Raffaele
Sat Jun 08 2024
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7 answers
1551
Does Russia recognize cryptocurrency?｜In July 2020, Vladimir Putin signed a regulation on digital financial asset (DFA) transactions that legalizes cryptocurrency transactions but prohibits their use as payments for goods and services. Russian banks and exchanges can be operators of DFAs if they register with the central bank known as the Bank of Russia.
Does Russia officially recognize cryptocurrency as a legitimate form of financial asset? Given that in July 2020, Vladimir Putin enacted a regulation on digital financial asset (DFA) transactions, does this signify a step towards legitimizing crypto transactions within the country? However, does this regulation also imply any restrictions on the use of cryptocurrency, specifically prohibiting its application as a means of payment for goods and services? Additionally, are Russian banks and exchanges now able to operate as DFA operators, subject to registration with the Bank of Russia?
