Russia’s crypto industry may have all it needs to start legally functioning by year-end, according to reports. 

The deputy governor of the country’s central bank, Vladimir Chistyukhin, said that regulations were moving ahead as scheduled, Interfax reported on Monday. 

Russia this year has pressed ahead with crypto legislation. President Vladimir Putin in August signed a law to set in stone the regulation of digital currencies and digital rights in the country — although using bitcoin for payments is still banned. 

“Right now we are talking about creating subordinate regulation; it is very large and significant,” Chistyukhin was quoted saying, adding that the…

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