Russia's Ministry of Finance proposes ban on crypto circulation

According to a report from Frank Media, sources “familiar with the matter” said the Ministry of Finance has proposed a ban on the circulation of cryptocurrency in the country but has carved out exceptions for stablecoins and the sale of cryptocurrencies by miners.

The Ministry of Finance wants to introduce provisions into the current law and the crypto-mining legalization bill that would make it “prohibited to organize the circulation of digital currency, with the exception of organizing the circulation of digital currency in terms of mining, including participation in a mining pool.”

Several law enforcement agencies have pushed back against the new proposal due to concerns that the wording is too broad and will lead to a ban on organizing the circulation of digital currency as a whole.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Personal finance in a perma-crisis world: Thoughts on debt, saving, taxes, food and housesThe world isn’t headed back to the quieter days of 2019 any time soon, and neither are your personal finances. Here are five realities to guide your planning
Source: globeandmail - 🏆 5. / 92 Read more »

Curve Finance [CRV] loses its market share for these reasonsCurve finance’s total value locked (TVL) highlights the current situation that Curve Finance is in. Its TVL peaked at just above $24 billion in January 2022. It has been on a downward spiral since then. Where does CRV stand amid all this?
Source: CryptoAmb - 🏆 22. / 68 Read more »