Russian Finance Ministry has proposed new cryptocurrency regulations in Russia to classify cryptocurrencies under three separate legal categories. This marks another recent step by the Russian authorities to acknowledge and regulate the cryptocurrency market in the country. The report of this classification proposal also mentions the increasing acceptance of the crypto market by the Russian authorities. As per Alexei Moissev, Russian Deputy Finance Minister, the legal classification of cryptocurrencies will be categorized into three types, namely ‘Virtual Assets,’ ‘Technical Tokens’ and ‘Digital Finance Assets.’ Cryptocurrency regulations in Russia to get comprehensive Most countries where crypto is regulated also follow a
