Regulatory debates, mining, sanctions dynamics, and Russia’s complex crypto environment.
Russia approved a draft bill to exempt cryptocurrency issuers from VAT as part of its ongoing pro-crypto legislation.
Samuel Wan 2 min read 
While the Russian government is looking to adopt crypto for international payments, the Central Bank and Finance Ministry are yet to reach a consensus on crypto regulation.
Russian government agencies are yet to agree on whether crypto should be regulated or banned.
Coinbase has asked select users to provide documents that prove they are not subject to EU sanctions before May 30.
A Reuters report stated that Russia requested for information concerning the country’s opposition leader from Binance.
Binance's latest restrictions target Russian citizens and entities that hold over $10,885 in their crypto wallets.
Russia's Ministry of Finance is working on draft regulations that will legalize crypto as a payment method.
The Belarusian crypto exchange Currency.com announced on Tuesday they will put a halt on trading on behalf of Russian citizens following Russia’s invasion and war in Ukraine.
No data backs the Russian PM statement of Russians spending around 10 trillion rubles on crypto.
