Russian Government to Hold Key Crypto Regulation-themed Meeting Today
Source: Mikhail/Adobe Russian ministers have tabled a meeting on the thorny matter of crypto regulation today – as the government attempts to finalize its much-delayed attempts to police the sector. A stand-off between the relatively pro-industry Ministry of Finance and the more conservative Central Bank has resulted in a regulatory impasse for the sector that has lasted several years. Efforts to regulate the sector thus far have resulted in delay after delay. And while a small amount of common ground has been found as the bank reluctantly warms to crypto, the two parties are still some way apart when it comes to crypto legislation . To date, the only piece of crypto-related legislation passed by Russia’s State Duma has been a law that prevents the use of crypto as a form of payment. The law was dismissed by experts as a “mere glossary of terms.” But it appears that the Kremlin is running out of patience &ndash ; and wants the parties to fina...