Russia won't be banning crypto after all, it seems 🚀 The government now plans to regulate digital assets instead 👇
Russia says it wants to compel crypto exchanges "to have financial safety cushions in terms of liquidity and capital adequacy, which in turn will safeguard the interests of citizens."
Operators would be required to maintain a database to monitor suspicious and high-risk transactions from wallets related to illegal activities and financing terrorism — and perform thorough identity checks on all users.) to ensure that these payments are subject to tax.
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