By Bitcoin.цом - пре 2 године - Време читања: 2 минута
Russia Proceeds With Efforts to Legalize Crypto Amid Sanctions Over Ukraine
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions.
Expert Council Meets in Russia to Discuss Law ‘On Digital Currency’
Attempts to legalize and regulate operations with cryptocurrencies are ongoing in Russia, despite the situation surrounding the military assault the Kremlin launched in neighboring Ukraine. An expert council supporting the crypto regulatory радна група at the State Duma, the lower house of parliament, is meeting today to review new legislation.
The members of the body will hold discussions on the draft law “On Digital Currency.” The bill was субмиттед by the Ministry of Finance and reflects its concept on the matter. Unlike the Central Bank of Russia, the treasury department favors legalizing the industry under strict rules. Its approach has been backed by the federal government and other institutions.
Bitnalog, a portal advising Russians on how to pay their taxes on crypto incomes and profits, has published an announcement by the Duma on Telegram about the upcoming meeting. It was originally supposed to take place on Friday, but the outlet later updated subscribers to its channel that it has been rescheduled for Saturday, March 5.
In January, Bank of Russia предложено a blanket ban on most crypto-related activities, including use in payments, trading, and mining of digital currencies in the Russian Federation. The experts will now try to address its concerns, including highlighted risks for the country’s financial stability and the need to protect investors.
The renewed push to fill regulatory gaps remaining after the law “On Digital Financial Assets” went into force last year, comes amid упозорења that Russia might try to use cryptocurrencies to circumvent international sanctions. These include протеривање of Russian banks from СВИФТ- ограничавајући access to cryptocurrency platforms for Russian users.
Meanwhile, Ukraine itself has been increasingly relying on cryptocurrencies to fund its defense efforts and solve humanitarian problems. Millions in digital assets have been донирао to the government in Kyiv and volunteer groups. Shortly before hostilities began, the Ukrainian parliament adopted a law “On Virtual Assets” to regulate the country’s crypto space.
Можете подржати украјинске породице, децу, избеглице и расељена лица тако што ћете донирати БТЦ, ЕТХ и БНБ за Binance Хуманитарни фонд за хитну помоћ Украјини.
Do you think Russia will accelerate the legalization of cryptocurrencies amid financial sanctions? Share your expectations in the comments section below.
Изворни извор: BitcoinСа.