Category Archives: Russia Crypto Regulations
Russian President Vladimir Putin has ordered the government to create laws governing the status of bitcoin, other cryptocurrencies, mining, ICOs, as well as defining everything that relates to digital money by July 2018, according to the Kremlin.
The miners of bitcoin, ethereum, and other virtual currencies will have to register and pay taxes.
Putin also wants regulation of ICOs (initial coin offerings), taking as a basis the practice of initial public offerings (IPOs).
Continue to read at the source: RussiaFeed
Russian President Vladimir Putin has ordered the issue of a national cryptocurrency, according to Communications Minister Nikolay Nikiforov, after a closed-door meeting. The minister said once the digital currency or CryptoRuble is issued other cryptocurrency mining will be banned and it will be entirely regulated by the government. “I am so confident to declare that we will run CryptoRuble just for one simple reason: if we don’t, our neighbors in the Eurasian Economic Community will do it in a couple of months,” said Nikiforov.
Be sure to continue to read at the source: Russia Insider