Cryptocurrency

24/06/19 10:00 UTC-4

Russia is considering the possibility of cryptocurrency trading

On June 23, it became known that the Deputy Minister of Finance of the Russian Federation, Alexei Moiseyev, announced the possibility of introducing cryptocurrency trade, which is currently banned in the country.

 

Cryptocurrency in Russia

On June 21, Moiseyev told reporters about the bill that is currently being circulated in the Russian Federation. Clear decisions have not yet been reported, but he said that the bill could allow a certain trade in cryptocurrencies. Moiseyev described the situation in the discussion: "Now we have a reasoning on how to use cryptocurrency. There is a range from prohibition to possibility of purchase. As in foreign currency, the possibility of buying and selling is there, but it is still impossible to use it as a fee. After making a final decision on this issue, we will notify everyone publicly."

The State Duma expects to adopt the country's main crypto bill "On Digital Financial Assets" (DFA) in the next two weeks. The Ministry of Finance also approved a separate law on the primary placement of coins (ICO), which will become part of the Russian crowdfunding law.

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Russia is well known for its tough stance against crypto, as it has previously spoken and stated that it does not intend to legalize Facebook's cryptocurrency at all.

A representative of the Ministry of Finance of Russia said that the ministry was considering the issue of allowing cryptocurrency trading. Recall that on June 13th it became known that an international company, IBM, will launch a blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
platform for international trade in Russia. The blockchain giant has signed a memorandum of understanding with the St. Petersburg authorities.

Editor: Alyona Nabok

See also: "Australian crypto investors pay tax more than the amount of investements"

#Russia #cryptocurrency #blockchain

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Cryptocurrency
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ICO, ІРО, STO
Fiat money, funds
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