Ahead of World Cup; Russia set to Legalize Use of CryptoCurrency - MnTrendsNews


Friday, 12 January 2018

Ahead of World Cup; Russia set to Legalize Use of CryptoCurrency

Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms.

The Russian Deputy Finance Minister Alexei Moiseev told reporters that his ministry “supports the legalization of trade in crypto-currencies on official exchanges,” RNS reported on Thursday.

“We do not want to limit and regulate, but we will set some limits,” he emphasized, adding that “nothing will happen” to those already possess cryptocurrencies, the publication conveyed. The deputy minister was further quoted saying:
This is about thefact that buying and selling [of Cryptocurrencies ] will be somehow standardized. The general idea is that it will be necessary to buy and sell on official exchanges, as it will be legalized. 
 The bill to regulate cryptocurrency and ICOs in Russia is expected to be adopted in March, according to the chairman of the State Duma Financial Markets Committee, Anatoly Aksakov. President Vladimir Putin has mandated the regulatory framework for both cryptocurrencies and ICOs be finalized by July 1 of next year.

See Also: Crypto-Ransom!:Russian Bitcoin Expert Released After Paying Heavily

For more news you can follow us on our social media platform @Mntrendsblog or better still subscribe to our blog below. 


  1. Today cryptocurrencies (Buy Crypto) have become a global phenomenon known to most people.More recently, the concept of “virtual mining” has also emerged to address the high energy consumption of cryptocurrency mining by removing the need for performing computations altogether. coinmarket

  2. Much appreciated such a great amount for this data. I need to tell you I agree on a few of the focuses you make here and others might require some further survey, however I can see your perspective. ripple forecast

  3. The news hit digital currency prices around the globe. According to industry website CryptoCompare, South Korea accounts for between 6 and 12 percent of bitcoin trading, as cited by CNBC. There is no ICOPulse ICO Rating checker in Russia, ICO Pulse is the only website working globally.

  4. Some different cryptographic forms of money are Litecoin, Namecoin, Peercoin, Dogecoin, and Worldcoin, to give some examples. These are called altcoins as a summed up name. cryptocurrency video

  5. n the event that the destroying of a coin or a focal controller can change the exchange record, it is scrutinizing its essential security. The same applies to parts with doubtful code that have not been completely tried throughout the years. Crypto Marketing

  6. Change the calculation and increment the 26 million to... 52 million? To 104 million? Join the Fiat printing march? In any case, at that point, by the amount hypothesis of cash, Bitcoin would begin to lose esteem, similarly as Fiat as far as anyone knows loses an incentive through 'finished printing'... ICO Marketing Services

  7. Traders and investors have realized the great potential this currency has to offer, and it is heavily traded by beginning and seasoned investors alike. The best way to get the most out of Litecoin trades is to utilize the services of a Litecoin broker. Press Release Distribution

  8. Never thought about it, right? It's time to think because in this post we are going to provide you a four-step guide on creating your own cryptocurrency. Read through the post, and then see whether you can do it for yourself or not!

  9. As bitcoin has turned into a hotly debated issue of premium and many individuals are putting resources into it, there is no damage in the event that you excessively get some computerized riches. Crypto Information