Putin approves cryptocurrency and ICO(Officially) - page 2.

BlueSword

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Quote from: steveouttrim on October 24, 2017, 10:02:36 PM

Companies that are doing ICOs should register. Sounds pretty reasonable.

C'mon Trump, what you gonna do?

Most ICOs already need to be registered with the SEC under existing law, because they constitute securities under the Howey test. The SEC has recently launched a cyber unit and has already begun enforcement actions against some of the most prosecutable targets (e.g., blatant scams with known principals).

https://www.sec.gov/news/press-release/2017-176
https://www.sec.gov/news/press-release/2017-185-0

cola-jere

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I agree in some regulations esp those doing ICO's that they need to register as a valid corp, that they just won't just disappear after collecting tons of eth or btc.

steveouttrim

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Companies that are doing ICOs should register. Sounds pretty reasonable.

C'mon Trump, what you gonna do?

BlueSword

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Quote from: Crypington on October 24, 2017, 08:15:23 PM

Hopefully small miners will be exempt from registering, though, and they just focus on mining businesses. Registration might put a damper on things.

Google Translate for the relevant paragraph is:
"b) the establishment of requirements for the organization and implementation of production based on the principles of cryptography in the medium of distributed registries ("mining"), including the registration of economic entities carrying out such activities, and determining the procedure for its taxation;"

I'm not sure if "economic entities" ("xoзяйcтвyющиx cyбъeктoв") includes private individuals, but my wild guess would be no.

(The original Russian text of the above-quoted paragraph is:
"б) ycтaнoвлeниe тpeбoвaний к opгaнизaции и ocyщecтвлeнию пpoизвoдcтвa, ocнoвaннoгo нa пpинципax кpиптoгpaфии в cpeдe pacпpeдeлённыx peecтpoв («мaйнинг»), включaя peгиcтpaцию xoзяйcтвyющиx cyбъeктoв, ocyщecтвляющиx тaкyю дeятeльнocть, a тaкжe oпpeдeлeниe пopядкa eё нaлoгooблoжeния;")

Beicin

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One day Russia is backing up crypto, the other it's rumored to be banning it. Its kinda hard to keep track these days, they change their mind so quickly (and people jump on rumors and spread them as truth just to get more site clicks...).

If this is true then it is very good news, truly a good step going forward for crypto (and another chance for Russia to advance economically as a pioneer country)

Filmmmakerr

sr. member

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Hello. Bye.

That's great, its only a matter of time before every country does this. Big step forward for Putin and Russia. Props. I'm looking forward to seeing which country does this next.

Crypington

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Glad to see it. Hopefully small miners will be exempt from registering, though, and they just focus on mining businesses. Registration might put a damper on things.

ZainSpider

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Looks good honestly. After so much weird times from china and co, we the crypto world suffered a lot. Now it might be a big relief. By the way I read some where China is going to give licenses too yet again. The world cant survive without crypto Grin

tsaroz

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DGbet.fun - Crypto Sportsbook

http://kremlin.ru/acts/assignments/orders/55899

That's an official Russian portal that when translated states to me that Russia have approved cryptocurrency and ICO with few catches.
ICO would be regulated and miners and exchanges to be registered. What's you thought in it.
Is putin the saviour of cryptocurrency or Is he killing the essence?

Simplified English article
https://www.coindesk.com/vladimir-putin-mandates-new-rules-cryptocurrencies-icos/

Topic: Putin approves cryptocurrency and ICO(Officially) - page 2. (Read 529 times)