New Russian bill on cryptocurrency mining to legalize cross-border crypto payments.
A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well.Russian lawmakers will review a new legislative proposal for the legalization of cryptocurrency mining, which has seen significantover the past few years.
“We have introduced a bill that legalizes mining, that is the issuance and circulation of cryptocurrencies. But cryptocurrencies can only be employed as a means of payment outside of our country, in foreign jurisdictions,” Aksakov explained, also quoted by RBC Crypto. In experimental mode, the digital assets may also be used to pay forThis is a step that speaks of a new direction in the development of financial markets in our country.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine live updates: Russia suspends its participation in grain dealBREAKING: The Russian Defense Ministry announced that Russia is suspending its participation in the execution of agreements on the export of grain from Ukrainian ports, according to Russian news agency Interfax.
Read more »
Russia-Ukraine live updates: Moscow threatens to target US satellitesA warehouse run by volunteers, in an undisclosed location in Kyiv, is supplying Ukrainian soldiers on the frontlines with essentials like body armor and med kits. TSoufiBurridge is on the ground with more.
Read more »
Crisis-stricken Cuba torn between ally Russia, neighbor U.S.HAVANA (AP) — When Hurricane Ian tore through western Cuba in late September, causing an island-wide blackout, it left the government grappling with a deepening energy crisis and simmering discontent among Cubans.
Read more »
World Anti-Doping Agency warns Russia to resolve case for ice skater Kamila ValievaThe World Anti-Doping Agency sends a warning to Russia to resolve the ongoing doping case for teenage ice skating phenomenon Kamila Valieva, who tested positive for a banned substance ahead of the 2022 Winter Olympics.
Read more »
White House says US would respond if Russia targets commercial satellitesA potentially dangerous back-and-forth has begun.
Read more »