New Rules to Ensure Legal Cooperation By CoinEdition | Media Pyro

• The Russian Federation and the Turkish Ministry signed a bill on establishing legal cooperation.
• The agreement includes a ban on illegal activities such as the illegal use of cryptocurrency.
• The Federation passed a bill legalizing crypto mining, to prevent the misuse of crypto.

Igor Krasnov, the Prosecutor General of the Russian Federation, and Bekir Bozdag, the Head of the Ministry of Justice, signed a new bill on the establishment of international legal cooperation between Russia and other countries. One of the key areas of the operation is the prevention of information crimes including the illegal use of cryptocurrencies and other digital assets.

The Prosecutor General of the Russian Federation mentioned the new initiative:

Appropriate judicial and investigative processes have been developed in Russia, laws on digital assets are being revised, and the Central Bank’s digital ruby ​​base is being hacked. We have something to share.

Last year, an international conference on the use of advanced technology in crime was submitted to the UN special committee. Krasnov said when discussing the legal use of technology:

Russia’s approach to the document suggests that it is vulnerable to many activities in this area since these technologies are widely used to promote extremist ideas, attempts to influence the political culture and the minds of ordinary people.

In addition, the Russian Federation has also initiated a legal proposal to legalize crypto mining, as part of the prevention of illegal use of cryptocurrencies.

Anatoly Aksakov, the Chairman of the Parliamentary Finance Committee, said that the bill was intended to legalize cryptocurrency mining and its distribution. However, he added that the law allows cryptocurrencies to be used as payment only outside the country, “in a foreign jurisdiction”.

Interestingly, the law is considered a “new idea for the development of financial markets” in the country, which makes it easy to use crypto currency and have opportunities.

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