Vladimir Putin, President, Russia, has signed a law which essentially bans digital security and utility token payments across the nation. This law was approved by the Russian Assembly (Duma) on July 8, 2022, and it adds to a previous Russian law formed in 2020 to ban cryptocurrencies being used to...
Russian President Vladimir Putin today signed into law a national ban on using digital assets for payments. The action comes as the Russian government and central bank have long debated what to do about cryptocurrency. Back in February, Russia's Finance Ministry submitted a draft of cryptocurrency regulations to the government which,...
Russian President Vladimir Putin signed a law on July 14 that bans the use of cryptocurrencies as a means of payment, local news media RBC reported.The ban applies to the use of digital financial assets (DFAs) and utilitarian digital rights (UDRs), which refers to tokens that offer the right to...
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary surrogates.” President Putin Approves Legislation Banning Digital Asset Payments in Russian...
