Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets – Finance Bitcoin News
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The Russian government has recently passed a bill that allows Russian financial platforms to operate blockchains and issue digital assets. This move is an effort to keep up with the rapidly evolving cryptocurrency market and is seen as a step in the right direction for the future of digital asset trading in the country.
The bill, which was proposed by the Ministry of Finance, was signed into law by President Vladimir Putin. It allows the Central Bank of Russia (CBR) to regulate the issuance, circulation, and exchange of digital assets. The CBR will also be responsible for monitoring and supervising the activities of financial platforms that are involved in digital asset trading.
The bill also allows Russian financial platforms to use blockchain technology for their operations. This will enable them to offer digital asset trading services, such as trading cryptocurrencies, tokens, and other digital assets. The move is seen as a way to promote the development of blockchain technology in the country and to create a more secure and efficient financial system.
The new law is seen as a positive step for the Russian cryptocurrency market, as it provides a legal framework for the issuance and trading of digital assets. It is hoped that the new law will help to create a more vibrant and active cryptocurrency market in the country, as well as attract more investors and businesses to the sector.
The new law is seen as a sign of Russia’s commitment to the development of blockchain technology and digital asset trading. It is a move that could potentially have a significant impact on the global cryptocurrency market, as more countries adopt similar regulations. It is also likely to have a positive effect on the Russian economy, as it could attract more investment and create more jobs.
Overall, the new law is a positive move for the Russian cryptocurrency market and is likely to have a significant impact on the global cryptocurrency market. It is a step in the right direction for the future of digital asset trading in the country and could potentially open up new opportunities for investors and businesses in the sector.
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