The Bitcoin Advantages over the Traditional Investment
The traditional investors have always loomed and approached the digital currencies like the Bitcoin with an additional precaution due to their highly volatile market worth and value. On the other ... read more
Coffee And Blockchain: Stellar And Bext360
A technology firm is utilizing the Stellar’s Blockchain network to probably provide a fair coffee sales technology from its grower all the way to its consumer. Bext360 which is a Denver-based ... read more

Last Price: Daily Change: Day's Range: 24 Hour turnover:
2578.341 USD 191.046 USD 2549.162 USD 2740.208 USD 599324.932 USD

In The Year Of 2018, Russia Will Recognize Bitcoin In All Transactions

Posted on:

Russia has declared that they will recognize the Bitcoin in the year 2018,subject to full transaction monitoring. In line with the most recent statements by the country’s Central Bank Deputy Finance Minister Alexey Moiseev, he has mentioned in an interview which was conducted by the Bloomberg that a wholly legal position was to be taken on the cryptocurrency in this near and approaching future.

Previously, the Bitcoin and the Altcoin had languished in a regulatory gray area with both the users and the entities that are operating in Russia; they were being threatened with the takedowns and even the jail time. Last October, the state communications watchdog the Roskomnadzor has blocked access to a peer-to-peer marketplace LocalBitcoins nationwide, the developers have responded by the means of setting up a dedicated mirror site such as the

Central Bank Deputy Finance Minister Alexey Moiseev has said that the state fully needs to be familiar with who at every time stands on the both sides of the financial chain… And if there is a transaction that the people who are facilitating it must understand from whom they have purchased and to whom they were selling, just similar with the bank operations.

Based on the Bloomberg report, at the same time as the cryptocurrency is still yet to receive an official status enshrined in laws, the decision on whether it will be treated as an asset, or cash or a security is due in the middle of the year 2017.

Last January of this year, the Bank of Russia Deputy Olga Skorobogatova has said that the authorities would not like to concretely block anything and instead just understand how to approach the cryptocurrency and also from this, generate a basis for the regulation. 26/04/2017 09:15
o o o
partner list