The Russian cabinet has reportedly thrashed out an agreement with the Central Bank on the matter of cryptoassets. Widespread media reports from the likes of Kommersant, as well as CNet explained that the agreement would see a draft law rolled out by February 18.
Although the draft document will reportedly see a slew of tight restrictions imposed on crypto ownership and circulation – with crypto exchanges brought under a strict regulatory umbrella – the document is set to define crypto as a type of “currency analog,” instead of a “digital financial asset.”
More details to follow
Source: Cryptonews
