Although there is a mixed perspective for the crypto money sector in Russia, the country has recently given important approvals regarding cryptocurrencies. The most notable among these was the granting of a crypto trading license to one of the country's largest banks, Sberbank. In addition, the country's blockchain platform Atomyze Russia has also received a license to exchange crypto assets.

In addition to these developments, the Central Bank of Russia maintains its distant stance against crypto assets. Central Bank officials are of the opinion that crypto assets will have financial destabilizing effects in the country.

While the Russia-Ukraine war was going on, the US and Western countries put the country's economy in an extremely difficult situation as the harshest sanctions ever put into effect. Russian authorities, on the other hand, continue to work on new draft laws to overcome these economic difficulties.

bitcoin btc-11

It will be submitted to Putin's approval, which promotes cryptocurrency issuers

The latest draft law, approved by members of the State Duma, the lower house of the Russian Parliament, provides a kind of incentive by exempting crypto-asset issuers and all entities involved in the operation from value-added tax.

The draft law, approved by the State Duma, will now be considered by the upper house and then submitted to Russian President Vladimir Putin for approval to become law.

Bitcoin Btc-4

Bitcoin (BTC) in an effort to rise to $21,000

After seeing a 1.5 percent increase in value today, Bitcoin (BTC) recaptured yesterday's losses and started trading in the $21,000 band again. In the Bitcoin market, which has been falling for the last two days, support came from the level of $ 20,500. The largest cryptocurrency currently has a market cap of $400 billion, with a market dominance of 43 percent.