Russia’s Bitcoin Ban Expected in August; Expert Recommends Businesses ‘Get Out’
The proposed law to ban Bitcoin in Russia is expected to be passed in August of this year, as a crypto-legal expert recommends businesses “get out of Russian jurisdiction.” With the Bitcoin Conference Russia currently underway in Moscow, more details about the controversial proposal to ban cryptocurrency in Russia have emerged with the likelihood of the law being passed in August of this year. Moreover, Artem Tolkachev, a managing partner from the legal firm Tolkachev and Partners, presented the estimated fines that could be expected for using, distributing (including information) and....
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The week features a busy calendar with manufacturing data from several major economies, as well as several central banks making rates statements. China manufacturing came in lower than expected and the market watches US unemployment figures as the countdown to a September Fed rates hike continues. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Sun 2 August. China Caixin Final Manufacturing PMI (actual: 47.8 expected: 48.3 previous: 48.2). Mon 3 August. UK....
Russia’s Central Bank may soon allow and regulate transactions in Bitcoin, according to a leading Moscow newspaper. In a possibly dramatic change of attitude towards cryptocurrency, the Russian Central Bank may soon allow P2P transactions in Bitcoin, as well as other operations with cryptocurrencies, according to Izvestia, one of Russia’s leading news publications. The Central Bank has historically been more open to Bitcoin than Russia’s Ministry of Finance. Next week, they will meet with financial market representatives to discuss how to approach cryptocurrency as a whole in Russia. “The....
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