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Russia Passes Crypto Bill—Crypto Will Soon Acquire Legal Status

Lily Yangg

Summary: The bill “On Digital Financial Assets” has been passed in its final third reading by the Russian legislative body (State Duma) on July 22, as reported by local news agency Regnum. Expected to be officially adopted on January 1st, the bill will legalize the status of digital assets and crypto trading in Russia. However, using ...

The bill “On Digital Financial Assets” has been passed in its final third reading by the Russian legislative body (State Duma) on July 22, as reported by local news agency Regnum.

Expected to be officially adopted on January 1st, the bill will legalize the status of digital assets and crypto trading in Russia. However, using cryptocurrency as the payment method is still prohibited.

By Lily Yang