Russia's central bank tightens digital asset rules and implements stricter regulatory standards for foreign exchange operations
2025-01-12 06:52:22
12 news the Russian central bank has been issued Taiwan law regulations management involvingdesk3cryptocurrencydesktopCrypto News
On January 12 news, the Central Bank of Russia has introduced regulations to manage foreign exchange business involving digital rights. According to Russian law, digital rights include electronic records such as cryptocurrencies, tokenized securities and digital tokens. These rights represent claims or obligations related to assets or services. The new decree, which will come into force on January 11, outlines the obligations of residents engaged in such transactions and aims to clearly define and strengthen supervision of the use of digital assets for trade and payment purposes. A key requirement outlined in the regulation is that foreign trade contracts involving the settlement of digital rights must be registered with authorized banks.
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