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Proposed Bitcoin Ban in Russia Could Be Revised in the Future

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The Federal Financial Monitoring Service of the Russian Federation (also known as #Rosfinmonitoring ) has revealed that while the #cryptocurrency ban is being considered as an applicable measure, it does not rule out that such a stance against #bitcoin and other #cryptocurrencies could be revised over time.

The possibility of a regulatory change that’s different to a sweeping ban was made in statements by Pavel Livadny, State Secretary and Deputy Director of Rosfinmonitoring.....

While there are those that call for the criminal liability for Bitcoin, with authorities also proposing a 7-year ban for using cryptocurrencies, the deputy chairman of the #BankofRussia (Russia’s Central Bank) recently spoke about the possibility of developing a national digital currency in Russia.....

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