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Benzinga
Benzinga
Business
Madhukumar Warrier

Russia May Soon Recognize Bitcoin And Other Cryptos As Types Of Currency: Local Reports

Russia Russian Central Bank

Russia is likely to soon recognize Bitcoin (CRYPTO: BTC) and other cryptocurrencies as a form of currency as the government and the Central Bank of Russia have reached a deal on their regulation, the Russian newspaper Kommersant reported.

What Happened: The Russian authorities are now preparing a draft law, expected by Feb. 18, that would recognize cryptocurrencies as an “analog of currencies” and not digital financial assets, as per the report.

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