As expected on Cryptocurrency.itnothing to forbid for Bitcoin in Russia. Indeed, the news that comes from fly they are very encouraging for the cryptocurrency world in general.

In fact, we will be prepared Rough draft from regulation for the crypto world, which should give them, at least from what is broadcast by Kommersantthe status of currencies and not that of digital assets. There will then be restrictions on their use, but the hypothesis of a ban seems to be ruled out.

good news for Bitcoin and for the entire sector in general, which will continue to develop in Russia as elsewhere. We can invest with eToro – go here to request an exclusive premium account with copy trading functionality – intermediary that allows you to invest to 49+ cryptoeven with support for fintech functionality.

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No ban on cryptocurrencies in Russia: regime similar to that of foreign currencies

This is news yet to be confirmed, which was broadcast by Kommersantwho to date has a good registration correct information also provided in the preview. According to the Russian newspaper the government and the central bank in fact, they would have agreed on a regime that would equate Bitcoin and other cryptocurrencies to Fiat money. With a regulation that will be on the whole a little more restrictive than that applied, for example, to the dollar.

avoided the danger of to forbidthe following rules should be included in the project:

• Operations over 600,000 rubles must be reported

In other words, for an equivalent greater than approximately €7,000. This is a restriction compared to the current regime – which is almost total anarchy – but still greater than the limit that would be introduced in Italy with relative DL. Penalty for switching to criminalwith sanctions still to be defined.

At the same time, there will be no restrictions on the miningsomething that had also been dreaded for some time, but then the return to greater tranquility after the intervention of Vladimir Putin, interested in the industry also thanks toPowerful which can offer at a relatively low cost.

The scheme will come into force by the end of 2022

Still according to what was reported by Kommersant the new regime, after a short transition period, should enter into force between the end of 2022 and the start of 2023. In the meantime, the agreement between government And parliament it could also bring news on the front of the mining.

For the rest, by February 18, we should have a complete text to comment on, which will also cover the aforementioned points. transition period. The world of crypto can you be satisfied? Probably yes, since the danger is averted to forbid and given that overall the cryptocurrencies they will be treated almost like a foreign currency in its own right. Compared to what, according to the Italian press – and which we quickly denied – was taking shape, we can be relatively satisfied with the way things are progressing.

All this bearing in mind that this is a draft for now and then we will have to see the final text, which will also include operational details. In the hope that these are not overly confining with regard to the effective use of cryptocurrencies in Russia.