... [+]Alexander Astafyev/POOL/TASS
Earlier in the week, Anatoly Aksakov, the chairman of the State Duma Committee on Financial Markets, said the Russian parliament is “99% likely” to adopt a new law on crypto this spring. This will allow all companies to reconsider selling any goods and services on the blockchain, including those that operate outside the country, Aksakov said.
For the majority of businesses, anonymity is not necessary and can get some into trouble with regulators. Without proper regulation and oversight, fraudsters, tax evaders and money launders thrive in crypto, especially in Russia where this type of activity is already high. Crypto transactions are anonymous, with nothing but numbers and letter codes showing money flowing from one code to another, without location or account holder’s name.
Mishustin was one of the government’s leaders looking into the creation of a digital ruble back in November 2018. He has said that the emergence of alternative payment systems to the ruble, and other global fiat currencies issued by governments, should be prevented. Think Facebook Libra for example. Bitcoin is not legal tender in Russia, and the new government there has no intention of ever making it so.
But how will they ever be able to track it. .... oh wait
Good Thinking about cryptocurrency
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia's new prime minister is a career bureaucrat with no political aimsMikhail Mishustin, chief of Russia's tax service, was tapped by President Vladimir Putin to replace Prime Minister Dmitri Medvedev. Maybe he can help me get my daughter back. She was abducted by the mother and taken to Russia. My daughter is being held against her will and the local authorities won’t do anything “It’s not worth our time” ~ Attorney Powers fathersrights equality Fits Putin to a tee...
Source: latimes - 🏆 11. / 82 Read more »
Who is Russia’s new prime minister Mikhail Mishustin?UPDATE: Mikhail Mishustin has been picked as Russia's next prime minister by President Putin, and the Duma has quickly approved Mishustin to the role Thursday. Isn’t that AoDespair?
Source: NBCNews - 🏆 10. / 86 Read more »
Ukrainian prime minister submits resignation after recordings publishedUkraine's prime minister says he has submitted his resignation, days after he was caught on tape saying the country's president knows nothing about the economy. Ukraine has more of a democracy than we do. Let that sink in. Trump should have resigned as soon as his drug deal was uncovered. To bad for the pay wall some folks can't afford to subscribe to every dam paper Imagine if everyone who criticizes the president was asked to resign here.
Source: latimes - 🏆 11. / 82 Read more »
Ukrainian prime minister resigns after recordings publishedIn a Facebook post, Oleksiy Honcharuk said that he had given his resignation to President Volodymyr Zelenskiy. “I took this post to implement the president's program. He is an example of transparency and decency to me,' he said.
Source: trtworld - 🏆 101. / 63 Read more »
Ukrainian prime minister resigns after recordings publishedKYIV, Ukraine (AP) — Ukraine's prime minister submitted his resignation Friday, days after he was caught on tape saying the country's president knows nothing about the economy. In a Facebook... Awesome Job, Mr President . May God Bless And Protect Your Country.... Wow! A country with a political party that owns up to their misdeeds! Must be so refreshing. More upheaval in Ukraine, but we’re currently having an Impeachment of the .POTUS because he wanted accountability for our tax dollars by investigating a designated “CORRUPT” nation. 💸 BizarroWorld 🙃
Source: AP - 🏆 728. / 51 Read more »
Morgan Stanley: Amazon Prime one-day shipping will pay off in long run - Business InsiderMorgan Stanley is even more bullish about Amazon's investment in one-day shipping as it raises its price target: 'This build phase shall too pass'
Source: BusinessInsider - 🏆 729. / 51 Read more »