Russia’s State Duma expects explosion of crypto issuance in 2021

imageCryptocurrency45 minutes ago (Dec 24, 2020 10:00AM ET)

Russia’s State Duma expects explosion of crypto issuance in 2021

The Russian government is anticipating more cryptocurrencies to be issued in the local market in 2021, according to a senior official.

Anatoly Aksakov, a member of the Russian State Duma and a key representative of local crypto legislation efforts, said that the Duma’s Committee on Financial Markets expects Russian crypto issuance to surge after the adoption of the country’s new crypto law on Jan. 1, 2020. Passed in July 2020, the law “On Digital Financial Assets” provides legal status to crypto, but bans people from using cryptocurrencies like Bitcoin (BTC) as a payment tool.

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Russia’s State Duma expects explosion of crypto issuance in 2021

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