Russian Politician Anticipates Cryptocurrency Issuance Surge in 2021
- The Head of the Russian State Duma Committee on financial markets expects token releases to reach a record-high next year.
Anatoly Aksakov, a key member of the Russian State Duma and the head of the financial markets committee mentioned in a statement that the cryptocurrency issuance in Russia will surge after January 1, 2021, due to the implementation of the Digital Financial Assets Act.
According to a report published in the Parliamentary Gazette, the Russian politician has received several queries from businesses in the country about digital assets. Aksakov added that many Russian companies will issue stablecoins next year.
Aksakov has a strong background in economics and he presented his views about the possibility of a digital ruble. “From my point of view, the digital ruble is one of the future forms of our ruble, and it should contribute to the development of the financial asset market," Aksakov added.
The newly passed Digital Financial Asset Act will take effect on January 1, 2021, and the Russian politician is expecting local firms to increase cryptocurrency issuance in order to take advantage of the growing interest in digital assets.
Russia’s Cryptocurrency Market
Earlier, Finance Magnates reported about Russia’s decision to treat Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term as property. The Prime Minister of Russia, Mikhail Mishustin said in a meeting on November 26 that the government is planning to recognize digital financial assets as property and the owners of cryptocurrencies will be able to claim and protect their property rights in Russian courts. The interest in cryptocurrencies is growing in Russia, according to the details provided by P2P exchange LocalBitcoins, Russia topped the list of P2P 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 trading.
Despite the uncertain regulatory environment, cryptocurrency trading has seen a surge in Russia. The recent initiatives by the Russian lawmakers show that the country is planning to support digital assets under a clear regulatory framework.
"A lot of big businesses have asked us to pass the law more quickly as they are excited to take advantage of the growing popularity of digital assets, and I know they're going to produce stablecoins," Aksakov added.
Anatoly Aksakov, a key member of the Russian State Duma and the head of the financial markets committee mentioned in a statement that the cryptocurrency issuance in Russia will surge after January 1, 2021, due to the implementation of the Digital Financial Assets Act.
According to a report published in the Parliamentary Gazette, the Russian politician has received several queries from businesses in the country about digital assets. Aksakov added that many Russian companies will issue stablecoins next year.
Aksakov has a strong background in economics and he presented his views about the possibility of a digital ruble. “From my point of view, the digital ruble is one of the future forms of our ruble, and it should contribute to the development of the financial asset market," Aksakov added.
The newly passed Digital Financial Asset Act will take effect on January 1, 2021, and the Russian politician is expecting local firms to increase cryptocurrency issuance in order to take advantage of the growing interest in digital assets.
Russia’s Cryptocurrency Market
Earlier, Finance Magnates reported about Russia’s decision to treat Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term as property. The Prime Minister of Russia, Mikhail Mishustin said in a meeting on November 26 that the government is planning to recognize digital financial assets as property and the owners of cryptocurrencies will be able to claim and protect their property rights in Russian courts. The interest in cryptocurrencies is growing in Russia, according to the details provided by P2P exchange LocalBitcoins, Russia topped the list of P2P 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 trading.
Despite the uncertain regulatory environment, cryptocurrency trading has seen a surge in Russia. The recent initiatives by the Russian lawmakers show that the country is planning to support digital assets under a clear regulatory framework.
"A lot of big businesses have asked us to pass the law more quickly as they are excited to take advantage of the growing popularity of digital assets, and I know they're going to produce stablecoins," Aksakov added.