Report: Russian State Duma to Review Crypto Regulation, Oil-Backed Crypto in Development

The Russian State Duma (the lower house of the Federal Assembly of Russia) plans to review and adopt new cryptocurrency regulation in March.  The former Energy Minister Igor Yusufov is also proposing an oil-backed crypto, Russian financial outlet Rambler reported on Feb. 21.

Furthermore, Rambler reports that the head of the Energia investment-oriented corporation, former Energy Minister Igor Yusufov, also has tangible prospects for proposing an oil-backed cryptocurrency. The construction of the project’s roadmap is reportedly almost at the final stage.

In an interview with Rambler, Yusufov reportedly said that the introduction of a crypto settlement system on the energy market