Putin Signs Russian Crypto Bill Into Law

The first two bills on digital assets have been signed into law in Mother Russia….

Putin Signs Russian Crypto Bill Into Law

“The bill, approved by the country’s parliament last week, says companies can issue digital securities on a blockchain if they are properly registered with the Bank of Russia as issuers and satisfy certain criteria.
Decentralized cryptocurrencies are considered a type of property, which should be reported for tax purposes and cannot be used to pay for goods and services.
A more detailed law regulating crypto-related businesses is expected to be passed later this year, although no timeline has been disclosed.”

https://www.coindesk.com/putin-signs-russian-crypto-bill-into-law

Master Asked on August 1, 2020 in Cryptocurrency.
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