The government and central bank of Russia are now working on a draft law that will treat cryptocurrency as an “analogue of currencies” rather than digital financial assets. Bitcoin transactions and possession of cryptocurrency in the Russian Federation must be done through a digital currency exchange organizer (a bank) or a peer-to-peer exchange licensed in the country. Read more in our articles including "X Money Set to Launch This Year as X Moves Closer to Becoming an ‘Everything App’" and "Russian gov’t, central bank to regulate cryptocurrencies".
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Mar 12, 2026The government and central bank of Russia are now working on a draft law that will treat cryptocurrency as an “analogue of currencies” rather than digital financial assets. Bitcoin transactions and possession of cryptocurrency in the Russian Federation must be done through a digital currency exchange organizer (a bank) or a peer-to-peer exchange licensed in the country.
Our coverage of X cryptocurrency includes: "X Money Set to Launch This Year as X Moves Closer to Becoming an ‘Everything App’"; "Russian gov’t, central bank to regulate cryptocurrencies"; "GoTyme partners with DragonFi for Stock Trading feature". Each article provides unique insights and information.