Russian Government Set to Launch Bill that Calls Bitcoin & Crypto a Currency Analogue


Source: Adobe/3dmitry

 

The Russian cabinet has reportedly thrashed out an agreement with the Central Bank on the matter of cryptoassets. Widespread media reports from the likes of Kommersant, as well as CNet explained that the agreement would see a draft law rolled out by February 18.

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Although the draft document will reportedly see a slew of tight restrictions imposed on crypto ownership and circulation – with crypto exchanges brought under a strict regulatory umbrella – the document is set to define crypto as a type of “currency analog,” instead of a “digital financial asset.”

 

More details to follow
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Learn more: 
– Russia Plans Up To USD 13.3B In Crypto Taxes
– 2022 Crypto Regulation Trends: Focus on DeFi, Stablecoins, NFTs, and More

Related:  Thailand Readies Itself For Digital Economy, Removes Crypto Transfers From VAT Till End Of 2023

– Putin Talks up Russia’s Crypto Credentials as Ukraine Tension Mount
– BitMEX Boss: El Salvador-style Bitcoin Adoption on the Cards for 5 More Nations


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