Russia introduces draft cryptocurrency law

The Russian Ministry of Finance has drafted a bill defining the main cryptocurrency terms, allowing mining and regulating digital assets, the trading of tokens, initial coin offerings (ICOs) and cryptocurrencies.

The draft law, called the Federal law "On digital financial assets", outlines the requirements for projects that launch ICOs and for investors who want to participate in the token sales.
The draft law contains a number of definitions.For example, "digital financial assets" are assets in electronic form created using encryption devices and include cryptocurrencies and tokens, which may not be used as official means of payment.

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