Russian Government Agrees on Road Map to Regulate Crypto: Report

Posted on by American Coins & Gold

Russian Government Agrees on Road Map to Regulate Crypto: Report
The Russian government plans to have regulations for cryptocurrencies in place by the end of the year, according to a road map reviewed by the Russian news agency RBK, a stance that highlights the opposing position of the Bank of Russia, which last week called for a full ban on crypto trading, mining and payments.The road map, signed by the deputy chairman of the government Dmitry Chernyshenko, according to RBK, suggests introducing know your customer (KYC) and anti-money laundering (AML) rules for cryptocurrency platforms, defining their regulatory status, mandating a supervisory body and establishing penalties for those who don’t play…