Could Russia lead Eastern Europe’s crypto boom?

[Lenipiw]

Russia’s new bill brings it in line with U.K. legislators, though there is a distinction between the approach of the FCA and the State Duma. Not unlike many other jurisdictions around the world, Russia has come to recognize the potential benefits and risks flowing from cryptocurrencies by taking its first step to define and codify digital assets.

The new Russian legislation dubbed “On Digital Financial Assets” sets a clear direction for the treatment of cryptocurrencies by authorities and how both individuals and businesses can handle them in everyday practice.
Visit here: https://cointelegraph.com/news/could-russia-lead-eastern-europe-s-crypto-boom

[MrSpasybo]

Up to now, Russia has repeatedly changed its views and laws related to crypto. It can be said that they are still in the process of discussing with each other about the benefits and dangers of crypto, which is bigger. Perhaps Putin will not be bold enough to enact a legal framework for crypto the way he licensed Sputnik V vaccine
I think we can expect another CIS country like Kazakhstan.

[highnayem34]

First and foremost, the long-awaited new bill on digital financial assets, or DFAs, defines the term “digital assets” and their use. According to a translation by TASS, a major Russian news agency, the bill defines them as: digital rights, an aggregate of electronic data comprising money claims, negotiable securities, and rights to participate in the equity of a non-public company with shares.