Russia passes bill allowing financial services operators to get deeper into digital assets

Russia passes bill allowing financial services operators to get deeper into digital assets Cryptocurrencies

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Under Russia's 2020 law,"On conducting financial transactions using financial platforms", operators of financial marketplaces cannot perform the activities of a credit institution, with few exceptions. There are currently seven organizations in the Central Bank or Russia’s registry of authorized financial platform operators: The Moscow Exchange platform finuslugi.ru, VTB Registrar, Infinitum, Sravni.ru, Open Financial Marketplace, Open Digital Solutions, and Digital Technologies.

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