovation with fiscal control in the cryptocurrency sector.