Russia amends cryptocurrency bill: Only approved exchanges allowed

posted about 1 year ago
Russia’s Ministry of Finance will make an addition to the cryptocurrency legalization bill, which will allow trading such assets only on certain "official" exchanges.
Deputy Finance Minister Alexei Moiseyev told RNS.

The list of official exchanges has not yet been approved, it is still being "discussed".

Moiseev assured that the ministry does not want to limit the transfer of existing crypto currency, but expect to put "some kind of framework”.
"Who has crypto-currencies, the nothing will be. But the purchase and sale will somehow be standardized. The general idea is that it will be necessary to buy and sell assets on official exchanges and this will be declared, legalized."
-Alexey Moiseyev
Deputy Minister of Finance

The Ministry of Finance presented the draft regulation of the Crypto-currency in December 2017, the document will be submitted to the State Duma in February 2018. The Ministry believes that crypto-currencies should be considered property, not money, and mining - fall under the definition of business activities with special taxes.
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