{"id":36273,"date":"2021-02-11T13:49:15","date_gmt":"2021-02-11T11:49:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36273"},"modified":"2025-08-29T05:30:32","modified_gmt":"2025-08-29T02:30:32","slug":"opinion-mastercards-cryptocurrency-payment-support-in-russia-could-be-hindered-by-the-on-dfas-law","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-mastercards-cryptocurrency-payment-support-in-russia-could-be-hindered-by-the-on-dfas-law\/","title":{"rendered":"Opinion: Mastercard’s cryptocurrency-payment support in Russia could be hindered by the ‘On DFAs’ law"},"content":{"rendered":"

The forthcoming Mastercard’s acceptance of cryptocurrency payments<\/span><\/a> may face questions in Russia due to the peculiarities of the legislation, said ForkLog partner at the Digital Rights Center law firm, Mikhail Tretyak.<\/span><\/p>\n

He noted that Mastercard is rolling out operations with digital assets primarily for settlements for various goods and services. However, the Law on Digital Financial Assets (\\”On DFAs\\”) directly prohibits accepting digital currencies as payment, the lawyer said:<\/span><\/p>\n

\n

\u201cThat is, using Mastercard’s proposed functionality for buying coffee, paying for repairs, or paying for a personal trainer\u2019s services will clearly be prohibited \u2013 it would only be usable for buying and selling cryptocurrencies and, possibly, DFAs. There will be no payments \u2013 there will be no taxes; the math here is extremely simple.\u201d<\/span><\/p>\n<\/blockquote>\n

The DFA Law also forbids disseminating information about offering and accepting digital currencies as payment.<\/span><\/p>\n

\n

\u201cThat means Mastercard is effectively prohibited from conveying information about the possibility of paying with cryptocurrency for goods, works, and services to Russian citizens,\u201d Tretyak said.<\/span><\/p>\n<\/blockquote>\n

There is a strong probability that in the future Mastercard settlements could use the digital ruble, given the Bank of Russia’s increased interest in issuing its own digital currency<\/a>, the lawyer noted.<\/span><\/p>\n

As previously reported, the State Duma passed the On DFAs law in July last year. It came into force on 1 January 2021.<\/span><\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

The forthcoming Mastercard acceptance of cryptocurrency payments may face questions in Russia due to the specifics of the legislation, according to Mikhail Tretyak, a partner at the Digital Rights Center law firm.<\/p>\n","protected":false},"author":1,"featured_media":36274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,70,27],"class_list":["post-36273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-mastercard","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36273"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36273\/revisions"}],"predecessor-version":[{"id":36275,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36273\/revisions\/36275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36274"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}