đšPutin orders the regulation of crypto as country mulls embracing currencies like Bitcoin for international tradeđš
đŽThe 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.
đŽSpeaking at a meeting on July 17, Putin highlighted the necessity for Russia ânot to miss the momentâ with cryptocurrencies, and called on Parliament to work on creating âlegal framework and regulation in a timely manner,â including taxation and tariffs.
đŽThe 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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