Russian President says “No’ to cryptocurrency as mode of payment

According to the Russian legislative support system website, Russian President Vladimir Putin signed a federal law prohibiting the use of digital financial assets as a form of payment, On July 14.In light of the new regulations, “monetary surrogates” like digital assets and digital rights cannot be used to pay for goods or services. Other monetary units are likewise prohibited, cementing the ruble’s position as the sole legally acknowledged currency inside the Russian Federation.