Russian Ministry of finance legalizes cryptocurrency trading, While central bank of Russia disagree with the ministry of Finance. Central Bank of Russia, Does not want to accept cryptocurrency exchange as legal entity. Digital Assets regulation, a bill presented by the ministry of finance, was supposed to establish a rules and regulations for cryptocurrency.
I am impressed by the author of the bill. He speaks as like thousands of cryptocurrency enthusiasts. He mentioned that legalizing cryptocurrency exchange or cryptocurrency trading can benefits government, Increase federal tax collection, unlawful activites.
Due to dencentralized nature of the cryptocurrency, It is practically impossible to ban cryptos. One way or another people will use cryptocurrency. When cryptoucrrency is illegal, everything is illegal. Unlawful activities will be increase rather than decrease.
According to the bill, ICO can be issued by a legal authority. Sole purpose is only for fund raising which is quite impressive. Unregulated ICO may be a total scam. Some sorts of regulation is quite good for innocent investors.
Due to security and risks, Russian people can invest only $900 to ICOs.
What are your opinion regarding Russian new Cryptocurrency Bill?
It's better than when you're looking at ICO's and see that US citizens need not apply (which is now listed on the majority of them).
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