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Russia’s central bank tightens digital asset rules and implements stricter foreign exchange business regulatory standards
Editor
2025-01-12 15:01 9,484
According to news on January 12, the Central Bank of Russia has introduced regulations to manage foreign exchange businesses involving digital rights. Under Russian law, digital rights include electronic records such as cryptocurrencies, tokenized securities and digital tokens. These rights represent claims or obligations related to assets or services. The new decree, which will take effect on January 11, outlines the obligations of residents engaged in such transactions, aiming to clarify and strengthen supervision of the use of digital assets for trade and payment purposes. A key requirement outlined in the regulation is that foreign trade contracts involving the settlement of digital rights must be registered with an authorized bank.
Keywords: Bitcoin
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