Putin forbids paying for goods and services with crypto. The bill was introduced to the Parliament over a month ago and contemplated the “prohibition against [...] other monetary units on the territory of the Russian Federation”.
Russian President Vladimir Putin has signed a bill into law prohibiting digital financial assets as payments more than a month after it was introduced to the country’s lower chamber of Parliament.that Putin signed a bill suspending certain parts of an existing federal law “on banks and banking activities,” effectively making it illegal for people to use cryptocurrencies to pay for goods and services.
The Duma chair approved the draft bill on June 8, and following revisions and other considerations, the upper chamber of Parliament, the Federation Council, approved the legislation on July 8. Under the Constitution of the Russian Federation, all bills need to be approved by both chambers before being signed into law by the president.— a financial platform, investment platform or information system in which digital financial assets are issued.
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