Clarity pushed back: Russian government fails to forge a consolidated stance ...
Another tentative deadline for the Finance Ministry and central bank to reach a compromise passes as an expected bill does not arrive. On Feb. 18, the Russian Ministry of Finance kicked off public consultations on the rules of cryptocurrency issuance and transactions. While a welcome development, it is less than the country’s crypto space had expected to get. Earlier in the week, the government announced that by Feb. 18, a bill containing the finance ministry and central bank’s consolidated position on crypto regulation would be drafted. Updated estimates suggest that it will take at least....
Related News
Bitcoin websites blacklisted by the Russian government brought their case before a judge today in an attempt to overturn a decision that has restricted domestic access to their domains. Members of bitcoin news website BTCsec.com and exhibition company Smile Expo were reportedly in attendance at the hearing. The Russian government has filed a petition to dismiss a complaint submitted by the websites, two of six that are currently being blocked by the government. Smile Expo argued that its website was used for the dissemination of information about its conferences, not cryptocurrency....
Binance, the world’s largest cryptocurrency exchange, has received extensive media notice in recent months. Reuters stated that in response to the Ukrainian government’s call to freeze all Russian cryptocurrency accounts, Binance would block Russian customer accounts targeted by sanctions but not all of them. The crypto exchange was not alone in its stance on account […]
Perhaps plans around the digital rupee will enlighten India’s government, helping the legal stance of builders for bitcoin.
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the future of digital currencies in Russia,” an announcement published late Tuesday stated. The executive power in Moscow elaborated that the plan is to integrate the circulation of cryptocurrencies into....
The Russian Ministry of Finance is taking a hard stance against Russian adopters of bitcoin and cryptocurrencies, with a proposal that -while not yet legal or enforced-aims to punish users engaging in Bitcoin trading with a prison sentence of up to 4 years. While most governing bodies around the world looks to adopt bitcoin or block chain technology or look for ways to regulate the cryptocurrency, Russia is unrelenting in its stance toward what it sees as the "trafficking" of Bitcoin. The Russian Ministry of Finance that had previously supported fines of up to 500,000 rubles or a 2-year....