Russian Central Bank May Be OK with Bitcoin, to Meet Finance Reps
- The Central Bank of Russia may have a more tolerant stance on Bitcoin.
The Central Bank of Russia may have a more tolerant stance on Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, as it is reportedly scheduled to meet with representatives from the local financial industry this week.
This comes after roughly a year and a half of alternating positions on the matter by authorities. In early 2014, officials made remarks strongly implying bitcoin use as illegal but never said so outright. Weeks later, Bitcoin was formally declared as illegal. But in the summer, officials said that “such instruments should not be rejected” while they take a deeper look into the matter.
But in September, the Ministry of Finance issued a draft bill that would formally ban the use and mining of digital currency, as well as supporting software and information. Deputy Finance Minister Aleksey Moiseev told reporters, "People can play with their chips, and they can call them money, but they can't use these surrogate currencies as tender."
The proposed ban was reportedly opposed by the country's Ministry of Economic Development, but more out of concern for non-cryptocurrency businesses.
Earlier this year, the Communications Ministry blocked access to several Bitcoin-related websites, but its action was later overturned.
According to Russian news site Izvestia, sources familiar with the matter indicated that the Central Bank may choose the path of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in permitting digital currencies, and not one of prohibition.
The Central Bank of Russia may have a more tolerant stance on Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, as it is reportedly scheduled to meet with representatives from the local financial industry this week.
This comes after roughly a year and a half of alternating positions on the matter by authorities. In early 2014, officials made remarks strongly implying bitcoin use as illegal but never said so outright. Weeks later, Bitcoin was formally declared as illegal. But in the summer, officials said that “such instruments should not be rejected” while they take a deeper look into the matter.
But in September, the Ministry of Finance issued a draft bill that would formally ban the use and mining of digital currency, as well as supporting software and information. Deputy Finance Minister Aleksey Moiseev told reporters, "People can play with their chips, and they can call them money, but they can't use these surrogate currencies as tender."
The proposed ban was reportedly opposed by the country's Ministry of Economic Development, but more out of concern for non-cryptocurrency businesses.
Earlier this year, the Communications Ministry blocked access to several Bitcoin-related websites, but its action was later overturned.
According to Russian news site Izvestia, sources familiar with the matter indicated that the Central Bank may choose the path of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in permitting digital currencies, and not one of prohibition.