Russia Isn’t Bothered to Recognize Bitcoin for Now, Says Justice Minister; What Drove his Decision?

Russia’s Minister of Justice, Alexander Konovalov, has indicated that it is unnecessary to give cryptocurrencies a legal definition at this point in time, according to the country’s state-owned news agency TASS. In a meeting with Russian legislators, Konavalov argued that it would be unwise to define cryptocurrencies in their current state. Additionally, Konavalov said it was also premature to formalize legislation touching on cryptocurrencies in Russia. As was reported by CCN mid last month, there are legislative efforts relating to cryptocurrencies and ICOs being undertaken by the Russian parliament. Why Russia Wants to Go-Slow on Crypto Regulation The Justice Minister’s

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Russia Denies Buying $10 Billion in Bitcoin, Telegraph Story Fake News

Russia is not planning to buy $ 10 billion in bitcoin this quarter, according to an official with the Russian State Duma. Elina Sidorenko, chair of the Duma’s cryptocurrency group, says the rumors are nonsense. “This statement has no common sense,” Sidorenko told ForkLog. “The Russian Federation — like any other country in the world — is simply not … Continued

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Fake News: Why Russia is Probably Not Planning a $10 Billion Bitcoin Buy

Several crypto “news” outlets have gone ham with a story about the Russian government allegedly planning a massive purchase of bitcoin. Russia has made no official announcement to this effect. This reporter first came in contact with the story as it “broke” at The Daily Hodl, a site previously not known to this reporter as … Continued

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