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Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official
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Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry
Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Rosfinmonitoring […]
The post Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry appeared first on Bitcoin News.
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Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights”
Russia’s Prime Minister Dmitry Medvedev has shed some light on the progress authorities are making towards adopting the long-awaited crypto regulations. Legislators will replace common words like “cryptocurrencies” and “tokens” with legal terms such as “digital money” and “digital rights”, he revealed. Two draft laws have been filed in the Duma. One of the bills […]
The post Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights” appeared first on Bitcoin News.
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