Russia bans the use of Bitcoin, Ethereum, NFTs and other digital assets for payments of goods and services

Russian President Vladimir Putin has signed into a law a bill that bans the use of digital assets, including cryptos such as Bitcoin (BTC), Ethereum (ETH) and non-fungible tokens (NFTs), as payment for goods and services in the country. This means that while Russian crypto investors can still buy and sell BTC, ETH and other tokens, no establishment will accept them as payment. On Friday, President Putin signed a law that prohibits the use digital financial assets as a consideration for transferred goods, performed works, rendered services, as well as in any other way that allows one to...



source: https://tokenpost.com/Russia-bans-the-use-of-Bitcoin-Ethereum-NFTs-and-other-digital-assets-for-payments-of-goods-and-services-9682

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Source: NewsService