$BTC: Must be 1 line, max 90 chars, single concrete thing that matters. Live: $BTC 85,784 (+5.02% 24h) · 24h range 80,979-87,330 · 60.83B USDT 24h vol
Russia's central bank is moving fast enough that the country's crypto industry could be operating within a legal framework before the year ends.
The foundation was laid in August, when President Putin signed a law putting digital currency and digital rights regulation into statute. But the law stopped short of making bitcoin usable as money inside Russia, payments with it have been banned since 2022.
So the framework exists, but the door to spending bitcoin on a coffee in Moscow is still bolted shut.
Chistyukhin described the work ahead as "very large and significant," according to the Interfax report. He was talking about building the subordinate regulations, the detailed operational rules that tell exchanges, banks, and investors what they can actually do.
Optional, max 70 chars, specific to story (level, timeline, consequence). No generic questions.
$BTC #BTC #CryptoRegulation #CryptoNews
Russia's central bank is moving fast enough that the country's crypto industry could be operating within a legal framework before the year ends.
The foundation was laid in August, when President Putin signed a law putting digital currency and digital rights regulation into statute. But the law stopped short of making bitcoin usable as money inside Russia, payments with it have been banned since 2022.
So the framework exists, but the door to spending bitcoin on a coffee in Moscow is still bolted shut.
Chistyukhin described the work ahead as "very large and significant," according to the Interfax report. He was talking about building the subordinate regulations, the detailed operational rules that tell exchanges, banks, and investors what they can actually do.
Optional, max 70 chars, specific to story (level, timeline, consequence). No generic questions.
$BTC #BTC #CryptoRegulation #CryptoNews