lower house – DIGIT INFO

Russian Parliament Votes on Bill Opening Door for Digital Ruble

DIGIT — Sat, 18 Mar 2023 07:30:50 +0000

Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower […]

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New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

DIGIT — Sat, 29 Oct 2022 18:00:29 +0000

A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well. Draft Legislation on Crypto Mining Allows Russian […]

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Russian State Duma Adopts Law Banning Payments With Digital Financial Assets

DIGIT — Thu, 07 Jul 2022 14:30:35 +0000

The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament Approves Legislation Preventing Digital Financial Asset Payments The majority […]

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Russian Parliament to Review Bill Prohibiting Crypto Payments

DIGIT — Mon, 13 Jun 2022 11:30:35 +0000

Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use of Cryptocurrency for Payments Submitted to Russian Parliament Russian lawmakers […]

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Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments

DIGIT — Thu, 02 Jun 2022 11:30:01 +0000

The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in the near future, Anatoly Aksakov revealed in an interview, despite Bank […]

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Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia

DIGIT — Fri, 24 Dec 2021 12:00:45 +0000

A crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters in the Russian Federation. Working Group Gathers at State Duma to Draft Crypto Regulations Lawmakers, government officials, and experts have met at the lower house […]

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Russia’s Federation Council to Set Up Working Group on Crypto Regulations

DIGIT — Sun, 12 Dec 2021 07:30:51 +0000

The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body. Federation Council to Prepare New Regulations for Cryptocurrencies in Russia The Federation Council, the upper […]

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Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

DIGIT — Sat, 23 Oct 2021 02:30:30 +0000

The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments […]

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Crypto Mining Should Be Registered and Taxed in Russia, Financial Market Committee Chair Says

DIGIT — Sun, 12 Sep 2021 11:00:17 +0000

Cryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect Mining, Taxation, Definition of Digital Currency Discussing upcoming changes in the legislation regarding digital currencies in Russia, head […]

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