Russia is seriously planning to regulate cryptocurrency industry

Home » REGULATIONS » Russia is seriously planning to regulate cryptocurrency industry
2018-01-28
Russia is seriously planning to regulate cryptocurrency industry

Recently Russia’s Ministry of Finance showed the official text of a draft law in its official website that would deal with the issuance, trade and other operations connected with the cryptocurrencies, as well as placing certain legal requirements on parties that hold token offerings, or ICOs.

Despite that fact, less than a half of population realize that Bitcoin is also used as a way of payment and a good investment. What is more, a very little percentage of Russians can explain what is a cryptocurrency and why it was created.

Deputy Finance Minister Alexei Moiseev stated that “Nowadays in Russia, the hard cap of 1 billion rubles [approximately $17.3 million] can be raised through an ICO, and each unqualified speculator will have the opportunity to contribute a greatest of 50,000 rubles [about $864].”

On the one hand, Russian Federation aims to protect its market and cryptocurrency community from speculations, unqualified companies and scams. On the other hand, many high-professional companies will not have a chance to run a successful token sale and to raise a sufficient amount of money for the development of its project.

 

 

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,073.07
  • ethereumEthereum$165.08
  • rippleXRP$0.328487
  • tetherTether$1.00
  • eosEOS$5.34
  • stellarStellar$0.115434
  • litecoinLitecoin$79.45
  • cardanoCardano$0.084496
  • tronTRON$0.026709
  • moneroMonero$66.99
  • iotaIOTA$0.320025
  • nemNEM$0.065990
  • dashDash$120.85
  • neoNEO$11.36
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