NFT Collection The Superlative Secret Society Price, Stats, and Review
Stablecoins Gain Ground as Global Financial Asset
Solana sees 1.3 million users leave – Here’s the why and what can stop it?
BONK’s price rally – Explaining its 83% pump over the week
Ethereum Sell Side Liquidity Thinning On CEXes: Time For $4,000?
Expert Makes Bold Call: It’s Time To Swap Your Dollars For Bitcoin
Swiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves
Crypto Trader Issues Bitcoin Warning, Says Ethereum Liquid Staking Project Flashing Short-Term Bullish Signal
Is Bitcoin ready for a run to $77K? AI says yes!
Bitcoin Runes Hype Dissipates: Why This Makes Life Difficult For Miners
$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024
Bitcoin Conference to Bring Star-Studded Lineup of Speakers to Hong Kong on Dawn of Historic ETFs
Crypto Exchange Predicts That Shiba Inu Will Reach $0.00008 In May, New ATH Loading?
dogwifhat: To hold or not to hold this memecoin today?
Brace For Price Impact: Dogecoin Whales Move Massive 456 Million DOGE To Exchanges
Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot
Two US Senators Pen Open Letter to DOJ and DHS Concerning Crypto Use by Child Abusers
Cardano: Most ADA transactions result in losses because…
The Shredderz: Web3 Rock and Heavy Metal Band Launches NFTs
Acinq to Withdraw Phoenix Wallet From US Markets Amid Regulatory Concerns
Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?
Study Reveals the Top Crypto Investment Choice for Millennials and GenZ
Polkadot, Chainlink, and ETFSwap are the only DeFi tokens you need in your portfolio
Russia could be implementing 20 cryptocurrency bills this year
The Russian parliament revealed on January 9 through a press release that the digital economy will be the topmost priority during the upcoming session, which will give Russia a headstart into the cryptocurrency ecosystem.
Vyacheslav Volodin, chairman of the lower chamber, outlined the bills being considered for the same in the opening spring session. The members have considered legislature on digital financial assets, digital rights and crowdfunding, reported CoinGeek.
Volodin requested the members to consider this for the good of the country and to make it a top priority. Volodin said:
“Creating a favorable legal framework for the development of the digital economy should in many respects provide us with an advantageous position in competition among other countries.”
Volodin revealed that there are more than 20 bills that will be introduced in the spring session and that he wants the parliament to be prepared to analyze the quality of the bills before considering to vote.
This could be one step forward in the direction of adoption of digital currencies, which is now an important agenda for Russia. The US is throwing sanctions at Russia and considering a shift to cryptocurrency as a way to offer some help to the nation.
While cryptocurrencies in Russian are not illegal, the country always had a cold reaction to it. However, the police have gone a step ahead in prohibiting its use by seizing crypto ATMs fearing that it could be used for cross-border money transfers. Nevertheless, the country has issued its Initial Coin offering [ICO], to begin with.
The parliament has taken efforts to write laws for digital currencies earlier too. Back in September 2018, according to the publication, the parliament’s draft was rejected as there was a lot left undefined. Then in October, the parliament got closer to hitting the target, giving private businesses and legal entities the ability to store assets on blockchains. However, the reference to mining was removed. These might all add up with Volodin’s new push, to get a successful framework in action.
The post Russia could be implementing 20 cryptocurrency bills this year appeared first on AMBCrypto.
