Home Blockchain News Facebook’s Crypto Libra Won’t Be Legalized in Russia: State Press

Facebook’s Crypto Libra Won’t Be Legalized in Russia: State Press

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By CCN Markets: TASS, a major news agency in Russia wholly owned by the federal government, has reported that Russia will not legalize Libra, merely days after its highly anticipated announcement. An excerpt from TASS’ report read: “Russia will not legalize the use of Libra cryptocurrency, which Facebook plans to introduce into circulation in 2020. This opinion was expressed by the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, in an interview with the radio station Kommersant FM on Tuesday.” With France and the U.S. currently evaluating Libra based on existing regulatory frameworks governing the crypto sector,

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* First published on ccn.com

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