Russia is set to ban the internal organization of cryptocurrency exchanges, while allowing the circulation of digital financial assets issued by the country. The ban, scheduled to start on September 1, aims to regulate cryptocurrency mining activities and prevent assets from competing with the Russian ruble. This move is seen as a strategy to potentially open up new financial markets and replace fiat currencies in international transactions.
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0 posts last weekRussia to Introduce Restrictions on Crypto Assets Circulation from September
Russian lawmakers are planning to implement restrictions on the circulation of crypto assets from September 1, aiming to ban the establishment of digital asset exchanges and exchangers outside an experimental legal regime. The move is driven by the desire to protect the Russian ruble and safeguard the domestic economy, with concerns about potential exposure to Western sanctions. While the ban is set to take effect soon, there is a possibility of revisiting these regulations in the future.
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