Regulations
By Dan Saada
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Several countries have been trying to classify cryptocurrency as an asset type, others as a currency and yet others are trying to define it.
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Alexander Konovalov, the Minister of Justice of Russia, stated that it was too early a stage to formalize any crypto-related legislation.
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The remarks from Alexander Konovalov are based on the fact that according to the Russian Constitution, it is not possible to make use of the cryptocurrency as a payment method in…
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The current financial system in Russia and the Russian Legislation categorically prohibit making use of cryptocurrencies as a payment system according to Article 75 of the…
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The crypto bill was passed in the Russian Parliament in the first reading of "On Digital Financial Assets" in the year 2018, during May; however, most of the token and crypto…
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A critical assessment of the bill took place, and it was sent back to the first reading stage during late 2018 in December.
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An urgent discussion was called for by the Chairman of the upper house of the Russian Parliament.
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With several investors pondering over their losses in the cryptocurrency tokens, some of them even losing their sleep over it, when most of the cryptocurrencies like Bitcoin,…
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They are investing in instruments like cryptocurrency is considered to be a foolhardy risk by many.
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