Russia’s State Duma expects explosion of crypto issuance in 2021
Russian government appears to anticipate crypto issuance to explode in 2021 following the adoption of its major crypto bill. The Russian government is anticipating more cryptocurrencies to be issued in the local market in 2021, according to a senior official.Anatoly Aksakov, a member of the Russian State Duma and a key representative of local crypto legislation efforts, said that the Duma’s Committee on Financial Markets expects Russian crypto issuance to surge after the adoption of the country’s new crypto law on Jan. 1, 2020. Passed in July 2020, the law “On Digital Financial Assets”....
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State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry. Sber, Russia’s largest bank, is apparently struggling to obtain regulatory approval for its digital asset issuance platform as the company continues delaying registration plans.Sber CEO Herman Gref announced Tuesday that the bank now expects its digital asset issuance platform to have been registered with the Bank of Russia by the end of 2021, local news agency Prime reported.“We are in constant contact with the central bank, and we are discussing various issues. We really....
The bill proposes to recognize cryptocurrency as property for purposes of taxation.
The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for 2021 in the wake of the promulgation expected to take place in January. Russian Parliament Expects a ‘Surge in Token Issuance’ for 2021 After Crypto Law Promulgation According to the Parliamentary Gazette, Anatoly Aksakov claimed that a “big number of large enterprises” had asked the State Duma (Russian Parliament) to pass the law as soon as possible. Also, he adds that such businesses....
One of the biggest Bitcoin critics, Russian official Anatoly Aksakov said he wanted to buy Bitcoin before the ban but the price was too high. Anatoly Aksakov, a member of the Russia’s State Duma and a key spokesman for the country’s cryptocurrency legislation process, claimed that he has never owned any Bitcoin (BTC).Aksakov said that he doesn’t hold any Bitcoin and likely won't, as the government has prohibited officials from purchasing crypto, local news agency TASS reports Thursday.The official went on to say that he was willing to buy some Bitcoin as an investment before the ban came....