Is 2016 the Year Russia Legalizes Bitcoin?
The Deputy Chairman of the Russian State Duma Committee — the lower house of the Russian legislature — spoke about cryptocurrencies today. The deputy had a few interesting things to say about Russia’s hardline stance on cryptocurrencies in the past and possible future of the legality of Bitcoin in Russia, particularly for settlement with individuals and peer-to-peer transactions. According to a report by prominent Russian news agency TASS, the deputy chairman spoke broadly about cryptocurrencies and Bitcoin today. Andrei Lugovoi, the Deputy Chairman of the Russian State Duma Committee for....
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The successful Cryptoforum Russia event may pave way for a strong public-private sector collaboration in cryptocurrency projects soon. Russia is known for its prolific cryptocurrency community. In the midst of regulatory uncertainties, the community is actively involved in finding new applications of Bitcoin and its underlying blockchain technology in regular day to day applications. As a part of their continued effort, BitNovosti and EthClassic.ru jointly had recently organized the first Cryptoforum Russia event at the Moscow Center auditorium. The event saw participation from some of the....
Depending on how soon all involved parties can come to an agreement, the law proposal will be submitted to the Duma by the end of 2016. The status of Bitcoin in Russia has been up in the air for quite some time now. There only seems to be two courses of action: either Bitcoin would be banned, or it would be allowed. But perhaps there is a third option on the table, as authorities want to label Bitcoin as “foreign currency”. Russia Still Tangoes With Bitcoin. Putting Bitcoin on the same level as foreign currency in Russia would have some interesting consequences. Using Bitcoin in the....
Russia and digital currency are in the news together yet again, only this time, it's not out of an ongoing war of words, but because Russia is in the process of creating a cryptocurrency of its own. Known as the bitruble, the virtual currency will likely be launched next year through its parent company Qiwi if financial advisors in Russia are willing to look beyond their fears and distrust of bitcoin, a regular topic amongst monetary experts in the country. So far, the nation has had a public up-and-down relationship with cryptocurrency. Following a 50 percent drop in the value of the....