Moscow tried to tackle its financial needs by shifting over to ally currencies, but struggled to skirt the threat of secondary sanctions due to the use of dollars and euros globally.
Al-Naji ran a site called BitClout and, according to the SEC, siphoned millions for personal expenses, including a Beverly Hills mansion.
Russia's lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia's state-owned domestic news agency reported.
The State Duma passed two bills on Tuesday.
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Proposed legislation regarding a strategic reserve of bitcoin for the U.S. government poses far more questions than answers at the moment.
Proposed legislation regarding a strategic reserve of bitcoin for the U.S. government poses far more questions than answers at the moment.
