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Russia Advances Crypto Bill Ahead of Second Reading
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Russia’s Financial Market Committee approved the final version of a cryptocurrency bill, clearing the way for its second reading. The revised bill removes mandatory reporting of crypto wallet addresses, requiring only balances and transaction flows to be disclosed. It also allows cryptocurrency to be used to buy securities and Russian digital financial assets and permits licensed brokers and asset managers to trade on certain foreign crypto exchanges. The bill will next move to its second reading in the legislative process.
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