Work continues in Russia to adopt crypto regulations despite military crisis in Ukraine.
The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions.Attempts to legalize and regulate operations with cryptocurrencies are ongoing in Russia, despite the situation surrounding the military assault the Kremlin launched in neighboring Ukraine. An expert council supporting the crypto regulatoryat the State Duma, the lower house of parliament, is meeting today to review new legislation.
by the Ministry of Finance and reflects its concept on the matter. Unlike the Central Bank of Russia, the treasury department favors legalizing the industry under strict rules. Its approach has been backed by the federal government and other institutions. Bitnalog, a portal advising Russians on how to pay their taxes on crypto incomes and profits, has published an announcement by the Duma on Telegram about the upcoming meeting. It was originally supposed to take place on Friday, but the outlet later updated subscribers to its channel that it has been rescheduled for Saturday, March 5.a blanket ban on most crypto-related activities, including use in payments, trading, and mining of digital currencies in the Russian Federation.
The renewed push to fill regulatory gaps remaining after the law “On Digital Financial Assets” went into force last year, comes amid
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