Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets.
Draft Law Banning Use of Cryptocurrency for Payments Submitted to Russian Parliament
Russian lawmakers will review a new bill imposing a ban on the use of digital financial assets, a legal term currently encompassing cryptocurrencies, and utilitarian digital rights, or tokens, as a means of payment in Russia. The document has been submitted to the State Duma by the Chairman of the Financial Market Committee Anatoly Aksakov, the crypto news outlet Forklog reported.
According to the legislature’s information portal, following the draft’s approval by the committee, the members of the lower house are expected to vote on the legislation on first reading in mid-June. If adopted by the deputies, the law will explicitly prohibit...
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