Peter Kimani Posted March 25, 2020 Share Posted March 25, 2020 Is it legal to issue, distribute and hold crypto in Russia? Quote Link to comment Share on other sites More sharing options...
0 Simon Mugo Posted March 25, 2020 Share Posted March 25, 2020 Hi Peter, the regulatory environment in Russia regarding cryptos is very unclear as government officials hold differing opinions about this emerging asset class. Recently, a Russian official in the Ministry of Economic Development announced that the government was working on a bill to allow the testing of cryptocurrencies in a regulatory sandbox environment. The ministry official said that the Bank of Russia would supervise the new regulatory sandbox. However, the Bank of Russia, which is Russia central bank has been on the record pushing for the banning of the issuance and distribution of cryptocurrencies. Therefore, I would advise you not to plan on issuing or distributing any cryptos within Russia in the near future until there are clear regulations regarding the same. There are also no clear rules regarding the holding or using of cryptocurrencies in the country, but you should consult the relevant authorities before taking any actions as government regulations are constantly shifting. Quote Link to comment Share on other sites More sharing options...
Question
Peter Kimani
Is it legal to issue, distribute and hold crypto in Russia?
Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. To reply to this question, sign in or create a new account.