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Russia

24 Dec 22

Policymakers in Russia postpone debating cryptocurrency mining bill

The Russian Parliament is delaying the passing of the recently proposed crypto mining bill, citing capital flight risks. Regulation on crypto mining stalled over capital flight fears Despite initial manifestations to the contrary, Russian legislators will consider drafting the law on virtual currency mining in 2023 rather than in December 2022. As a result […]

Russias Former President Dmitry Medvedev Banning Crypto May Lead to the Opposite Result

23 Dec 22

Russia to legalize crypto for international trade

Russian officials announced that the country will legalize the use of cryptocurrency for international trade in January 2023 in a move to circumvent the Western sanctions. The congressional finance committee chairman, Anatoly Aksakov, said that although bitcoin (BTC) and cryptocurrency will be permitted for international trade, their use as a means of payment within the […]