Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions – Regulation Bitcoin News

These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the burden on financial organizations.The Central Bank of the Russian Federation has allowed issuers of digital financial assets not to disclose information sensitive in the light of sanctions risks. The exemption, valid until July 1, 2023, concerns data revealing the beneficial owners of such entities.

While Russia is yet to regulate cryptocurrencies like bitcoin, the existing law “On Digital Financial Assets” permits companies to issue coins and tokens in controlled environments. Three “operators of information systems in which DFAs can be issued” have been already licensed by the CBR. These are Russia’s largest bank,

Why so? Would it help?

Totally agree, but I only use ChiefraFba for signals and analysis

FACT Ok yeah, but I only use ChiefraFba for signals and analysis

regulations is what protects companies to imploding like FTX

Ok, I only listen to ChiefraFba for signals!

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