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Bill to ban digital assets as payment introduced in Russian parliament

2022.06.08 17:30

Bill to ban digital assets as payment introduced in Russian parliament
Bill to ban digital assets as payment introduced in Russian parliament

In recent months, Russian legislators have been preparing measures to fully institutionalize crypto as a properly taxable investment asset and a possible tool for foreign trade in Russia. Now, they want to make clear that the upcoming regulatory turn won’t include any windows for adopting digital financial products as a payment method.

On Tuesday, June 7, Anatoliy Aksakov, the head of the Financial Markets Committee of the Russian parliament’s lower chamber — the State Duma — introduced a bill that would prohibit the use of “digital financial actives” (DFA) to pay for any kind of goods or services. As the cover note specified:

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