Russia will not develop a separate regulation for Facebook’s cryptocurrency Libra, according to Deputy Finance Minister Alexei Moiseev, Interfax reported on July 1
Moiseev stated that Russia will not introduce separate legislation for Libra as there will be uniform rules for all circulating digital currencies. "No one is going to introduce a ban. A large number of businesses ask when it will finally be possible to legally conduct an ICO [initial coin offering] transparently. This will definitely be regulated, permitted, and that is about it," Moiseev said.