Russia will not allow lending in cryptocurrency or its use as collateral, finance ministry says.
No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan
The treasury adds that market participants will be obliged to duly inform citizens about the heightened risks associated with digital currencies. Russian regulators also intend to impose restrictions and introduce strict control over advertising of crypto-related products and services, Tass news agency reported, quoting the document.
In contrast, regulated circulation through licensed exchanges will limit the list of tradable assets and offer Russian citizens access only to the most mature and established cryptocurrencies.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia Halts Four Dark Web Sites With $263 Million in Crypto Sales: EllipticFerum Shop, Trump's Dumps, Sky-Fraud forum, and UAS Store are the four illicit platforms shut down by the authorities.
Read more »
Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover – Bitcoin NewsLaw enforcement in Russia has blocked four major sites on the dark web, including a carding market leader.
Read more »
Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments – Regulation Bitcoin NewsRussian government institutions are on the same side of the fence in their intention to ban bitcoin payments.
Read more »
NH Governor Signs Executive Order to Bring 'Regulatory Certainty' to Cryptocurrency Industry – Regulation Bitcoin News“Federal and state governments must work to bring legal and regulatory certainty to the digital asset industry,” said the governor. crypto bitcoin cryptocurrency $BTC
Read more »
Indian Parliament Member Clarifies Legal Status of Cryptocurrency – Regulation Bitcoin NewsCryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India.
Read more »
IMF: Crypto Is No Match for Well-Designed Central Bank Digital Currencies – Regulation Bitcoin News“If CBDCs are designed prudently, they can potentially offer more resilience, more safety, greater availability, and lower costs than private forms of digital money.” crypto cryptocurrency bitcoin
Read more »