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Russian Finance Ministry's Bitcoin Ban Bill Delayed, Due to Criticism

Bitcoin ban bill delay

The draft law proposed by the Ministry of Finance in #Russia to ban the circulation of #cryptocurrencies like #bitcoin in the Russian Federation is delayed in its entry to the State Duma.

A proposal by the Finance Ministry that is seeking to officially #BanBitcoin and cryptocurrencies in Russia has hit a delay. The draft law will enter the State Duma –the lower chamber of the Russian Parliament – later than expected. The delay in introducing the bill is due to a multitude of comments and revisions suggested by reviewers critiquing the draft. Additional details of the proposed changes have not been revealed.

Despite citing plenty of corrections as the reason behind the delay, Deputy Finance Minister #AlexeiMoiseev has stated that the underlying objectives and guidelines of the proposal remain intact.


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