Has the guy finally figured it out? Treating cryptocurrencies as foreign exchange assets—this script feels a bit familiar.

According to Russia’s TASS news agency, Ivan Chebeskov, Deputy Minister of Finance of Russia, said at the “Russian Digital Financial System” conference that the Ministry of Finance and the Bank of Russia plan to complete revisions to the cryptocurrency market regulatory bill at the beginning of next week in order to submit it to the State Duma for a second reading. Under the regulatory concept framework previously set by the central bank, digital currencies and stablecoins will be considered foreign exchange assets.