Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

“digital assets payment ban” bill introduces in the Russian parliament

Russia legal cryptocurency

Russian legislators seek to bring a clear vision for the Russian crypto community that they don’t want to give room for crypto adoption at that level where crypto circulation possible.

Russia is a technology adoptive country but the stance of the Russian government toward crypto is not clear. On 1 January 2021, the Russian government introduced a crypto bill to allow the citizens to trade with crypto assets legally with the provisions to prohibit the use of cryptocurrencies in payment methods. But in late 2021, the Russian Central Bank proposed an idea to ban cryptocurrencies. 

In recent months, Russian legislators worked to bring possible ways to bring better laws and legislative ways to bring the use of crypto in the payment system for Russian international trade activities.

After lots of work, on 7 June, the head of the Financial Markets Committee of the Russian parliament’s lower chamber, Anatoliy Aksakov, introduced a bill “digital financial actives” (DFA) to pay for any kind of goods or services” to bring clarity on the clear use of cryptocurrencies.

The Introduced bill took the reference to the existing crypto bill of Russia, which strictly prohibits the use of cryptocurrencies in the payment system. Which noted:

“The ruble is the official monetary unit (currency) of the Russian Federation. The aforementioned article sets a prohibition against the introduction of other monetary units or monetary surrogates on the territory of the Russian Federation.”

Under the Introduced bill, all the electronic payment platforms are required to register with the corresponding regulatory body to ensure their stand on the crypto-related activities and also to prohibit the payment services from being used in cryptocurrencies.

However Russia vs Ukraine conflict resulted in huge numbers of reasons to bring cryptocurrencies into use to facilitate international trade-related payments.

In the introduced 2021 crypto bill of Russia, there was only a provision not to use crypto in the payment system but there was no restriction or any kind of framework to prohibit the companies to not to using crypto in payment methods. So there are assumptions hat latest introduced bill is the remaining portion of the crypto bill 2021.

Read also: Digital assets fund manager Grayscale showing significant inclination toward Cardano

“digital assets payment ban” bill introduces in the Russian parliament









Buy bitcoin and other cryptocurrencies on crypto exchanges:    Binance    Coinbase      Kraken      Bitfinex






Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat