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New Russian Law Bans Bitcoin Payments for Goods and Services


Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing...

Putin Urges Lawmakers to Hurry up Blockchain, Crypto Sandbox Progress


Russian President Vladimir Putin wants his cabinet speed up the rollout of crypto and blockchain regulatory sandboxes to stave off economic recession – even if lawmakers continue to drag their feet over crypto legislation. As reported, an industry insiders told Cryptonews.com that Russia’s latest...

Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar


Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On...

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