RATE Group | Russian Central Bank Wants to Clamp Down on Cryptocurrencies
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Russian Central Bank Wants to Clamp Down on Cryptocurrencies

23 Mar Russian Central Bank Wants to Clamp Down on Cryptocurrencies

Posted at 14:05h in Cryptocurrency News by

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Russia Cryptocurrency Ban

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Director of the Russian Central Bank Alexey Guznov has signalled they are against institutions for organizing the production of cryptocurrency in Russia according to a recent Q&A in Interfax online, Russia’s first non-governmental channel news channel formed in 1989 and now the largest diversified information group in the CIS.

However, if individual owners of cryptocurrency complete their transactions in a jurisdiction that does not prohibit this, they are unlikely to be able to pursue cases.

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The Russian legislation on digital financial assets (CFA) was adopted on first reading in 2018 but has undergone significant changes since.

Guznov spoke to Interfax about what kind of consensus the Russian authorities came to regarding cryptocurrency circulation on the territory of the Russian Federation, what new terms and requirements appeared in the bill on CFA, as well as other important bills for the Central Bank.

“The problem of cryptocurrency…

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