Here come the Russians...

I know politically we aren't on the greatest of terms with Russia in the USA, but this kind of news is still good for Cryptocurrency. Think about the countries like Venezuela, UK, Slovenia, and many others bringing adoption world wide. Russia is a huge power in the world, and regardless of your political stance, this is very good for Crypto in general. I'm clipping some quotes from an article I found about what Vladimir Putin is planning. Oh and my meme!

Russia: Vladimir Putin Signals Obligatory Cryptocurrency Regulation Will Begin ‘July 1’- Cointelegraph

Putin has set in stone the release date for a regulatory package, now called the Digital Assets Regulation Bill, which first appeared last year.

Its introduction will end years of uncertainty in which cryptocurrency - along with investors corporate and private - lay in a gray area, with local authorities in Russia taking various contradictory moves to decide which aspects of it were and were not legal.

Last week, a court in St. Petersburg annulled a law enacted in July 2017 which suddenly banned the distribution of educational materials related to Bitcoin.

“Operation of cryptocurrency markets is linked to specific risks, and nationwide regulation of this arena is therefore essential,” parliamentary finance committee chairman Anatoly Aksakov said in an appraisal during a discussion late February.

At the same time, lawmakers in Moscow are currently preparing ICO and crowdfunding laws, some key details of which continue to cause friction between the central bank and government ministers.

According to Parlamentskaya Gazeta, the Central Bank of Russia specifically wishes to criminalize ICO token investments, while the Ministry of Finance (MinFin) wants regulation.

“The central bank has come out against the legalization of this kind of digital currency inasmuch as citizens could then actively invest in instruments without considering possible risks,” Aksakov commented on the ongoing deadlock.

I guess will see how this all pans out in their country ,but for the mean time enjoy the knowledge!

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Meme Creation Cred: @javalle
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