The State Duma of the Russian Federation recently adopted a law “On digital financial assets.” After that, it was approved by the Federation Council.
What does it mean for us with you?
The law defines the concept of “digital currency” and allows investing in and selling it but prohibits using it and paying Russians with it.
The law forbids stores from accepting payments in cryptocurrency, but exchange offices can officially operate by obtaining a special license.
Of course, getting this license is difficult and expensive, but our goal is to provide services legally and with maximum comfort for our clients, so we are closely following the news and will try to get this license.
According to this law – owners of any digital currencies are obliged to notify the state about their assets. So far, the verification, which the law requires, is simple enough, without the option of freezing the client’s funds, unlike many exchanges.
We will do everything to ensure that our work is legal, your use of our service – convenient, and verification will not cause difficulties.
The law will take effect on January 1, 2021. In the meantime, we work, as usual, following the news and keeping you informed!
