Bitcoin News

Russian Policy Chief: Crypto Impossible To Regulate, Let’s Block It

The man charged with overseeing Russia’s long-awaited crypto regulations said that new legal amendments will be ready “in about a month” – but hinted that Moscow may now seek to “block” cryptocurrency-related activity rather than police it.

Speaking to media outlet RBC, Anatoly Aksakov, the head of the State Duma Committee on Financial Markets, stated that a “decision” on new legal changes would be forthcoming by the end of October.

The media outlet quoted Aksavov as stating that an already-approved piece of legislation that comes into force on January 1, 2021, “creates the opportunity for active use, including crypto-instruments, stablecoins and smart contracts.”

However, he added,

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