Russian parliament – DIGIT INFO

Russian Parliament Postpones Adoption of Crypto Mining Bill

DIGIT — Sat, 24 Dec 2022 08:30:48 +0000

Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting the country’s access to global finances and markets. Russia’s New […]

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Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft

DIGIT — Mon, 24 Oct 2022 09:30:39 +0000

The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in the country, another draft law on mining, which permits cross-border transactions with digital assets, is expected in the legislature in […]

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Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

DIGIT — Fri, 08 Oct 2021 20:00:13 +0000

Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in […]

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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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Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail

DIGIT — Sun, 24 May 2020 01:05:11 +0000

Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for […]

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