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Thursday, September 28, 2017

Crypto News: Russian Regulators Disagree on Crypto Regulation, Postpone to Next Year

Russian Regulators Disagree on Crypto Regulation, Postpone to Next Year

Following the National Council for Financial Stability meeting, headed by First Deputy Prime Minister Igor Shuvalov, Deputy Finance Minister Alexei Moiseyev reportedly said on Tuesday that bitcoin and other cryptocurrencies will not be recognized in Russia. “Bitcoin settlements in Russia will not be legalized,” Tass wrote. Ria Novosti elaborated:

"The authorities decided not to introduce regulation of cryptocurrency, but to concentrate on legalizing the technology “blockchain”."

The deputy minister noted how cryptocurrency regulations vary from country to country with no single trend, from a complete ban to “allowing bitcoin to move along with the national currency,” the publication quoted him explaining. He added that this topic will be discussed at the next meeting of the International Council on Financial Stability on October 6.

“Maybe after that, we’ll grow wiser and think of something, but unless we want to make mistakes at first, we decided to look around and think about how best to do it,” he said.

Full story at

Source: Bitcoin News

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