Russian regulation for NFTs could arrive via proposed amendments to existing laws

With the rising popularity of non-fungible tokens (NFT), various authorities worldwide are already making preparations to regulate the niche. For instance, NFT regulation in Russia could arrive by introducing changes to existing laws in the country to make them more suitable for the non-fungible token market. The Ministry of Economic Development plans to introduce several amendments to the law On Digital Financial Assets and the Civil Code to enable them to regulate Russias NFT market, according to Under the initiative of the ministry, a special working group held a meeting to...


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