Russia’s Ministry of Justice Latest to Criticize Proposed Crypto Ban

Russia’s Ministry of Justice Latest to Criticize Proposed Crypto Ban

Russian Ministry of Justice, Moscow (VLADJ55/Shutterstock)

Russia’s new draft bill prohibiting crypto operations in the country has again suffered a less-than-glowing review from an arm of government. 

The nation’s Ministry of Justice opposed the draft new regulation Tuesday, a week after the Ministry of Economic Development also . The bill was introduced by lawmakers in March but is broadly believed to be the brainchild of the country’s central bank, which has a to crypto. The proposal met some from Russia’s crypto community after being unveiled.

According to Russian newspaper , Deputy Minister of Justice Denis Novak prepared the ministry’s comment for the draft bill, criticizing the proposal’s inconsistency. 

The ministry’s press office confirmed to CoinDesk he wrote the response, adding his feedback was sent to the Digital Economy think tank, which is working with the government on policy issues.

Bitcoin News Roundup for June 18, 2020

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