Bookmarking Crypto Insights
Auto Added by WPeMatico
Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft Law ‘On Digital Currency’ to Regulate Crypto Turnover in Russia … Read more
As the public standoff between the two agencies approaches fever pitch, the Ministry of Finance makes a formal move. Go to Source Powered by WPeMatico
Another tentative deadline for the Finance Ministry and central bank to reach a compromise passes as an expected bill does not arrive. Go to Source Powered by WPeMatico
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills. Russian Ministry of Finance to Open Consultations on New … Read more
The Ministry of Finance is seeking industry and public input on how to regulate digital assets by March 18. Go to Source Powered by WPeMatico
Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses, and the Russian state. Digital Ruble Transactions Carried Out by Commercial Banks and Bank … Read more
Bank of Russia governor Elvira Nabiullina previously argued that banning Bitcoin in Russia was “quite doable.” Go to Source Powered by WPeMatico
The Bank of Russia reports on the first digital ruble tests as planned but continues to fight against Bitcoin adoption. Go to Source Powered by WPeMatico
Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared or be considered a criminal act. Go to Source Powered by WPeMatico
The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in place. Go to Source Powered by WPeMatico
