The Russian government has approved the legislative concept of digital currency circulation supervision

On February 9, local time, insiders of the Russian government revealed that the Russian government has approved the legislative concept of digital currency circulation supervision. The relevant departments of the Russian government will strictly supervise the market circulation of encrypted digital currency in the country, and will further protect the rights of ordinary investors. The Russian Ministry of Finance and the Central Bank will formulate relevant bills before February 18. This means that Russia will not completely ban the use, exchange and circulation of digital currencies in the country.