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Russian Lawmakers Move to Allow Crypto Payments Under Contracts

Members of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract. State Duma to Amend Civil Code to Legalize Contractual Crypto Payments The lower house of Russia’s parliament, the Duma, is gearing up to remove barriers to using cryptocurrencies in contract payments. The proposals are subject to an ongoing review but according to the chairman of the Committee on Legislation, Pavel Krasheninnikov, there is consensus on…

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Russia Finally Adopts Major Bitcoin Bill, Legitimizes Crypto Trading

The Russian Federation has played with the prospect of legalizing cryptocurrencies — or banning them — for years. This week, the country made significant progress with the latter. Yesterday, local news agency Regnum reported that the Russian State Duma — the country’s legislative body — had passed a bill that sees cryptocurrencies receive legal status.  Green Light for “On Digital Financial Assets” Titled “On Digital Financial Assets,” the crypto bill is now in its third reading. It brings an end to a two-year journey in which cryptocurrencies have sought acceptance into the oil-rich nation.  It is now expected to be adopted…

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Russia’s Parliament Changes Its Mind, Might Not Criminalize BTC

Russia’s parliament is discussing a new version of the initial legislation on cryptocurrencies according to a new report and this time the State Duma might not criminalize Bitcoin and put users in jail for using it. In our Bitcoin news today, we find out more about their decision. Following the latest reports about Russia’s Parliament, it seems that they might introduce new legislation that will not criminalize the crypto usage as the new documents show that the country is reviewing the updated version of the “Digital Financial assets” bill which aimed to put Bitcoin users behind bars. The members of…

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