RATE Group | Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry
47341
post-template-default,single,single-post,postid-47341,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

31 Oct Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Posted at 01:34h in Cryptocurrency News by

[ad_1]

Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Economy & Regulation

Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF).

Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years

Rosfinmonitoring to License
Exchanges and ICO Platforms

Russia’s Financial Watchdog to Oversee the Cryptocurrency IndustryRosfinmonitoring, as the regulator is known in Russia, plans to register, license and monitor cryptocurrency exchanges, crowdfunding platforms and providers of wallet services for digital assets, Russian media outlets have reported. Pavel Livadny, the agency’s deputy director, said that all…

[ad_2]

Source link

Tags:
, , , , ,