Putin Will Require Cryptocurrency Miners to Register With the Government in 2018

Putin Will Require Cryptocurrency Miners to Register With the Government in 2018

After months of conflicting statements, Russia has finally outlined its plan for cryptocurrencies. Daniel Oberhaus Oct 24 2017, 5:11pm Wikimedia Commons On Saturday—just two weeks after a top Russian banking authority hinted that Bitcoin exchanges would be banned in the country —Russian President Vladmir Putin released five Presidential orders related to the regulation of cryptocurrencies and blockchain technology. According to a Google translation of orders, Putin has tasked the Russian government with determining how cryptocurrencies like Bitcoin, the smart contract technology used by the Ethereum network, and the tokens released during Initial Coin Offerings (which are basically crowdfunding mechanisms […]