🚨Putin orders the regulation of crypto as country mulls embracing currencies like Bitcoin for international trade🚨
🔴The Russian State Duma is set to deliberate on a bill to regulate digital currencies after President Vladimir Putin highlighted the urgency of regulation for use both domestically and with other countries.
🔴Speaking at a meeting on July 17, Putin highlighted the necessity for Russia “not to miss the moment” with cryptocurrencies, and called on Parliament to work on creating “legal framework and regulation in a timely manner,” including taxation and tariffs.
🔴The forthcoming legislation, scheduled for parliamentary debate on July 23, would allow Russia to use cryptocurrency for international trade payments. Enhanced regulation of cryptocurrency payment systems in Russia could bolster trade with major partners like China and India, providing an alternative to traditional banking systems.
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