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russia tightening the crypto screws but legalizing cross-border payments?! 🇷🇺📉 sounds like they want the 🤑
wait is russia 🇷🇺 goin full 🧨 or just flexin💪💪 with these crypto regs
russia cracking down on crypto: tighter regulations, legal cross-border payments, finance vs. central bank clash, all to finalize new framework by year-end
Russian authorities are preparing new regulations for the domestic cryptocurrency market, aiming to legalize cross-border transactions and enforce stricter sanctions for other crypto operations. Finance Minister Anton Siluanov emphasized the need for legislative oversight to restore order. The Central Bank wants to limit cryptocurrency use to cross-border payments and transactions by ultra-rich investors, while Siluanov’s Finance Ministry advocates a more gradual approach to avoid stifling innovation. The goal is to finalize the new regulatory framework by year-end. 🇷🇺📊
Russia set to tighten control over cryptocurrency market while legalizing cross-border payments
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