In what could be a unique step towards the sanction and acceptance of cryptocurrencies as a medium of exchange, Russia is presently preparing a draft law which, when brought into force, will allow certain industries to conduct financial transactions using cryptocurrencies and other digital assets. As reported by the Russian media, the law being drafted by Russia’s Ministry of Economic Development will allow certain entities in fields such as IT and those working with blockchain technology to utilize digital assets for any transaction. The law is said to be experimental in nature, to be applied to select ‘pilot’ ... (full story)