Cryptocurrency industry in Russia will soon be seriously regulated

Home » ALTCOINS » Cryptocurrency industry in Russia will soon be seriously regulated
Cryptocurrency industry in Russia will soon be seriously regulated

In the coming years, Russia will introduce a fairly stringent measures to regulate the cryptocurrency market, which will reduce the speculative effect of digital currencies. It was said by the head of VTB Andrei Kostin.

After the crisis, the whole world was only concerned with trying to regulate financial markets. And suddenly there is an absolutely independent currency, the financial market, which is generally not regulated by anyone, is not taken into account, where, by the way, the rules for combating money laundering and the like do not work. And this can not continue for a long time, “stressed Kostin.
The head of VTB is convinced that tight regulation will cut off a lot of criminal money from bitcoin.

Mining of cryptocurrency in Russia should be conducted within the framework of the law. Tokens and Initial Coin Offerings (ICO) can also be allowed on the territory of the country. This was reported by the first deputy chairman of the Central Bank of Russia, Olga Skorobogatova.

“We believe that mining is an activity that should be conducted within the framework of clear, legitimate rules. Mining in the territory of Russia will be legalized. All these details will be disclosed in corporate documents, “she noted. At the same time Skorobogatova stressed that the Central Bank has not yet discussed the issue of how the miners will be able to exchange the extracted cryptocurrency.

  • bitcoinBitcoin$5,065.24
  • ethereumEthereum$164.58
  • rippleXRP$0.327581
  • tetherTether$1.00
  • eosEOS$5.34
  • stellarStellar$0.114846
  • litecoinLitecoin$79.09
  • cardanoCardano$0.084294
  • tronTRON$0.026593
  • moneroMonero$68.35
  • iotaIOTA$0.318207
  • nemNEM$0.065709
  • dashDash$120.61
  • neoNEO$11.32
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 48
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 45
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 43
© 2017–2018