Russia is banning crypto payments

Russian President Vladimir Putin signed a law banning the use of digital assets as forms of payments in Russia. The new law is set to take effect in 10 days. The law also includes a provision that requires crypto exchanges and providers refuse transactions in which digital assets could be construed as a form of payment. The Russian government has seen internal conflict on crypto regulation, with various agencies at odds with each other on whether to ban crypto outright or just regulate it. The Central Bank of Russia had called for a crypto ban in January, which the Ministry of Finance opposed, saying regulation is sufficient to protect our citizens. U.S. and EU bodies have even added specific crypto wallet addresses to sanction lists. But experts have warned that sanctions evaders would be ill-served by trying to use cryptocurrencies Source