Log in

Home
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. Russia wants to recognize crypto as a form of currency
News

Russia wants to recognize crypto as a form of currency

Updated: Jul 25, 2024
Published: Feb 9, 2022
0
Share:

According to local news reports, authorities in Russia are planning to recognize digital assets as currency.

Post Feature Image

Russian regulators have reached an agreement

Russian newspaper Kommersant reported this morning and later tweeted that the government and the Bank of Russia have reached an agreement on how Russia should regulate cryptocurrencies. They are now preparing a draft law, expected by February 18. It will define cryptocurrencies as "analogue of currencies" rather than digital financial assets.

The report says that it will only be possible to use cryptocurrencies "in the legal sector" with complete identification through the banking system or licensed intermediaries. It also plans to introduce an "obligation" for market participants to educate Russian citizens about the risks associated with digital assets. Further details from today's Kommersant report indicate that crypto transactions of more than 600,000 rubles (about $8,000) must be declared or constitute a criminal offense.

A big change in plans

The agreement is a significant reversal after the Bank of Russia proposed to ban miners and various other crypto transactions last month because they could jeopardize the country's financial system. Several Russian regulators and lawmakers, including the Ministry of Finance, the Federal Security Service, the Ministry of Internal Affairs, the Federal Tax Service, and others, were involved in the decision-making process on this new approach.

Two weeks ago, Bloomberg already reported that Russian President Vladimir Putin supported plans to regulate crypto mining. At the time, Putin opposed calls from the Central Bank for a blanket ban on cryptocurrencies. The Russian president stated that the country could gain "competitive advantages" from allowing crypto mining activities.

Continue reading by joining Cryptonary Pro

Save 23%

$1,548 $1,197/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund. Terms

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the 3X Value Guarantee work?

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Terms
Recommended from Cryptonary
Market Pulse: A Fundamental Look at Why Hyperliquid is Outperforming
Research Report
Market Pulse: A Fundamental Look at...Over the last couple of weeks, it’s been clear that HYPE has been the strongest asset among majors. ...
4 min read
Feb 8, 2026
BTC, ETH and More: Downside Targets Hit, All Eyes on the Recovery
PRO
Market Direction
BTC, ETH and More: Downside Targets...Bitcoin flushed into the Monthly OB at $65,650 before bouncing back, while Ethereum and Solana both ...
14 min read
Feb 6, 2026
Market Update: Bitcoin Approaches the Buy Zone
PRO
Market Updates
Market Update: Bitcoin Approaches t...Disclaimer: This is not financial or investment advice. You are responsible for any capital-related ...
9 min read
Feb 6, 2026
Market Pulse: Jobs Data Surges, Rate Cut Odds Recede
PRO
Market Pulse
Market Pulse: Jobs Data Surges, Rat...Nonfarm payrolls smashed expectations, sending traders scrambling to reprice rate cut timelines. Wit...
3 min read
Feb 11, 2026
BTC, ETH and More: Relief Rally Stalls, Downside Risks Emerge
PRO
Market Direction
BTC, ETH and More: Relief Rally Sta...Last week’s relief rally played out with precision across majors, but the follow-through never came....
10 min read
Feb 10, 2026
Market Update: Broader Bottoming Process Expected
PRO
Market Updates
Market Update: Broader Bottoming Pr...We’ve likely seen the panic low; now comes the patience phase. Bitcoin’s move off $60k has eased imm...
7 min read
Feb 9, 2026
Market Pulse: A Fundamental Look at Why Hyperliquid is Outperforming
Research Report
Market Pulse: A Fundamental Look at...Over the last couple of weeks, it’s been clear that HYPE has been the strongest asset among majors. ...
4 min read
Feb 8, 2026
BTC, ETH and More: Downside Targets Hit, All Eyes on the Recovery
PRO
Market Direction
BTC, ETH and More: Downside Targets...Bitcoin flushed into the Monthly OB at $65,650 before bouncing back, while Ethereum and Solana both ...
14 min read
Feb 6, 2026
Market Update: Bitcoin Approaches the Buy Zone
PRO
Market Updates
Market Update: Bitcoin Approaches t...Disclaimer: This is not financial or investment advice. You are responsible for any capital-related ...
9 min read
Feb 6, 2026
Market Pulse: Jobs Data Surges, Rate Cut Odds Recede
PRO
Market Pulse
Market Pulse: Jobs Data Surges, Rat...Nonfarm payrolls smashed expectations, sending traders scrambling to reprice rate cut timelines. Wit...
3 min read
Feb 11, 2026
BTC, ETH and More: Relief Rally Stalls, Downside Risks Emerge
PRO
Market Direction
BTC, ETH and More: Relief Rally Sta...Last week’s relief rally played out with precision across majors, but the follow-through never came....
10 min read
Feb 10, 2026
Market Update: Broader Bottoming Process Expected
PRO
Market Updates
Market Update: Broader Bottoming Pr...We’ve likely seen the panic low; now comes the patience phase. Bitcoin’s move off $60k has eased imm...
7 min read
Feb 9, 2026
Market Pulse: A Fundamental Look at Why Hyperliquid is Outperforming
Research Report
Market Pulse: A Fundamental Look at...Over the last couple of weeks, it’s been clear that HYPE has been the strongest asset among majors. ...
4 min read
Feb 8, 2026
BTC, ETH and More: Downside Targets Hit, All Eyes on the Recovery
PRO
Market Direction
BTC, ETH and More: Downside Targets...Bitcoin flushed into the Monthly OB at $65,650 before bouncing back, while Ethereum and Solana both ...
14 min read
Feb 6, 2026
Market Update: Bitcoin Approaches the Buy Zone
PRO
Market Updates
Market Update: Bitcoin Approaches t...Disclaimer: This is not financial or investment advice. You are responsible for any capital-related ...
9 min read
Feb 6, 2026
Research
Top PicksDeep DivesPassive IncomeAirdrop Reports
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for usTeam
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×
popupimage
Our Latest Utility Token Research ReportPreviously locked for Pro members, now available to read in full.
  • tickThe utility token we're tracking closely
  • tickWhy we believe it's still early in the cycle
  • tickWhat we're watching to confirm a structural shift
​
Germany

No spam. No hype. Just the research.