The Russian government and the central bank to legalize crypto assets

The Russian government and the central bank have agreed to legalize crypto assets, like Bitcoin and Ethereum, as currencies. This is a big step for the cryptocurrency market in Russia because it means that they are now protected by law.

The Russian government has been debating about how to deal with cryptocurrencies for a long time. Some members of the government didn’t want to regulate them at all while others wanted to ban them completely. The central bank was also hesitant about regulating cryptocurrencies because they weren’t sure what would happen if something went wrong with them.

This is a significant development in the Russian government’s approach to cryptocurrency regulation. It is also a major victory for the blockchain industry in Russia.

legalize crypto assets

The Russian government has been working on a draft law that would define crypto assets as a digital form of currency. They have now agreed with the central bank to start treating them as currency.

This is a big step for cryptocurrencies in Russia with this legalize crypto assets. It will also be interesting to see how other countries react to this news.
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