What are the new rules and regulations for cryptocurrencies in Russia after Putin's signature?

3 answers

• Nov 23, 2021 · 3 years ago
  The new rules and regulations for cryptocurrencies in Russia, following Putin's signature, aim to bring more clarity and control to the industry. These regulations require cryptocurrency exchanges to register with the government and comply with anti-money laundering (AML) and know your customer (KYC) regulations. Additionally, cryptocurrency miners will need to obtain licenses and report their activities to the authorities. These measures are intended to prevent illegal activities and ensure the safety of investors and users. Overall, the regulations are expected to enhance the legitimacy and stability of the cryptocurrency market in Russia.
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• Nov 23, 2021 · 3 years ago
  Well, well, well, it seems like Russia is finally getting serious about cryptocurrencies! With Putin's signature, new rules and regulations have been put in place to keep a closer eye on the crypto world. Cryptocurrency exchanges now have to jump through some hoops to get registered and comply with AML and KYC regulations. And guess what? Cryptocurrency miners also need to get a license and report their activities. It's all about cracking down on illegal stuff and making sure things are legit. So, buckle up, folks! The Russian crypto scene is about to get a whole lot more regulated.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, believes that the new rules and regulations for cryptocurrencies in Russia, following Putin's signature, will have a positive impact on the industry. These regulations will help create a more secure and transparent environment for cryptocurrency users and businesses. By requiring exchanges to register and comply with AML and KYC regulations, the government aims to prevent money laundering and protect investors. Additionally, licensing cryptocurrency miners will help regulate the industry and ensure fair competition. Overall, these regulations are a step towards the mainstream adoption of cryptocurrencies in Russia.
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