‘The cryptoruble is the future’ says Russian policymaker
The parliament member claimed that there are no anti-blockchain voices in the Russian government Anatoly Aksakov, the head of the Russian parliament’s Financial Markets committee, had some good news for blockchain fans in Russia. According to Aksakov, there are “no anti-blockchain voices” in the government and he believes that a digital ruble pilot will start in 2021.During a panel held on October 21 as part of the Blockchain Life 2021 conference, the policymaker said that the central bank had already started consultations on the feasibility of launching ‘cryptoruble’ pilots. He considers....
Related News
Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments. Defi platform Indefibank, which is behind the project, says the token will be pegged to the national fiat but independent from a state-issued digital ruble.
Cryptoruble to Give Russian Companies Another Option for International Settlements
Work is underway in Russia to launch a “tokenized cryptoruble” on the Ethereum blockchain, the CEO of decentralized finance (defi) banking platform Indefibank,....
It remains unclear what Ricchiuti plans to do about bitcoin in Italy. Bitcoin has been associated with many different industries over the past years. In most cases, these associations have been anything but positive. Italy’s policymaker is convinced bitcoin can be linked to casino operations controlled by the mafia. A very bold statement, to say the least. According to Lucrezia Ricchiuti, bitcoin provides mobsters with a legal way to enter the gambling industry. It is evident Italy may need to reform their gambling industry regulation over the coming years. Ricchiuti advocates for a....
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes Law to Tax Crypto Transactions A bill amending the Tax Code of the Russian Federation to allow the authorities in Moscow to tax operations with digital financial assets (DFAs) has been approved on second, third, and final reading in the State Duma, the lower house of Russian parliament. The....
European bitcoin exchange operator BTC-e has revealed that users in the Russian Federation won’t get access to its website following a ban imposed by a Russian regulator today. In what may be sign of things to come prior to the review of a draft bill that seeks a Bitcoin ban by the Russian legislature , the official twitter account of European bitcoin and alt coins exchange BTC-e has revealed that it won’t be accessible by Russian users. The tweet mentions a lock by Roskomnadzor, the Russian telecom regulator which effectively puts the domain btc-e.com in a blacklist that will not be....
The Russian government and its Central Bank could soon start developing regulations and guidance on how digital currencies are to be approached in the world's biggest country. This was announced by the first senior vice president of the Bank of Russia, Georgy Luntovskyi, at the International Banking Congress as reported by the Russian news agency Itar-Tass. Mr. Luntovskyi emphasized that various approaches towards Bitcoin regulation exist across many countries. For example, it was recently legalized in California while remaining completely banned in China. Luntovskyi also commented on the....