The Russian State Duma is set to deliberate on a bill to regulate digital currencies after President Vladimir Putin highlighted the urgency of regulation for use both domestically and with other countries. Speaking at a meeting on July 17, Putin highlighted the necessity for Russia “not to miss the moment” with cryptocurrencies, and called on Parliament to work on creating “legal framework and regulation in a timely manner,” including taxation and tariffs. Since 2020, cryptocurrencies like Bitcoin have been legal in Russia, but may not be used to pay for goods and services. However, whether th…
