Russian lawmakers closer to finalizing cryptos regulations

Europe Regulations Russia

According to Alexei Moiseev, Russian deputy finance minister, a long-lasting conflict between the country’s Ministry of Finance and Central Bank over the contents of a new cryptocurrencies law, has been resolved, with the Central Bank’s opinion taking precedent.

As revealed to the news agency RIA, Bank of Russia will consider allowing investors to exchange ICO tokens for fiat currencies – an issue at the core of the previous disagreement with the MOF. 

Furthermore, crypto-to-crypto trading will potentially be banned. 

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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