TRUST AND VERIFY

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In Russia, the State Duma deputies made a bill on digital assets and ICO. This bill was submitted by the Ministry of Finance of the Russian Federation. The draft law defines cryptocurrency and tokens as property which is not a legal tender in the Russian Federation. The sale of crypto assets is allowed only through registered exchange platforms and brokers. The Central Bank will determine the full list of permitted operations with the cryptocurrency. The bill introduces a amount of restrictions on the ICO. In particular, the number of funds that a Russian citizen who is not a qualified investor can invest.

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