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The Bermuda Monetary Authority has issued a consultation paper on draft regulations pertaining to “virtual currency businesses” and initial coin offerings (ICOs). The proposed bill seeks to create a framework that encourages and fosters the development of Bermuda’s nascent cryptocurrency industry.
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The Russian Ministry of Finance has revealed some details of the upcoming bill to regulate cryptocurrencies which the ministry has been preparing in collaboration with the central bank. The ministry is considering restricting cryptocurrency mining and penalizing crypto payments as well as prohibiting token sales on the secondary market.
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