Russia’s Ministry of Finance Now Intends to Allow Bitcoin Buying and Selling Abroad
An official from Russia’s Ministry of Finance has indicated the financial regulator now supports changes to a proposed law that would still ban bitcoin domestically but carve out provisions for its use as a foreign currency. In a new interview with state-owned newspaper Rossiyskaya Gazeta, deputy finance minister Alexei Moiseev said the change in tone is part of a broader effort to limit the use of alternatives to the ruble domestically, while removing uncertainty for those working with blockchain, its underlying distributed ledger technology. The announcement represents a significant....
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The draft bill comes after the government gave the green light to Bitcoin regulation, disregarding the Bank of Russia’s concerns.
Russia’s Deputy Finance Minister, Alexey Moiseev, has revealed that the latest version of the draft law would treat cryptocurrency trading just like foreign currency exchange (forex), allowing its purchase and subsequent use abroad for Russian citizens. From Russia with Bitcoin. Russian authorities want to equate Bitcoin to foreign currency, revealed....
Russia will not have Bitcoin regulation anytime soon as the country's finance ministry considers reviewing the current draft law. Russia’s stance towards Bitcoin and other cryptocurrencies has taken a U-turn. Last week, the country’s finance ministry stated that it is not in a hurry to introduce the Bitcoin draft law. The ministry is planning to review the draft once again. Alexei Moiseev, the Deputy Finance Minister of Russia has announced that the ministry will not be pushing for a direct blanket ban on Bitcoin in the country. According to Moiseev, the review process will involve the....
While its government has yet to issue a firm ruling on Bitcoin, Poland’s Ministry of Finance is on record saying Bitcoin is at least not illegal. Speaking at a seminar on Bitcoin legality last week in Warsaw, Szymon Wozniak, an official representative of the finance ministry, said: “What is not forbidden is permitted. However, we certainly cannot consider Bitcoin to be a legal currency.” Instead, the Polish government intends to keep an eye on Bitcoin’s development, he said. “We expect [Bitcoin] users to declare whether they want the state to protect and regulate, or to remain uninvolved.”....