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Russia Updates Regulations on Crypto Transactions, Harsh Fines Reserved for Defaulters

Russia Updates Regulations on Crypto Transactions, Harsh Fines Reserved for Defaulters | Business Blockchain HQ

Russia’s Ministry of Finance has issued an amendment to its digital currency (cryptocurrency) regulations. Per reports from the local news media Kommersant, the Russian finance ministry proposes to oblige exchanges and exchangers to report digital currency transfers to the tax authority.







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