Russia: Business registration requirement in Federal Law on requirements for digital currency miners (Law No. 259-FZ)
Progress
Current status
in force
01 Nov 2024 in force
23 Oct 2024 adopted
Scope
Implementers
Russia
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Federal Law on requirements for digital currency miners including business registration requirement enters into force (Law No. 259-FZ)
On 1 November 2024, amendments to Federal Law No. 259-FZ concerning digital financial assets, digital currency, and amendments to certain legislative acts of the Russian Federation entered into force. The amendments introduce an operational licence …
Event type
law
Action type
implementation
Government branch
executive
Government body
central government
Federation Council adopted Federal Law on requirements for digital currency miners including business registration requirements (Law No. 259-FZ)
On 23 October 2024, the Federation Council adopted amendments to Federal Law No. 259-FZ on digital financial assets and digital currency. The amendments introduce an operational licence requirement for digital payment providers, including those enga…
Event type
law
Action type
adoption
Government branch
executive
Government body
central government