Russia: Federal Law on requirements for digital currency miners including business registration requirement enters into force (Law No. 259-FZ)
Description
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 …
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