They are now preparing a draft law, expected by February 18, which will define crypto as an “analogue of currencies” rather than as digital financial assets.
Further details from today’s Kommersant report suggest that crypto transactions of over 600,000 rubles (roughly $8,000) will have to be declared or will constitute a criminal offence. Fines will also be levied on those who illegally accept crypto as a means of payment.
An article with a few details:
Russia set to recognize crypto as a form of currency: report
https://www.theblockcrypto.com/linked/133586/russia-set-to-recognize-crypto-as-a-form-of-currency-report
Also,
Russia Shares Plan To Regulate Bitcoin, Crypto
https://bitcoinmagazine.com/markets/russia-shares-plan-to-regulate-bitcoin-crypto
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