Russian Firms Have Already ‘Conducted Billions of Dollars Worth’ of Crypto Trade – Lawmaker
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
A top Russian lawmaker has claimed that Russian firms have already used crypto to carry out “billions of dollars” worth of cross-border trade deals.
However, he said that it was “necessary to limit the number of organizations” that can use crypto as a settlement tool.
And the lawmaker claimed that new crypto regulations and a list of “authorized” crypto “participants” would be ready by “around” November.
Per the Russian media outlet RBC, the Chairman of the State Duma’s Committee on Financial Markets Anatoly Aksakov said that the Ministry of Finance and the Central Bank are ready to launch new legislation.
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