I am an Article about Russia's Hypocrisy on Bitcoin
While we are not sure Bitcoin could ever be listed among the world's greatest conspiracy theories, the Russian lawmakers still seem to be working towards enlisting it as one. Like if the proposed restriction was not good enough, a Russian lawmaker further classified Bitcoin as a tool of the CIA, created only for the purpose of perplexing world peace through terrorism and revolutions. The poorly-researched comments came from Andrei Svintsov, an MP from Russia's Liberal Democratic Party, following a debate held to decide the future course of Bitcoin in the country. "All these....
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The leading business daily in Russia, the Vedomosti, a publication that pegs itself among the likes of the Financial Times and the Wall Street Journal has published an article titled “Deny or Lead the Cryptocurrency Economies”, which is also the editor’s choice at the time of publishing. An article published by the Vedomosti on December 23 argues that Russia is missing the opportunity to embrace an economy that will benefit from a cryptocurrency and is, instead, prohibiting cryptocurrencies such as Bitcoin which is leading to Russia being transformed into a “passive consumer.”
There has been no shortage of chatter surrounding the legalities of bitcoin in Russia, but a new proposal from the country's Ministry of Finance could see the usage of bitcoin effectively banned moving forward. Last week, an announcement came through on the Ministry's own website at regulation.gov.ru with reference to Article 27 of Russian Federal Law. It reads, in part (via CoinDesk.com): According to Article 27 of the Federal Law 'On the Central Bank of the Russian Federation' (Bank of Russia) the official Russian currency is ruble. The issuance of monetary surrogates in Russia is....
Four congressmen have accused the U.S. Securities and Exchange Commission (SEC) under Chairman Gary Gensler of “regulatory hypocrisy and inconsistency.” They added: “While the SEC is failing to comply with federal transparency and record-keeping laws, the SEC is aggressively enforcing record-keeping laws on private businesses.” Gensler’s Regime at SEC ‘Has Been Characterized by Regulatory Hypocrisy and Inconsistency’ Four lawmakers sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, on Tuesday....
The Finance Ministry in Russia, long known for taking an aggressive stance against Bitcoin is now developing a proposal to officially ban bitcoin in Russia. The proposal by the Finance Ministry cites the Russian Central Bank to be the sole issuing authority to create what it sees as the only valid currency in the country, the Russian ruble. The Ministry of Finance in Russia is in the process of proposing new amendments to article 27 of the Russian Federation’s Federal Law on the Central Bank (Bank of Russia). A report published today by Moscow-based publication Izvestia, has revealed that....
In the article "Why The Bitcoin Price Drop Is Really Good News" I mentioned the upcoming issues on the horizon for the U. S. Dollar. Many nations are trading internationally without it now, and these "bilateral trade agreements" are on the rise. Growing global disinterest in the dollar will only increase the need for monetary alternatives that can be easily sent globally, like Bitcoin. Now, news is breaking out of Russia that they may be ready to end their time using the U. S. Dollar as Russia can move from the US Dollar much sooner than we thought. Also read: Russia Plans Bitcoin Ban by....