Russia’s State Duma will discuss a reform to the country’s Digital Financial Assets Law that includes the creation of a state-owned crypto exchange. It also ratifies a ban on Bitcoin and other cryptocurrencies as a means of payment.
The amendments to the law regulating cryptocurrency trading operations are contained in a draft. It will soon be discussed by the Russian parliament. If approved, it would be sent to the central bank and the government, according to a report by local media Vedomosti.
Additionally, Russian lawmakers have held talks with representatives of major companies linked to decentralized finance. The purpose of these talks was to discuss the “necessary changes” to the legislation.
State Control of the Market
"It makes no sense to say that cryptocurrencies don't exist, but the problem is that they circulate in a big stream outside of government regulation," said Sergey...
