{"id":2423,"date":"2017-05-31T12:53:50","date_gmt":"2017-05-31T12:53:50","guid":{"rendered":"https:\/\/holytransaction.com\/blog\/?p=2423"},"modified":"2017-05-31T12:53:50","modified_gmt":"2017-05-31T12:53:50","slug":"bitcoin-russia-new-law","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html","title":{"rendered":"Bitcoin Russia: a new law proposition by Russia’s Central Bank"},"content":{"rendered":"

The Bitcoin Russia<\/strong> saga is continuing to move on, as the Russia’s Central Bank<\/strong> is writing a new law focused on digital currencies.<\/p>\n

Reports suggest that the Bank of Russia is looking to recognize digital currencies as digital goods, so they will be subjected to regular taxation.<\/p>\n

Also, this law will\u00a0include info on how the government will keep an eye on and regulate domestic marketplaces.<\/p>\n

According to Bloomberg and RBC, in fact, deputy governor of the Bank of Russia, Olga Skorobogatova<\/strong>\u00a0discussed her institution’s work on new legislation.<\/p>\n

On May 25th,\u00a0Skorobogatova explained that legislation could be introduced in the Russia’s national legislature \u2013 or the so- called Duma – in June.<\/p>\n

Digital currencies\u00a0“should be regulated, because volumes are increasing compared to the previous year. If people are engaged in this, they have to pay money for it, and we have to have a clear understanding of how to control this activity”,<\/em>\u00a0explained Skorobogatova, according to a recent report published by Bloomberg.<\/p>\n

So, Russia is moving ever closer toward some kind of legislative framework for bitcoin and other digital currencies.<\/p>\n

Initially, the government seemed to want to take a contrary stance on the creation of issuance of the money surrogates and Russian officials revealed their idea to ban bitcoin as illegal.<\/p>\n

That position has changed during the recent months, and the enthusiasm on the blockchain started to increase among both officials from the Bank of Russia as well as the Russian government.<\/p>\n

For example, Prime Minister Dmitry Medvedev<\/strong> pushed for research into public applications of the distributed ledger tech.<\/p>\n

Read more about Bitcoin Russia regulation here<\/a>.<\/p>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin Russia saga is continuing to move on, as the Russia’s Central Bank is writing a new law focused on digital currencies. Reports suggest that the Bank of Russia is looking to recognize digital currencies as digital goods, so they will be subjected to regular taxation. Also, this law will\u00a0include info on how the […]<\/p>\n","protected":false},"author":2,"featured_media":2425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,83,191,468,542],"tags":[1415,1218],"yoast_head":"\nBitcoin Russia: a new law proposition by Russia's Central Bank -<\/title>\n<meta name=\"description\" content=\"The Bitcoin Russia saga is continuing to move on, as the Russia's Central Bank is writing a new law focused on digital currencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Russia: a new law proposition by Russia's Central Bank\" \/>\n<meta property=\"og:description\" content=\"The Bitcoin Russia saga is continuing to move on, as the Russia's Central Bank is writing a new law focused on digital currencies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:author\" content=\"facebook.com\/ameliatomasicchiomarketing\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-31T12:53:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/05\/russia-1927096_960_720.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"719\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amelia Tomasicchio\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ametomasicchio\" \/>\n<meta name=\"twitter:site\" content=\"@holytransaction\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amelia Tomasicchio\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html\",\"url\":\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html\",\"name\":\"Bitcoin Russia: a new law proposition by Russia's Central Bank -\",\"isPartOf\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html#primaryimage\"},\"image\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html#primaryimage\"},\"thumbnailUrl\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/05\/russia-1927096_960_720.jpg\",\"datePublished\":\"2017-05-31T12:53:50+00:00\",\"dateModified\":\"2017-05-31T12:53:50+00:00\",\"author\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/eface1991a1e60913be2fff06e08e42c\"},\"description\":\"The Bitcoin Russia saga is continuing to move on, as the Russia's Central Bank is writing a new law focused on digital currencies.\",\"breadcrumb\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html#primaryimage\",\"url\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/05\/russia-1927096_960_720.jpg\",\"contentUrl\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2017\/05\/russia-1927096_960_720.jpg\",\"width\":960,\"height\":719,\"caption\":\"russia 1927096 960 720\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-russia-new-law.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/holytransaction.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"duma\",\"item\":\"https:\/\/holytransaction.com\/blog\/tag\/duma\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bitcoin Russia: a new law proposition by Russia’s Central Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\",\"url\":\"https:\/\/holytransaction.com\/blog\/\",\"name\":\"\",\"description\":\"HolyTransaction's Blog - 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