Russia is one step closer to Bitcoin adoption as finance ministry finalizes crypto bill.
The Ministry of Finance of Russia finalized a draft bill named “On Digital Currency” and has sent it to the Russian government for approval to be passed as law. The draft of the federal law clarifies regulations related to the trading and mining of cryptocurrencies.the amendment and finalization of an impending crypto bill, which provides regulatory clarity related to the circulation, issuance, trading, mining and other activities within the crypto market.
BREAKING: The Russian government and central bank have just reached an agreement on cryptocurrencies, according to Russia's Kommersant.Binance CEO Changpeng Zhao was also one of the first to acknowledge the move, given the numerous sanctions currently levied against the nation. The buzz around Russia legalizing crypto was sparked by a report from local Russian daily newspaper Kommersant, whogot their hands on the authentic final version of the draft law. According to the local media, the bill recommended accepting digital currency"as a means of payment that is not the monetary unit of the Russian Federation," which is yet to be passed as law by the Russian government.
Kommersant’s report also highlighted that the bill recommends building a regulatory framework for crypto-related activities while sharing the groundwork for registered operators.
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