Post by RyanICNN on Jun 28, 2017 12:41:48 GMT -5
"In April, CCN reported that Russia could recognize and regulate bitcoin and other cryptocurrencies in 2018, according to the words of Deputy Finance Minister Alexei Moiseev who spoke about the subject. At the time, this market a U-turn from the official who had in the past proposed to imprison bitcoiners in the country.
Only a few days later, Bank of Russia’s Fintech chief Maxim Grigoriev squashed such expectations, stating that the status of cryptocurrencies in Russia was still under discussion at the time, and that speculating results was premature.
On June 1, CCN reported that the head of the Bank of Russia, Elvira Nabiullina, stated that bitcoin would not be considered a currency in the country and that it would be regulated as a ‘digital asset’. At the time, she stated the bank didn’t see huge benefits in introducing cryptocurrencies into the Russian economy, but instead saw doubts and “risks” associated with digital currencies."
Read the full article Russia’s Parliament is Discussing the Legalization of Bitcoin
Only a few days later, Bank of Russia’s Fintech chief Maxim Grigoriev squashed such expectations, stating that the status of cryptocurrencies in Russia was still under discussion at the time, and that speculating results was premature.
On June 1, CCN reported that the head of the Bank of Russia, Elvira Nabiullina, stated that bitcoin would not be considered a currency in the country and that it would be regulated as a ‘digital asset’. At the time, she stated the bank didn’t see huge benefits in introducing cryptocurrencies into the Russian economy, but instead saw doubts and “risks” associated with digital currencies."
Read the full article Russia’s Parliament is Discussing the Legalization of Bitcoin