Russian President Vladimir Putin orders government of Russia to regulate the Cryptocurrency before July 2019 reported on February 27, 2019.
From the report Vladimir Putin ordered the government to regulate Crypto related entities by giving the deadline of July 1, 2019.
Following is written in the report :
“federal laws aimed at the development of the digital economy, including determining the procedure for conducting civil law transactions in electronic form, as well as regulating digital financial assets and attracting financial resources using digital technologies.”
For the development of the digital economy and to open the doors for Blockchain based businesses in Russia Putin enforced government to provide regulations as early as possible before July.
Regulations are important to attract digital companies which is important for the adoption of digital technologies.
Federal legislation of digital assets will help to create the digital economy in the country.
Tags: #Bitcoin , #Crypto Regulation , #Russia , #Adoption, #Digital Assets , #Cryptocurrency , #Legalize Crypto , #Vladimir Putin