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Vladimir Putin signs a bill banning digital assets as payment

NFT, crypto
Published 2 years ago
ID #1784
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Vladimir Putin signs a bill banning digital assets as payment
NFT, crypto,
Published 2 years ago

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US Diplomats Call on Japan Crypto Exchanges to Cut Ties with Russia

Vladimir Putin has signed a bill banning the use of digital financial assets as a payment method, more than a month after it was introduced in the lower house of the country's Parliament.

Effectively making it illegal to use cryptocurrencies to pay for goods and services. The initial bill of June 7 specified the prohibition of the introduction of other monetary units or monetary substitutes in the territory of the Russian Federation.

The Duma chairmanship approved the bill on June 8, and after revisions and other considerations, the upper house of parliament, the Federation Council, approved the legislation on July 8.

According to the Constitution of the Russian Federation, all bills must be approved by both chambers before being signed by the president.

The Russian State Duma noted that Putin signed a bill suspending certain parts of an existing federal law On Banks and Banking Activities.


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    NFT, crypto
    Digital Assets Bill Banning