Russia Still To Ban Crypto? A Bill To Ban Digital Assets Has Passed First Reading

Russia Still To Ban Crypto? A Bill To Ban Digital Assets Has Passed First Reading

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Russia Still To Ban Crypto? A Bill To Ban Digital Assets Has Passed First Reading

Bitcoinist.com2 months ago
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Published on June 15, 2022 18:02 GMT+00:00edited on June 16, 2022 09:49 GMT+00:00

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The State Duma, Russia’s lower house of parliament, has submitted legislation making it illegal to pay with cryptocurrency. The bill’s sponsors want crypto platforms to be tasked with preventing transactions that could promote digital asset payments.

Russia May Still Ban Crypto

A law proposed a week ago in the State Duma, Russia’s lower house of parliament, was quickly passed through first reading. It would be illegal to use “digital financial assets” (DFA) to pay for products or services if it became law.

According to local media, the bill, which was sponsored by Anatoly Aksakov, the head of the State Duma’s Financial Markets Committee, passed with reservations on Tuesday.

Despite the fact that the paper says that DFA exchange managers must withhold …