Bitcoin currently poses no risk to the Russian financial system, the country’s deputy finance minister Alexei Moiseev said.
News on yet another promising project raising funds or breaking another crowdfunding record strike the cryptocommunity more and more often. Still, the question remains whether the fundraising itself can guarantee a project’s success, and whether the team behind the project is liable to repay the investors if the whole affair.
Elina Sidorenko, head of Russian State Duma (Parliament) working group on assessment of cryptocurrency risks, admits there’s not much to say about legalization of cryptocurrencies die to the legal vacuum.
On November 29th, a letter from Russia’s Federal Tax Service No. ĐžA-18-17/1027 d.d. 10.03.2016 was added to the local legal reference system Consultant Plus. The letter in question covers the official stance of the authorities on cryptocurrencies in Russia.
Moscow hosted Blockchain & Bitcoin Conference Russia on November 10, one of the biggest industry events in Eastern Europe.
Russia may become the world’s first country to pass a cryptocurrency regulation law, according to the State Duma’s anticorruption and security committee deputy chairman Andrei Lugovoi.
The Central Bank of Russia does not have any pronounced position in regard of cryptocurrencies, yet it intends to study pros and cons of creating a government-controlled digital currency, the Central Bank’s deputy chairwoman Olga Skorobogatova stated at Finnopolis 2016 forum in Kazan.
According to the Federal Financial Monitoring Service, Russian cryptocurrency market employs about 100 thousand people today. Therefore, the question of licensing those companies requires a solution.