Russia Gears Up to Regulate NFTs Through Legislative Amendments

Jul 28,2022
KingData News: Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. Bank of Russia, known for its hardline stance on cryptocurrencies, insists that the Ministry of Economy should not deal with the issues related to the regulation of digital tokens. According to the monetary authority, these fall under its competence and that of the Finance Ministry. The regulator opposes the legalization of the circulation of cryptos like bitcoin in Russia and their use for payments.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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