Russia Delays Adoption of Crypto Regulation Due to FATF Order to Legislate Bitcoin

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The Financial Action Task Force on Money Laundering is requiring Russia to include the word “bitcoin” in its crypto legislation. Russia has postponed the adoption of crypto legislation due to a requirement from the Financial Action Task Force on Money Laundering (FATF), local news agency TASS reports on May 21.According to the report, the FATF has recently ordered Russian lawmakers to expand the terminology of the federal bill on the regulation of crypto assets, requiring that the country legislate major industry terms such as cryptocurrencies and bitcoin (BTC).Russia’s major crypto bill, “On Digital Financial Assets” (DFA) was passed by the…
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Russia Delays Adoption of Crypto Regulation Due to FATF Order to Legislate Bitcoin

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