31 May '17, 11am

Russia's Central Bank is Writing a New Bitcoin Law

Russia's central bank is preparing new legislation focused on bitcoin and other digital currencies. While the plan doesn't yet appear to be set in stone, reports indicate that the Bank of Russia is planning to recognize cryptocurrencies as digital goods, with the relevant tax to be applied. The legislation would also reportedly include language establishing how the government will surveil and regulate the domestic marketplace. What they're saying: According to news sources Bloomberg and RBC, the details came out of a parliamentary hearing at which Olga Skorobogatova, deputy governor of the Bank of Russia, discussed her institution's work on new legislation. Skorobogatova, on 25th May, reportedly said that legislation could be introduced in the Duma – Russia's national legislature – as early as next month. While no transcript of the 25th May meeting was immediately availabl...

Full article: http://www.coindesk.com/russias-central-bank-writing-new-...

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