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The Russian government has come up with a plan to bring more of the country’s economy out of the shadows and legalizing crypto is listed as a priority. President Putin recently urged the executive power to speed up its implementation, including measures to curb the widespread illegal minting of digital currencies. Moscow moves to clean up Russia’s economy on Putin’s order Authorities in Russia are taking on the task to “whiten” the nation’s economy, reports in the local press revealed this week. Crypto will be in the focus of these efforts, alongside cash and gold. Systematic work to reduce the size of the “gray” sector has already started at the government, after the intervention of the head of state, an article by the business daily Vedomosti unveiled Friday. On December 15, Russian Deputy Prime Minister Dmitry Grigorenko presided over a meeting of the Cabinet of Ministers to discuss expediting the drafted plan. The latter will be revised by the Ministry of Finance by December 19, to take into account the tight new deadlines suggested by Vladimir Putin, and submitted by December 22. A series of legislative amendments and new laws must be proposed by the relevant ministries and filed by January 26, the report detailed, quoting a source from the Minfin who emphasized: “A significant number of bills will be prepared, both establishing new regulations and amending existing ones.” The government presented Putin with the plan to “clean up” the economy at a meeting of the Council for Strategic Development and National Projects on December 8. The Russian leader noticed that most of the tasks in it were slated for the last quarter of 2026, months after the scheduled increase of VAT in January, and ordered that the whole process be accelerated. Putin reportedly stressed Russian officials should take it…

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Filed under: News - @ December 19, 2025 4:26 pm