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In a news release following the vote, the Duma said, “These specifications determine that both cryptocurrency and tokens constitute property, identifying key differences between cryptocurrency and tokens on the basis that there is a single issuer (for tokens) or a variety of issuers/ miners (for cryptocurrency), as well as emission goals.” The release went further, stating, “In this document it is directly determined that digital financial assets do not constitute a legal method of payment within the territory of the Russian Federation.”

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