FBI Cautions Of Increase In Cryptocurrency Romance Frauds.
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Russia Partially Lifts Ban On Crypto Payments.
2021-05-24 | Mike Hallen
“We believe that it's necessary to form amendments to the Civil Code, the initiative is presently undergoing a necessary approval procedure. Currently, there's an understanding that digital currency isn't legal as payment but this payment method, quite possibly, is often contractual.”As reported earlier, Russia enforced its cryptocurrency payment ban this January, officially prohibiting residents from making and accepting payments in crypto within the country. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, argued last year that legalizing cryptocurrency payments would essentially mean the “destruction of the economic system.” Aksakov is confident that Russia’s not-yet-launched CBDC is poised to be the “highest sort of money” and can become an integral part of national settlements by 2023 or 2024.
