Russia Updates Its Laws for Cryptocurrencies

The volume of cryptocurrency flows on darknet markets — which are involved in illegal drug and arms trafficking, remittance and transfer of illicit funds — have doubled for the first time in four years, a new report says. Accordingly, Russia has been updating its bribery and Anti-Money Laundering laws regarding cryptocurrencies to aid its burgeoning digital economy.

Related: Presumed Guilty: Financial Watchdogs See Crypto as Illicit by Default

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Source: Cryptocurrency - investing.com

Russia Updates Its Laws for Cryptocurrencies

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