Russia Approves Bitcoin Mining & Experimental Cross-Border Exchange Regime
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Oversight of mining activities will be divided among various institutions, with the Bank of Russia holding primary authority.
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The authorized body and the central bank will also have the right to impose a ban or restrictions on digital currency transactions to "preserve Russia's monetary stability."
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The law also imposes a ban on advertising cryptocurrencies and offering them to an unlimited audience.
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Under the new law, the central bank will also establish a experimental infrastructure for cryptocurrency payments, with details yet to be announced.
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The new law will not lift an existing ban on cryptocurrency payments inside Russia.https://m.stacker.news/42719