Vladimir Putin, the Russian President, has signed a law banning the use of cryptos or other digital assets as a mode of payment for services and goods in Russia. Doing so has made crypto payments illegal, reconfirming the ruble as the only accepted monetary unit in the Russian Federation.
Finance Minister of India, Nirmala Sitharaman has tuned to the G20 nations to include cryptocurrency within the ‘Automatic Exchange of Information’ framework. Over 100 nations have adopted the Common Reporting Standard under the framework. The finance minister discussed crypto during the G20 Ministerial Symposium on Tax and Development in Bali, Indonesia on Friday.