##Russia updates crypto law, prohibits buying goods with Bitcoin - Classified Ad

##Russia updates crypto law, prohibits buying goods with Bitcoin - Classified Ad: Visit - https://t.me/cryptosignalalert Russia has updated its crypto law. It’s not as strict as proposed earlier drafts but has rendered currencies like Bitcoin basically useless.In briefRussia today approved a bill on digital assets in a third and final reading.The bill gives legal status to cryptocurrencies—but says they cannot be used to pay for goods and services.Russia has long treated currencies such as Bitcoin with scepticism.Russia has passed a bill that legally recognizes cryptocurrencies such as Bitcoin—but doesn’t allow them to be used to buy anything.  The third reading of the law recognizes digital currency “as an aggregate of electronic data capable of being accepted as the payment means” and gives it legal status, but adds it “cannot be used at the same time to pay for any goods of services,” TASS news agency reported today.   In May, draft bills revealed that buyers of cryptocurrencies such as Bitcoin could be handed hefty fines or up to seven years of prison time. One bill said that the issuance of crypto in Russia would all but be prohibited and those already holding digital assets would have to register them with the authorities and give explan