Russia: Russian Government adopts concept of Legislative Regulation of Mechanisms for Organizing the Circulation of Digital Currencies
Description
Russian Government adopts concept of Legislative Regulation of Mechanisms for Organizing the Circulation of Digital Currencies
On 8 February 2022, the Russian Government announced the ”Concept of Legislative Regulation of Mechanisms for Organizing the Circulation of Digital Currencies”. The regulation aims to integrate digital currencies into the financial system by creatin…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government