Hi everyone,
today I have a really good news regardin our belovedd crypto market. Russia wants to make it legal!
Russia intends to ensure legal protection of crypto resources for cryptocurrency holders. Prime Minister Mikhail Mishustin spoke about a regulation of cryptocurrency in Russia. Planning to establish regulations leading to a "civil direction". Those who hide their cryptocurrency from the government risk up to three years in prison.
I think this is a great initiative since more and more people become skeptical about cryptocurrencies.
Many people in Russia talk about legislation in the field of digital currency. In the last session of the Russian government there were imported news about cryptocurrencies. The Prime Minister of Russia wants to follow a "civil" approach to the regulations of cryptocurrencies.
The government's decision came when the crypto market skyrocketed in the whole country. Therefore, the Russian government will attempt to establish a regulated market for legal cryptocurrency.Although the country has a turbulent past regarding digital currencies, Mikhail Mishustin is confident that legislators will find a helpful and legal framework for cryptocurrencies.
Of course, concerns about cryptocurrencies in Russia have not disappeared overnight. But what is more frightening is a market that is constantly growing and uncontrollable by institutional bodies. This is why the Prime Minister of Russia intends to civilize the cryptocurrency sector.
"The government plans to direct the cryptocurrency market on a civilized path so as to allow the owners of these assets to safeguard their rights and interests. Making it more difficult to create dodgy projects".
Mishustin has long been a supporter of the digitization of every part of the government. In January, he also spoke at an event and discussed rethinking the roles of government in an era of digital revolution. At the time, he proposed that the Russian government would try to promote a digital ecosystem to make life better for ordinary people.
What do you think about this? Do you agree? Do you disagree?
Just let me know in the comments below ;)
