According to Elina Sidorenko, the head of Russian Central Bank’s working group on cryptocurrencies, Russian legislators intend to make mining regulation as friendly as possible, however, selling mined bitcoins still might put people to jail.
According to Sanzhar Kettebekov, CEO of Almaty Tech Garden, Kazakhstan is working on blockchainizing VAT data bases. As reported by local oublication LS, currently the project team is working on electronic invoices.
According to Elina Sidorenko, the head of the Russian Central Bank’s working group on cryptocurrencies, products incorporating blockchain technology should be a part of the legal terrain, while the technology itself should remain beyond regulation.
Seeking to enable the company to finalize its product in beta, EncryptoTel intends to launch an ICO on April 24. The company develops a secured telecom network featuring encrypted VoIP services for businesses and individuals.
Speaking at the international conference Digital Banking, the first deputy of the Belarusian National Bank’s board Taras Nadolny stated that the bank will use blockchain technology to create a security bonds ledger.
Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm’s chief executive officer told Reuters, in a project he described as probably the largest of its kind anywhere.
The Russian parliament is preparing a bill that, if passed, may legalize e-cash and establish legal grounds to open regulated cryptocurrency exchanges, according to Elina Sidorenko, the head of the the Russian Central Bank’s working group on cryptocurrencies.
Over the first three months of 2017, overall investment in bitcoin and blockchain-related startups comprised $120 million spanning 21 deals. The officially announced funding of blockchain companies comprised $119.29 million with one more deal involving Tezos remaining officially undisclosed.