Russian PM: Eurasian Economic Union needs common approach to cryptocurrencies

 Russian PM: Eurasian Economic Union needs common approach to cryptocurrencies

It will not be right to focus only on national policy towards cryptocurrencies, there is a need for the Eurasian Economic Union (EEU) members to adopt a common approach to this issue, Russia's Prime Minister Dmitry Medvedev said at a forum dubbed 'Digital Agenda in the Era of Globalization' in Almaty.

"What do I have to say concerning cryptoassets? In any case, we should not be focused only on national policy. Our colleagues have just said that cryptocurrencies could be used for payments. Let us pay serious attention to it as our economies are far too closely linked," the Russian prime minister stressed.

"It will be impossible to implement these principles in one country, we should bring our approaches closer together at the Union level," TASS cited him as saying.

Medvedev said that, ideally, international conventions on cryptocurrencies should be drawn up. "Otherwise it all will go in other direction and will not be totally legal," he pointed out.

According to the official, the need to synchronize the efforts that the EEU member states had been making in that field.

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