Russian President Vladimir Putin obliged Russian government and the Bank of Russia to prepare legislation on ICO and cryptocurrencies by July 2018.
Russia is to launch its national blockchain-based cryptocurrency named CryptoRuble. Datails still remain scarce, but some information has recently been revealed.
Russian President Vladimir Putin is sounding the alarm over cryptocurrencies.
The discussion between the President and Ethereum co-founder focused on the possible use of blockchain technologies in the Russian Federation.
The country’s Deputy Finance Minister unveiled that bitcoin may soon become a legal payment method, only a year after the Russian authorities threatened cryptocurrency users with jail time.
On Tuesday, Russian President Vladimir Putin commented on the potential use of digital currency in Russia during his speech at a domestic TV channel.
The Russian central bank said it’s ready to legalize the bitcoin and digital currencies.