Russian Finance Ministry submits crypto regulatory framework for

In a new twist of the Russian crypto regulation saga, the country’s Ministry of Finance has come forward with an initiative that stands in stark contrast with the central bank’s hardline position.

The Central Bank of Russia recently called for a ban on crypto trading and mining activities throughout the country. Citing volatility, environmental impact and use in illegal activities, the central bank published a report calling regulators to implement a total ban and impose strict sanctions on violators.