Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door f...
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms operating with digital assets. Russian Citizens Who Don’t Pass Test to Buy Only $600 Worth of Crypto Annually The Ministry of Finance of Russia recently submitted to the government an updated version of its bill “On Digital Currency” designed to....
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Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto wallets beyond its borders. Russians Can Purchase Cryptocurrencies on Foreign Exchanges Unlike the Chinese government, authorities in Moscow do not intend to impose restrictions on the purchase of cryptocurrency on digital asset exchanges based abroad, a statement by Russia’s deputy minister of....
A new survey hints at a lack of crypto awareness in Russia as only 6% of respondents were found to have good knowledge of crypto. Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to a new survey.Switzerland-based cryptocurrency wallet provider Tangem has conducted a poll to learn more about cryptocurrency investors in Russia, local news agency Kommersant reported on Thursday. As many as 72% of the 2,100 respondents in the survey claimed that they have never bought cryptocurrencies like....
Russians own 16.5 trillion rubles ($214 billion) in crypto, according to government figures. Given the lack of clarity in the country’s crypto legislation, estimates are expected to be conservative. Russians Hold 12% Of Global Crypto Report from government estimates show that Russians own 16.5 trillion rubles ($214 billion) in cryptocurrencies. According to Bloomberg, Russians own […]
Regulatory policies are forming across many states in the U.S. concerning digital currencies. This week in North Dakota a bitcoin-related bill was unsuccessful moving forward during the state’s House of Representatives vote for Bill 2100. North Dakota’s Bitcoin Bill. Last year North Dakota’s Business and Labor Committee created Bill 2100 in order to....
Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator.
US Concerned About Risks From El Salvador’s Bitcoin Law
The U.S. Senate Committee on Foreign Relations announced Wednesday that Senators Jim Risch (R-Idaho), Bob Menendez (D-N.J.), and Bill Cassidy (R-La.) have introduced a bill titled the ‘‘Accountability for....