New Russian law bans crypto payments for goods and services

Amidst internal conflict regarding the status of cryptocurrency in the country, Russian President Vladimir Putin signed into law a new bill Friday, "prohibiting the use of digital assets, such as cryptocurrency and NFTs, to pay for goods and services." The new law, Protocol reports, also requires crypto exchanges and providers to refuse transactions in which digital payment can be interpreted as a replacement for monetary exchanges. However, there is language in the final clause of the law that ...