latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Russia’s Prime Minister Wants To Lead Crypto Usage In a ‘Civilized Direction’

Russia’s Prime Minister Wants To Lead Crypto Usage In a ‘Civilized Direction’

Russia’s attempts to establish clear legislation on digital assets continue. During a recent meeting that was primary focused on the COVID-19 consequences on the country’s economy, Prime Minister Mikhail Mishustin made a few remarks on cryptocurrency regulations.
Mishustin called them a “relatively new tool, the interest in which is constantly growing.” As such, he believes that the world’s largest country by landmass has to put into motion a plan to steer the market in a “civilized direction.”
Russia’s Prime Minister, who took the job in January 2020, asserted that these regulations need to protect the rights and interests of digital asset investors. Simultaneously, they need to prevent the “creation of shadow schemes.”
Mishustin proposed a “number of changes to the Tax Code” in regards to cryptocurrencies. He doubled-down on a previous assertion that digital assets should be recognized as property. Thus, their owners “will be able to count on legal protection in the event of any illegal actions, as well as defend their property rights in court.”

Russia’s Prime Minister Mikhail Mishustin. Source: Euronews

Russia already has a complicated history with cryptocurrency regulations. Earlier this year, the nation’s government proposed harsh legislation that envisioned even prison time for investors in some extreme cases. 
More recent propositions sought prison sentences for failing to disclose bitcoin and other cryptocurrency transactions. 
It’s worth noting that digital assets, and Bitcoin, in particular, are quite popular among the Russian population. The conclusion of a recent study placed cryptocurrencies above gold in terms of purchases during the past 12 months. shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Russia’s Prime Minister Wants To Lead Crypto Usage In a ‘Civilized Direction’

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News