The cryptocurrency situation in Russia has always raised a lot of questions which can’t be answered. Whether crypto trading will be officially allowed or subject to jail time remains to be determined at this point. Russian media sources claim the Ministry of Finance has drafted a new bill to legalize cryptocurrency trading on organized trading platforms. It’s a rather interesting development, although this proposal will still need to be approved first.
Over the past few months, we have seen multiple stories regarding the future of cryptocurrency in Russia. It is obvious most government officials do not see eye to eye on this topic. Proposals have ranged from legalizing cryptocurrency to only allowing trading by accredited investors, and even putting exchange operators behind bars for multiple years. It is evident this topic is very controversial in Russia, and there is no official indication as to what the future may hold. Rest assured this is not the last time this topic will be touched upon either.