Russia Lawmaker Disagrees That Crypto Is Mainly Used For Illegal Transactions

Last updated: June 9, 2025, 14:05

Russia Lawmaker Disagrees That Crypto Is Mainly Used For Illegal Transactions

Under the draft proposals

Under the draft proposals, Russia would ban all cryptocurrency issuance and operations, stop banks from investing in cryptocurrencies, block exchanging crypto for

Russian lawmakers on Tuesday approved a new law permitting the use of cryptocurrency for international payments, as the country faces ongoing financial pressure

Russia’s central bank proposes ban on crypto trading and mining

Russia will start its trial

Russia Is About to Try Using Crypto to Get Around Sanctions

Russia will start its trial of cross-border payments using crypto next week. Recent statements from senior Russian leaders suggest the law’s purpose is to use crypto to

Russia Lawmaker Disagrees That Crypto is Mainly Used for Illegal

Crypto exchanges are coming under

According to a high-ranking Russian lawmaker, only a small portion of cryptocurrency transactions are for illegal purposes, and the use of cryptocurrency for illegal

In response to mounting financial pressures of Western sanctions, Russia enacted significant legislation legalizing cryptocurrency mining and permitting the use of

Crypto exchanges are coming under pressure to block transactions with Russia, as western politicians fear that cryptocurrencies provide a back door to move money

Speaking with the Parlamentskaya Gazeta

Russian Lawmaker Says Illegal Use Of Cryptocurrency Is Largely A

Crypto exchanges resist calls for ban on Russia transactions

Speaking with the Parlamentskaya Gazeta, Lugovoy revealed that he decided based on the transaction volume of some of the largest crypto exchanges in Russia

Russian lawmakers passed a bill

Is Russia banning crypto? Lawmaker weighs in - Finbold

Russian lawmakers passed a bill on Wednesday to give cryptocurrencies legal status, but banned them from being used as a means of payment.

Russia legalizes crypto for cross-border trade amid sanctions

In a Telegram post on

Russia’s Cryptocurrency Pivot: Legislated Sanctions Evasion

Russian lawmakers approve legal status for cryptocurrencies, but

In a Telegram post on April 27, the lawmaker pointed out that the misleading reports emerged from the country’s bill that seeks to introduce mechanisms for identifying