CBR

Recently, the adoption of Russia’s major crypto law known as “On Digital Financial Assets” got finalized. Nevertheless, according to reports, Anatoly Askakov, the chairman of the Russian State Duma Committee on financial markets, said that the bill wouldn’t get adopted before the end of spring of 2020 due to the Covid-19 pandemic. Askakov claimed that the previous delays in the bill’s adoption occurred because of the disagreement on the new asset type between local authorities. He highlighted that the central…

The Russian government could soon create regulatory sandboxes for companies working on cutting-edge technologies like artificial intelligence and distributed ledgers. A Russian Federal Ministry has initiated legislation that would legalize crypto and its underlying blockchain technology within a particular regulatory jurisdiction. Local news reports say that the Ministry of Economic Development has assembled a draft law that will allow the testing of crypto and blockchain development within unique 'regulatory sandboxes.' A few days ago, the draft was introduced to the…

Russia has been uncertain about crypto regulation in the country for so many years. The country has not yet finalized its major crypto legislation, known as ‘On Digital Financial Assets’. Senior Russian official warns that a pending bill on digital assets will include a ban on crypto.  The ban comes as a huge blow for cryptocurrency enthusiasts looking to capitalize on resurging BTC prices.  Meanwhile, the Bank of Russia is prioritizing a pilot tokenization project to rival traditional digital assets. …