New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

Bitcoin.com | Oct 29, 2022 at 8:00 PM
  • A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements.
  • The Chair of the parliamentary Financial Market Committee Anatoly Aksakov pointed out that the document authorizes the use of cryptocurrencies as a means of payment outside the country.
  • After months of deliberation, Russian lawmakers are also expected to review a bill “On Digital Currency” designed to more comprehensively regulate Russia’s crypto market than the current law “On Digital Financial Assets”.