By using Cryptologi.st you are agreeing to our terms and conditions. While Cryptologi.st provide unique charts and comprehensive information, this is not investment advice and you need to do your own research.
Join 5,000+ investors for free!
According to local news reports, authorities in Russia reached an agreement and recognised digital assets such as Bitcoin and Ethereum as a form of currency. Cryptocurrencies would only operate in the legal industry, and they should be identified completely through the banking system or licensed intermediaries. As a result, Russia may be one of the latest countries that accepts cryptocurrency as a form of currency.
According to the Kommersant reports, “Bitcoin (BTC) transactions and possession of cryptocurrency in the Russian Federation are not prohibited; however, they must be done through a “digital currency exchange organiser” (a bank) or a peer-to-peer exchange licensed in the country.”
The Russian Government and Central Bank are running a new draft bill to create a framework in the case of cryptocurrency. According to this draft:
The full draft law will be made public by February 18, 2022.
In the last 2 to 3 months, a lot of news was published about the decisions of Russian government officials against the crypto industry to introduce crypto ban laws and prohibit cryptocurrency trading. Although the President of Russia was against crypto, they have now changed their minds and considered Bitcoin their winning ticket in the economy. By accepting cryptocurrencies, Russia is making headlines in the crypto world. Keep an eye on Cryptologi.st for more hot news!
Related News
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation, or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation, and legal advice.
© 2022 - Created by Cryptologi.st