Russia’s National Finance Association Calls for Legalization of Crypto Investments

Russia’s National Finance Association Calls for Legalization of Crypto Investments


The main finance industry association of Russia has urged authorities to reconsider a position against crypto investments in the nation’s financial market strategy. The organization insists that the crypto investments of Russians should be brought out of the “gray zone” instead of being banned.

Finance Industry Body Urges Government to Regulate Operations With Crypto Assets

The Russian National Financial Association (NFA) has issued a call to amend the country’s Strategy for Development of the Financial Market of the Russian Federation Until 2030 in the part concerning investments in cryptocurrencies, RIA Novosti and Prime reported, quoting the proposal. The NFA unites over 200 entities active in Russia’s financial market.

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The strategy now states that the Russian government and Bank of Russia will continue to oppose the

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