Yandex.Money CEO Ivan Glazachev stated that Yandex.Checkout is technically prepared to use bitcoin in payment for purchase and the company is “waiting for green light from the regulator”.

“Regarding cryptocurrencies, we’re in the same stage as in 2000s, when e-wallets were appearing. The market was new then too, activities weren’t regulated, but the groundwork from that time later became the base for market regulations,” Ivan Glazachev said in the interview to Kommersant.ru.

In that context, he expressed readiness to cooperate with regulating bodies both in legal and technological sense, including implementation of pilot programs on the company’s base.

“We’re collaborating with working groups that are discussing cryptocurrency-related ideas. For instance, recently they suggested that operations with cryptocurrencies must be available only for professional players in the market. Essentially, that makes cryptocurrency equal to securities and to those available only for professional players at that. This is one approach.

Another approach is to keep the market open but maintain the “sandpit” regime: if buying and selling is too risky, at least let’s allow paying with cryptocurrency for those who already purchased it. Many people have wallets with cryptocurrency, so let them spend that money, pay with it for various services. That’s the approach we want to explore,” stressed Ivan Glazachev.

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