Russia Shares Plan To Regulate Bitcoin, Crypto
The Russian government published a document on Tuesday night outlining principles for regulating bitcoin and cryptocurrency in the country.Russia will follow the Ministry of Finance’s suggestion to regulate bitcoin and cryptocurrencies instead of banning them as previously recommended by its central bank.The Russian government published a document on its official website on Tuesday night that outlines the rationale behind the decision and what plans for the legislation could look like, marking a consensus reached with a Bank of Russia that for weeks vouched to outlaw trading and mining....
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Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations regarding the regulatory treatment of online exchangers working with cryptocurrencies must come to an end in 2022. That’s according to a statement by the Deputy Director of Russia’s....
Following price consolidation on Tuesday, bitcoin prices rebounded on hump-day, as markets reacted to the news that Russia will regulate, and not ban, crypto. Bitcoin Bitcoin was marginally higher on Wednesday, as the world’s largest cryptocurrency received a boost from the news surrounding Russia. BTC/USD rose to an intraday high of $44,312.45 during today’s session, as bulls re-entered the race following yesterday’s consolidation The move has seen prices head closer to the $45,000 level, however bitcoin will first need to overcome resistance at $44,800. Still,....
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