Global #Anatoly Aksakov

Anatoly Aksakov, a high-ranking official in the Russian State Duma, recently confirmed that Russia will maintain a strict ban on using cryptocurrencies for everyday transactions.

In a significant development for the cryptocurrency landscape in Russia, Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Markets, has announced that the country will implement regulations governing cryptocurrency trading by November.

In response to escalating international sanctions impacting its financial landscape, Russia is intensifying efforts to regulate cryptocurrency usage.

Russia will impose severe limitations on the widespread use of digital assets like Bitcoin as of September 1. It will only accept digital financial assets issued within its borders.