Russian crypto lobby group appeals to finance ministry to soften legislation
A crypto advocate group in Russia is lobbying for more friendly federal crypto law. Major cryptocurrency advocates in Russia are opposing the government’s stringent approach to regulating the crypto industry.The Committee on Blockchain Technologies and Cryptoeconomics, whose ranks include executives from major crypto exchanges Binance and OKEx, has called on the state to soften regulations that could potentially harm the crypto industry.The committee told Cointelegraph on Dec. 9 that its members have sent their feedback to the Ministry of Finance regarding a new bill on the taxation of....
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The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills. Russian Ministry of Finance to Open Consultations on New Crypto Legislation Russia’s finance ministry has started drafting two new bills to comprehensively regulate cryptocurrencies and related activities in the country. The treasury department proposes a new law “On Digital....
Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed.
According to Russian crypto advocates, the existing laws “do not meet the needs” of the cryptocurrency market. A group of Russian lobbyists led by the law firm Digital Rights Center has launched a new campaign against regulatory initiatives that they feel are impeding cryptocurrency adoption in the country.The group has created a platform designed to help resist the adoption of laws that hamper the turnover of cryptocurrencies and digital assets in Russia, Digital Rights Center announced Tuesday. Other founding members of the initiative include the Commission on Blockchain Technologies and....
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency payments, in terms of international transactions, are seen by the authorities in Moscow as an alternative option for small private business contracts, but this will not affect Russian oil deliveries. The....
Russian Ministry of Finance now “advises” using cryptocurrencies as legal tender? That sounds like an old story. Crypto journalists have reported that the Russian Ministry of Finance pushes for tokens to be treated as legal tender. However, there’s no evidence whatsoever to back up these claims. Related Readings | Russia To Legalize Crypto Payments, But Proposal […]