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Russian President Putin Says Independent Blockchain-Based Payment Network Would Be “Much More Convenient” Than Existing System

A new blockchain-based international payment system could soon take shape, if Russian President Vladimir Putin gets his way.

Russia Intends To Launch a ‘National Crypto Exchange’

Russian lawmakers are working on amendments to launch a national crypto exchange. This effort is reportedly supported both by the Ministry of Finance and the Central Bank of Russia which have a long history of disagreement over crypto regulation in the country. 

Amendments to Russia's Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads

Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services.