• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$23,111.00-2.85%
    BITCOIN
    24H : -2.85%
    Volume : $23,544,582,808.00
    Marketcap : $442,283,884,385.00
  • ethereumEthereum(ETH)$1,703.57-2.97%
    ETHEREUM
    24H : -2.97%
    Volume : $16,164,273,094.00
    Marketcap : $204,632,333,985.00
  • binancecoinBNB(BNB)$321.09-0.42%
    BNB
    24H : -0.42%
    Volume : $1,419,743,666.00
    Marketcap : $52,378,148,191.00
  • rippleXRP(XRP)$0.365-3.27%
    XRP
    24H : -3.27%
    Volume : $1,098,702,722.00
    Marketcap : $17,641,830,885.00
  • cardanoCardano(ADA)$0.513-2.52%
    CARDANO
    24H : -2.52%
    Volume : $604,084,802.00
    Marketcap : $17,367,326,591.00
  • solanaSolana(SOL)$39.98-5.29%
    SOLANA
    24H : -5.29%
    Volume : $1,045,735,693.00
    Marketcap : $13,944,092,114.00
  • polkadotPolkadot(DOT)$8.75-3.13%
    POLKADOT
    24H : -3.13%
    Volume : $638,237,680.00
    Marketcap : $9,988,581,800.00
  • dogecoinDogecoin(DOGE)$0.069-4.69%
    DOGECOIN
    24H : -4.69%
    Volume : $487,879,232.00
    Marketcap : $9,121,279,638.00
  • avalanche-2Avalanche(AVAX)$28.381.97%
    AVALANCHE
    24H : 1.97%
    Volume : $712,729,895.00
    Marketcap : $8,085,185,524.00
  • shiba-inuShiba Inu(SHIB)$0.000012-0.12%
    SHIBA INU
    24H : -0.12%
    Volume : $471,730,468.00
    Marketcap : $7,099,209,141.00
  • terra-lunaTerra(LUNA)$0.000071-5.71%
    TERRA
    24H : -5.71%
    Volume : $134,734,814.00
    Marketcap : $768,841,921.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Vladimir Putin signs bill broadening Russia’s ban on cryptocurrency payments


July 16, 2022 · By MATheGooner
Bitcoin (BTC)

The recently enacted bill strengthens a prior ban on cryptocurrency payments, including NFTs, in the country.

Russian President Vladimir Putin has approved a bill outlawing digital payments nationwide according to a policy change on Thursday.

According to the amendment put out by Russian State Duma member Anatoly Aksakov on June 7, no security tokens, utility tokens, or non-fungible tokens (NFTs) would be accepted as payment for products and services in the nation. 

The existing restriction, which has been in effect since January 2021, was deemed insufficient by group legislators, according to the Russian media organization RBC, as it simply barred people and companies from using “payment tokens.”

The Bank of Russia, in contrast, had planned to permit the use of cryptocurrencies for cross-border payments in the context of global trade due to stringent sanctions put on Russia as a result of its invasion of Ukraine. 

The accounts of users who have been subject to US sanctions have been frozen by major exchanges. Most recently, Binance terminated the accounts of a few people with ties to prominent Russian leaders’ families. 

According to Reuters, Russia is also working on system upgrades to identify participants in blockchain transactions. Blockchains like Bitcoin maintain an immutable, visible ledger of all transactions, but it is difficult to track individual wallet holders’ identities because they are anonymous.

The central bank stated in May that since Russian banks had enough foreign currency going forward, the threat posed by cryptocurrencies to the nation’s finances had diminished. Putin’s latest amendment shows that, at least for the time being, there are no intentions to loosen the nation’s restrictions on digital currencies.

Primary Sidebar

LATEST NEWS

Alessio Rastani: If you’ve lost money in bitcoin, here’s what you NEED to know

August 9, 2022

Binance stops supporting off-chain transactions in the wake of WazirX, siding with Indian regulators

August 8, 2022

Solana may not be fully to blame for the wallets attack as shown by a new investigation

August 7, 2022

The second-most populous state in India awards 100,000 certificates on the Polygon blockchain

August 6, 2022

BlackRock and Coinbase collaborate to establish new institutional crypto investment access points

August 5, 2022

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • BREAKING: Curve Finance team advises users not to use its website until further notice following front end compromise August 9, 2022
  • Alessio Rastani: If you’ve lost money in bitcoin, here’s what you NEED to know August 9, 2022
  • Binance stops supporting off-chain transactions in the wake of WazirX, siding with Indian regulators August 8, 2022

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Cosmos (ATOM) COTI (COTI) Decentraland (MANA) DeFi Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2022 · Today in Crypto · Terms & Privacy · Log in