Russia Legalizing Bitcoin And Crypto Is A Matter of Time, Says Minister of Industry And Trade

Russia Legalizing Bitcoin And Crypto Is A Matter of Time, Says Minister of Industry And Trade
ôîòî ïîêàçàíî ñ : bitcoinmagazine.com

2022-5-19 21:23

Denis Manturov, Russian minister of industry and trade, explains that legalizing bitcoin and other cryptocurrencies as payment will happen given time.

The legalization of bitcoin and other cryptocurrencies as a means of payment is only a matter of time according to the Russian minister of industry and trade. The minister explains that the process of legalization will happen, it’s just a matter of how it is regulated, and how it is passed. Russian regulatory agencies have danced around the concepts of legalization and bans over the course of the past few months.

Denis Manturov, Minister of Industry and Trade of the Russian Federation, recently expressed his opinion that bitcoin and other cryptocurrencies being legalized in Russia is just a matter of time, according to a report from Russian state news agency TASS.

At an educational event called New Horizon, when asked whether or not Russia would be legalizing bitcoin or any other cryptocurrency, Manturov stated:

“The question is when it will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this.”

Currently, Russian authorities are discussing the future of cryptocurrencies and mining. The Bank of Russia pushed for a complete ban on cryptocurrency, citing systemic threats to the current financial system.

The Ministry of Finance, however, has held the position that cryptocurrencies should be legal and well-regulated and President Vladimir Putin also pleaded with regulatory agencies to come to an agreement on the matter due to Russia’s natural resource advantages.

“But everyone tends to understand that this is a trend of time, and sooner or later, in one format or another it will be carried out,” said Manturov at the New Horizon event. “But, once again, it should be legal, correct, in accordance with the rules that will be formulated.”

This past February, the Russian government approved the concept of regulating bitcoin and other cryptocurrencies based on a proposal drafted by the Ministry of Finance. During the same month, the Ministry of Finance also submitted a bill.

The Ministry of Finance reportedly expects legislation regulating bitcoin and other cryptocurrencies will be introduced this year and is also working on the collection of tax as it relates to cryptocurrency. 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 66960.19 (+0.22%)
Îáúåì 24H $28.18b
Èçìåíåèÿ 24h: 2.37 %, 7d: 10.03 %
Cåãîäíÿ L: $66739 - H: $67018.12
Êàïèòàëèçàöèÿ $1319.099b Rank 1
Öåíà â ÷àñ íîâîñòè $ 29843.16 (124.37%)

time minister industry trade legalizing bitcoin cryptocurrencies

Èñòî÷íèê: bitcoinmagazine.com

time minister → Ðåçóëüòàòîâ: 46


India’s Prime Minister Targeted In Twitter Account Hack In The Latest Crypto Donation Scam

Hackers have compromised yet another prominent figure’s Twitter account, seeking to steal unsuspecting followers' crypto assets. This time it was India’s Prime Minister Narendra Modi, who fell victim to malicious hacking that took over the twitter account affiliated to his website dubbed ‘Prime Minister’s National Relief Fund (PMNRF).

2020-9-4 19:50


Ôîòî:

Facebook’s Libra ‘cryptocurrency’ is turning into a soap opera — and it’s gonna be a long season

Facebook’s controversial ‘cryptocurrency’ project is turning into a bit of a soap opera, starring the tech giant and regulators as the main characters. Just yesterday, Germany’s finance minister Olaf Scholz said the departure of several high-profile partners from the project was a good sign, but unsurprisingly the Libra Association had a different take altogether.

2019-10-16 12:48


Game Over: Brexit Backlash Crushes Theresa May with THIRD Humiliating Defeat

British Prime Minister Theresa May’s leadership is hanging by a thread after her Brexit proposal suffered a crushing defeat for a humiliating third time. Theresa May and the Never-Ending Brexit Disaster Having crow-barred a slightly changed version of the much-hated Brexit deal into parliament, Theresa May has – on the day she promised more than 100 times that Britain would leave the EU – suffered a further humiliating defeat, with this likely to be the last straw for what has been a desperate reign of futility.

2019-3-30 19:31


New Zealand PM Used As Pawn In Fake News Site

Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup. A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New Zealand PM with headlines such as New Investment Plan For Kiwis which were targeted at several different age groups around the country.

2018-10-12 16:30


Japanese Celebrity Gakuto Oshiro’s Spindle Crypto ICO For “GACKT Coins” In Hot Water

A picture taken of the J-Pop Star, Gakuto Oshiro, dubbed GACKT, Seiko Noda, Japan’s Minister of Internal Affairs and Sanae Takaichi, was recently publicized by Weekly Flash. The picture was supposedly taken back in March of 2013, in what was believed to be a meeting involving a discussion on cryptocurrencies. The time the picture was […]

2018-7-26 15:43


Malta’s Prime Minister Confirms The Approval Of The Three Crypto-Friendly Bills Later Today

The Prime minister of Malta Joseph Muscat, known to publicly express his interest in Cryptocurrency time and time again has in a press conference which took place on the 4th of June revealed that the three cryptocurrency bills aimed at creating a more Crypto-friendly environment for Blockchain and Cryptocurrency will eventually be approved by the […] The post Malta’s Prime Minister Confirms The Approval Of The Three Crypto-Friendly Bills Later Today appeared first on ZyCrypto.

2018-7-5 00:24


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Russia’s Legislative Body Considers Diving Into Crypto – Will They Mine Or Maul It?

Russia is dipping its toes into the world of cryptocurrency with a proposed bill aimed at legalizing and regulating crypto mining within its borders. The bill, submitted to the State Duma, the lower house of parliament, seeks to strike a balance between encouraging this new industry and mitigating potential risks. Related Reading: David Vs. Goliath? […]

Russia pilots new system for tracing crypto-to-fiat links

Russia’s central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations. The Bank of Russia alongside Rosfinmonitoring, the country’s main body for financial intelligence, is working on a platform to detect connections between…