cryptocurrency Russia

Russia’s Sberbank plans cryptocurrency exchange in Switzerland

PUBLISHED 03:43 FEBRUARY 6, 2018

Moscow appears to have moved quickly into the market of cryptocurrencies and cryptography. Gref earlier warned that companies including Blockchain and Bitcoin should not be banned or hindered in their operations.

Russia’s Finance Ministry legalised cryptocurrency trading on January 25 with the Digital Assets Regulation Bill, despite vocal objections from the country’s Central Bank. The bill defined cryptocurrencies and tokens as digital financial assets that are not legal tender in Russia. The Central Bank, however, argued that digital currency trading rules should only be applied to tokens that would attract financial investments.

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https://news.bitcoin.com/sberbank-bypass-russian-regulations-trade-cryptocurencies-overseas/

https://www.reuters.com/article/russia-sberbank-cryptocurrencies/sberbank-plans-to-trade-cryptocurrencies-outside-russia-idUSL8N1PP5SL

https://www.crypto-economy.net/ceo-of-sberbank-disagree-with-a-cryptocurrency-ban

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Bitcoin price falls below $6,000 as banker signals crackdown

BIS head says cryptocurrency is a ‘Ponzi scheme’ that poses a threat to financial stability
https://www.theguardian.com/technology/2018/feb/06/bitcoin-price-crackdown-bis-cryptocurrency

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more on cryptocurrency in this IMS blog
http://blog.stcloudstate.edu/ims?s=cryptocurrency

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