Russia's September 1 Crypto Ban Exceptions Announced for Miners and Central Bank Projects
Monday, 29 April 2024, 05:09
Russia to Enforce Crypto Ban, Exempting Miners and Central Bank Projects
Starting September 1, Russia will enforce a strict ban on the general circulation of non-Russian crypto assets to reinforce the ruble's position.
Why Russia Wants to Ban Crypto?
- Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, leads the initiative to restrict non-Russian crypto operations.
- Artem Kiryanov, Deputy Chairman of the State Duma Committee on Economic Policy, stresses the importance of precise regulations in the digital code for cryptocurrency.
These discussions hint at a deeper understanding of the potential role of cryptocurrencies in global finance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.