29 Jan '16, 11am

Russia's Draft 'Anti-Bitcoin' Law May Be Flawed

Russia's Draft 'Anti-Bitcoin' Law May Be Flawed

Artem Tolkachev is a managing partner at Tolkachev & Partners law firm. The Moscow-based company specializes in intellectual property and contract development, and represents Internet businesses including those in the field of bitcoin and blockchain technology. In this article, Tolkachev examines Russia's recently announced draft bill on 'money surrogates' to see to see if a ban for digital currencies is really on the cards. A draft of a new Administrative Violations Code was submitted to the State Duma, the Russian Parliament, in December 2015. The bill is an extensive document covering a wide range of issues including tough regulation of 'money surrogates'. But what might it mean for bitcoin and other digital currencies? Vladimir Pligin, head of the State Duma’s Constitutional Law and State Building Committee, has indicated the new bill will be considered by the Duma thi...

Full article: http://www.coindesk.com/what-russias-latest-draft-legisla...

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