How Bitcoin Adoption in Russia Can Favour Trust wallet etc

users of trust wallet are on rise recent survey shows that binance trust wallet is gaining momentum in russia due to fall on rubel russian currency people are using us dollar to rate their products using private wallets on crypto currencies

Per a report from local news outlet Kommersant, the Russian Ministry of Finance has completed a bill addressing crypto payments in the country. The document was obtained by the local news website and confirmed by two different sources.

The bill could finally provide citizens and Russian crypto investors with clarity around digital assets and digital mining. Called “On Digital Current”, the document addresses previously unexplored aspects of Russian regulation for this nascent asset class.

Among these aspects is the classification of digital currency, the legal framework for its issuance and legal circulation in Russia, certifications, trading, and more. As Kommersant noted, Russian entities will need to be granted permission to trade cryptocurrencies and will need to comply with a rigorous identification process. The local media noted:

According to the draft law, digital currency can be accepted as a means of payment that is not the monetary unit of the Russian Federation, as well as an investment, while there must be no obligated person in relation to it.

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