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Monday, September 11, 2017

Russia’s Finance Ministry Drafts Law to Legalize Cryptocurrencies

Russia’s Finance Ministry Drafts Law to Legalize Cryptocurrencies

The Russian Finance Ministry is drafting a bill to regulate the circulation of cryptocurrencies, said the Finance Minister Anton Siluanov in an interview aired on “Russia 1” TV channel on Saturday. The Russian state-owned news agency Tassquoted him saying:

All countries are working to legislatively regulate the use of this financial instrument, and the financial instrument is very volatile, that is, today it has one price, tomorrow another. In order for us not to have so-called deceived investors, regulation is necessary. The Ministry of Finance will prepare such a draft law by the end of the year.

In the interview, he reiterated what he said on Friday at the Moscow Financial Forum’s press conference.

“There is no point in prohibiting them [crytocurrencies], it is necessary to regulate them,” he said, adding that the draft law “will regulate the procedure for acquiring, circulating, and registering participants who are going to invest and buy this instrument,” RBC detailed.


Full story at http://bit.ly/2xZhO4q


Source: Bitcoin News


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