Russian Federation State Duma Presents Draft Law That Cryptocurrencies Cannot Be Used as Payment Means

lower house of the Russian parliament, crypto- He introduced a bill to prevent money from being accepted as a means of payment.

Ksenia Yudaeva, Deputy Governor of the Central Bank of Russia, said on June 1, He said that the central bank is open to the use of cryptocurrencies in international transactions. However, on June 7, Anatoliy Aksakov, Chairman of the State Duma of the Russian Federation, the lower house of the parliament, A bill that would ban cryptocurrencies for any payment method presented.

In the event that this law comes into force, Russia’s Payment of all currencies except the nominal currency ruble use will be prohibited.

The bill will also affect the agreements of the central bank, which gave the green light to the use of cryptocurrencies on June 1. Yudaeva, currently the Governor of the Central Bank of Russia, as the regulatory authority in the country, He noted that he continues to view the wider use of cryptocurrencies in Russia as a financial threat.

The bill also includes a concept called “electronic platform”. If the law is valid, electronic platforms will deal with digital assets and these platforms will report all the information they receive to the central bank.

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