Russia Shares Plan To Regulate Bitcoin, Crypto

The Russian government published a document on Tuesday night outlining principles for regulating bitcoin and cryptocurrency in the country.

Russia will follow the Ministry of Finance’s suggestion to regulate bitcoin and cryptocurrencies instead of banning them as previously recommended by its central bank.

The Russian government published a document on its official website on Tuesday night that outlines the rationale behind the decision and what plans for the legislation could look like, marking a consensus reached with a Bank of Russia that for weeks vouched to outlaw trading and mining completely.