Russia’s Presidential Commissioner for Entrepreneurs’ Rights presents cryptocurrency regulation proposals

Russia’s Presidential Commissioner for Entrepreneurs’ Rights presents cryptocurrency regulation proposals

Under the proposals, cryptocurrencies should be defined and regulated as blockchain products. Russia is slowly moving towards developing its regulation for cryptocurrencies and related tech. On Friday, Russia’s Presidential Commissioner for Entrepreneurs’ Rights Boris Titov presented a set of cryptocurrency regulation proposals drafted by experts from the P.A. Stolypin institute. Mr Titov, quoted by Russian information agency TASS , explained that, under the proposals, cryptocurrencies are defined as payment means having monetary value, which are not nominated in any official government currency. Such payment means are created and transmitted via blockchain and are used for transactions by an unlimited […]