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03.03.2022
THE RF MINISTRY OF FINANCE HAS REVEALED THE DETAILS OF THE DRAFT LAW, SUBMITTED TO THE GOVERNMENT, ON THE REGULATION OF CRYPTOCURRENCIES
It is reported that last week the Ministry of Finance of Russia submitted to the Government of the Russian Federation a draft law on the regulation of cryptocurrencies.
Among the key provisions of the draft law are, in particular, the following:
- The use of digital currencies as a payment instrument on the territory of the Russian Federation will continue to be prohibited. Digital currencies are considered solely as an investment tool.
- Exchanges and operators that can carry out the organisation of the circulation of digital currencies will be included in a special register. The activities of such companies will be licensed. Foreign cryptocurrency exchanges will have to register in Russia to obtain a licence.
 

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