Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments

Yusra3

VIP Contributor
The Ministry of Finance of the Russian Federation has introduced to the central government in Moscow regulation custom-made to fill the administrative holes in the country's crypto space, staying after last year's implementation of the law "On Digital Financial Assets." According to a declaration distributed for the current week, the draft regulation "On Digital Currency" has been recorded with the White House on Friday, Feb. 18.

The Treasury Department and the Central Bank of Russia (CBR) were entrusted by the public authority to foster the new lawful structure together. In any case, as the two foundations have upheld contradicting approaches, last week the service recommended the reception of two regulations to direct the crypto market while media reports uncovered the financial authority had been working at its own bills to carry out its proposition for a wide-going prohibition on crypto activities.
 

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