Russia to decide between blanket crypto ban and legalizing exchanges in 2022
A recent report shows that Russia could potentially see a countrywide ban on cryptocurrency. Alternatively, its possible that crypto trading via regulated exchanges may continue under strict oversight.
On the one hand, Russias central bank is said to be behind a potential move to make crypto illegal in the country, according to Reuters. On the other hand, Anatoly Aksakov, who heads the Russian parliaments Committee on Financial Markets, publicly disclosed that the industry may continue to operate under regulations that would ensure greater tax compliance. However, Aksakov left open the possibility of an outright ban.
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