Topic: Russia altcoins (Read 353 times)

Open government of the Russian Federation: cryptocurrencies should be recognized as a financial instrument


The Russian government is unlikely to follow the path of banning cryptocurrencies and will soon regulate their turnover in the country. This statement was made by the Minister of open government Mikhail Abyzov, RIA Novosti writes.

"The cryptocurrency factor cannot be ignored and banned in the near future. The discussion on this issue is already underway, both in the government and in the economic bloc and the Central Bank. I am sure that the decision will be made soon, " he said.
According to Abyzov, the authorities understand that cryptocurrencies should be officially recognized as a financial instrument and carefully regulated so that excessive pressure does not destroy the technology itself.

The Minister also recalled the high potential of the Russian technology sector and assured that the government understands the need to support and develop new financial technologies.

"We have good mathematics, we have good information technology. I would like to believe that on the basis of the intellectual reserve that we have, we could create products similar to cryptocurrency. This is a great talent and great ability to create and promote such products," the official said.
Recall, in July, the Central Bank of Russia said that regulation in the field of financial information technology will be a priority for the regulator for the next five years.

The problem of many countries that reject cryptocurrency is fear and for the lack of control over it. Only this factor is decisive, but many do not understand that with the help of cryptocurrency many financial systems will be modernized.

Open government of the Russian Federation: cryptocurrencies should be recognized as a financial instrument


The Russian government is unlikely to follow the path of banning cryptocurrencies and will soon regulate their turnover in the country. This statement was made by the Minister of open government Mikhail Abyzov, RIA Novosti writes.

"The cryptocurrency factor cannot be ignored and banned in the near future. The discussion on this issue is already underway, both in the government and in the economic bloc and the Central Bank. I am sure that the decision will be made soon, " he said.
According to Abyzov, the authorities understand that cryptocurrencies should be officially recognized as a financial instrument and carefully regulated so that excessive pressure does not destroy the technology itself.

The Minister also recalled the high potential of the Russian technology sector and assured that the government understands the need to support and develop new financial technologies.

"We have good mathematics, we have good information technology. I would like to believe that on the basis of the intellectual reserve that we have, we could create products similar to cryptocurrency. This is a great talent and great ability to create and promote such products," the official said.
Recall, in July, the Central Bank of Russia said that regulation in the field of financial information technology will be a priority for the regulator for the next five years.

ROSBANK introduced cryptocurrency tokens into its banking system. That is, large financial institutions are already using blockchain. There is a promising project PAPUSHA which creates energy products after recycling). Russia has long been trying to make cryptocurrencies for public use. So I'm not surprised.

That's for sure. It is unlikely that Russia, with its authoritarian regime, will allow citizens to freely use the decentralized cryptocurrency. They really do not know what to do with it, and the opinions of politicians and officials on this issue are very contradictory. And among the draft laws submitted to the State Duma, there are no good ones regarding cryptocurrency, however there is a proposal to establish criminal liability for its use as a means of payment.

With the little that I know in this industry. Cryptocurrency is not really illegal in Russia and it is not also accepted. Let me say that it is in between the two. Russia government is still in state of puzzle about what to do with Cryptocurrency and how to regulate it. So Cryptocurrency enthusiasts for now in Russia don't know the direction of government about it.

With the little that I know in this industry. Cryptocurrency is not really illegal in Russia and it is not also accepted. Let me say that it is in between the two. Russia government is still in state of puzzle about what to do with Cryptocurrency and how to regulate it. So Cryptocurrency enthusiasts for now in Russia don't know the direction of government about it.

It seems like this is good news for cryptocurrency fans in Russia and around the world. Are there any news sources that you get? Please share this news site, so we can read it more freely. Thank you in advance for this good news.

All of us have said a lot of time that governments wil approve accaptance of Crypto market and BlockChain technolog. The Russia is a one of them. Also Russia is a very effective and important country to change idea of world so this development can effect to all the world.