Russia's crypto law is a mixed bag, according to industry execs

Cointelegraph

Published Sep 11, 2020 08:09AM ET

Updated Sep 11, 2020 09:40AM ET

Russia’s new cryptocurrency-related law, “On Digital Financial Assets,” or DFA, seems to have had little impact on the local cryptocurrency industry so far.

In its current form, the DFA law essentially provides legal status to digital assets like Bitcoin (BTC), but prohibits their use for payments in Russia.

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