Russia: Federal law on digital financial assets and digital currency signed into law
Description
Federal law on digital financial assets and digital currency signed into law
On 31 July 2020, the President of the Russian Federation signed into law the Law on digital financial assets, digital currency. The Act regulates the circulation of digital financial assets and digital currency in Russia. Under the Act, any entity i…
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
executive
Government Body
central government
Complete timeline of this policy change
Hide details
2018-03-20
under deliberation
2020-07-31
adopted