Russia’s President Vladimir Putin has signed off on regulation of ICOs and cryptocurrency miningby July 2018.
Quoted in local news outlet RNS, the Kremlin’s press service formally announced the move Tuesday which will see ICOs included in regulatory statutes “on the basis of” longtime regulated IPOs.
In addition, the government may now legally define the status of various terms related to what the Kremlin describes as “digital technology.”
These include so-called ‘distributed ledger technology’ alongside ‘cryptocurrency,’ ‘token’ and ‘smart contract.’
Ideas for a dedicated regulatory sandbox for fintech in partnership with the central bank should also surface by Dec. 20, RNS reports.
Source
Quoted in local news outlet RNS, the Kremlin’s press service formally announced the move Tuesday which will see ICOs included in regulatory statutes “on the basis of” longtime regulated IPOs.
In addition, the government may now legally define the status of various terms related to what the Kremlin describes as “digital technology.”
These include so-called ‘distributed ledger technology’ alongside ‘cryptocurrency,’ ‘token’ and ‘smart contract.’
Ideas for a dedicated regulatory sandbox for fintech in partnership with the central bank should also surface by Dec. 20, RNS reports.
Source
