Russia: Entry into force of law on digital financial assets and digital currency
Description
Entry into force of law on digital financial assets and digital currency
On 1 January 2021, the Law on digital financial assets and digital currency enters into force. The President of the Russian Federation signed into law the Act on 31 July 2020, and it will regulate the circulation of digital financial assets and digi…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2018-03-20
under deliberation
2020-07-31
adopted