Why Russia Wants to Restrict Crypto?

Aksakov stated that the forthcoming legislation aims to restrict non-Russian crypto operations to reinforce the ruble’s dominance.

“Digital financial assets issued in Russian jurisdiction, and digital rubles will be allowed. The need for restrictions is due to the fact that today cryptocurrency – is a quasi-currency that replaces the ruble in the country. But only the Russian ruble fulfills the mission of the monetary unit, so this decision has been made. From September 1, restrictions will be introduced,” Aksakov explained.

Starting September 1, Russia will enforce strict restrictions on the general circulation of crypto assets such as Bitcoin. Only digital financial assets issued within its jurisdiction will be allowed.

#Fed #Russia #BTCConsolidation

$BTC