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 Currency” and a bill to amend other legislative acts in connection with it.
According to the Russian federal portal for draft regulatory acts, the texts are yet to be published. Then consultations will commence and continue until March 18, the business news outlet RBC reported. The announcement comes after earlier this month the Ministry of Finance and the Central Bank of Russia were tasked with preparing new cryp

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