Alexei Moiseev, Russia’s deputy finance minister, stated that the Federal Tax Service would serve as the primary regulatory body in charge of regulating the nation’s cryptocurrency business. In other words, market participants will enter through the tax service. The Central Bank of Russia and the Federal Financial Supervisory Service will both be active in regulation. However, Moiseev emphasized that the Federal Tax Service will be the main regulating entity outside of banks for regular individuals dealing in cryptocurrencies. This declaration clarifies the Russian government’s strategy for controlling the nation’s ... (full story)