Russian Ministers Plan Blockchain Tech Legalization in 2019

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http://financefeeds.com/russian-ministers-plan-blockchain-tech-legalization-2019/
 

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Whereas blockchain technologies receive more support in Russia, the climate for bitcoin and other crypto-currencies is just starting to become milder. About one year ago, Russia’s Ministry of Finance was actively pushing for an “anti-bitcoin law”, which envisaged harsh penalties for bitcoin-related activities. This stance, however, has been changed, as in April this year Russia’s Deputy Finance Minister Alexey Moiseev said Russia may recognize bitcoin and other cryptocurrencies in 2018 while the authorities seek to enforce rules against illegal transfers.

Soon after that statement was made, Maxim Grigoriev, Chief of the Centre for Financial Technologies at the Bank of Russia, made a more moderate announcement. He stressed it was too early to talk of legalizing crypto-currencies in Russia and added that the status of crypto-currencies in Russia is still a subject of discussion for the Bank of Russia, the Ministry of Finance and the Federal Financial Monitoring Service (Rosfinmonitoring). Thus far, he said, there is no unified position on this.