Russia Will Not Ban Libra


Russia is more likely not to ban the new cryptocurrency, Libra, that was created by American social media giant Facebook.

According to Russia’s deputy finance minister, Alexei Moisseev, states that a legislative framework for crypto assets will soon be formed and like any other cryptocurrency, the Libra project will fall under it.

Moisseev states that there will be no banning of cryptocurrencies and reveals that a large number of businesses often ask when it will be possible to legally conduct an ICO transparently to which he answers will be regulated and permitted.

Russia has been trying for several years to release a regulatory framework that would be amenable to all stakeholders in the country but has seen several delays in the past despite the order of President Vladimir Putin to adopt regulations for the crypto sector.

It is interesting to note that this recent statement from Moisseev directly contradicts a recent state press report that suggested that Libra will be illegal in the country.


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: http://cryptowarrior.tech/regulations/russia-will-not-ban-libra/

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