Post
Topic
Board Legal
Re: Russia to Allow Cryptocurrencies for “Contractual” Payments
by
Theb
on 03/06/2021, 15:43:17 UTC
I was wondering what is the update regarding this one since from what I have seen before Russia still has a pending bill for cryptocurrencies as a means of payment and they have a separate bill for crypto mining in their country but I haven't seen any latest update regarding the bill/s if there are any new developments for it. The bill for crypto payments revolves heavily around the declaration of their citizens regarding their crypto holdings and other requirements that will surveil the industry.

"can be used" and "will be used" in the Russian sense are very distant things.

Cryptocurrencies in Russia from what I have seen is very popular in that country but not in a good way from what I have seen a lot of HYIP sites are pointing Russia as both the creators as well as the main users of it and maybe this is one of the reasons why they are creating a bill to heavily regulate it.