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Topic: [2016-01-19][Forklog.net] Russian senator states propagation of cryptocurrency (Read 275 times)

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Russian senator states propagation of cryptocurrency is inevitable.

Lyudmila Bokova, deputy chairwoman at Russian Federation Council’s costitutional committee, states that propagation of cryptocurrencies in Russia shall be deemed inevitable. For that reason, she believes, the government should consider regulating cryptocurrency instead of bannning it.

Last week, the head of Russian Investigative Committee Alexander Bastrykin stated that his agency insists on introducing criminal penalties for bitcoin operations.

However, Bokova did not side with him:

    “The process of cryptocurrency integration is worldwide, and its propagation in Russia is inevitable. It would be unreasonable to avoid its usage. However, controlling the process is necessary, and explicit legal regulation of matters related to issuance and turnover of cryptocurrencies is required,” she stated according to RIA Novosti.

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