Market news | The Central Bank of the Russian Federation has prepared a bill to ban the issuance and organization of circulation of private digital currency in the Russian Federation, fines up to ₽1 million

The Central Bank of the Russian Federation has prepared a bill banning the issuance and organization of circulation of private digital currency onterritory of the Russian Federation

The Central Bank of the Russian Federation proposed fines of up to 1 million rubles for non-compliance with the ban on the issuance and circulation of private digital currency in Russia

The bill of the Central Bank prohibits banks and subjects of the national payment system from owning private digital currencies

The bill of the Central Bank prohibits the dissemination of information about private digital currencies and their release in the Russian Federation

The bill establishes a ban on organizingissuance, issue, organization of circulation of private digital currency on the territory of the Russian Federation, including the creation and operation of legal entities in the Russian Federation, activities of individuals contributing to the organization of the issuance, issue, organization of circulation of private digital currency on the territory of the Russian Federation or outside the territory of the Russian Federation

- explanatory note

The Central Bank has prepared drafts on a ban on the issuance and circulation of private digital currency in the Russian Federation (fomag.ru)

The Central Bank has prepared a bill to ban the issuance and circulation of private digital currency - Economics and business - TASS (tass.ru)