The government and the Central Bank of the Russian Federation received from Russian President Vladimir Putin an order to prepare amendments to Russian legislation regulating the ICO. In addition, Putin asked to come up with a mining tax.
"The Government of the Russian Federation together with the Bank of Russia shall ensure that changes are made to the legislation of the Russian Federation providing for ... regulation of public funds attraction and crypto-currencies by placing tokens (ICOs) by analogy with the regulation of IPOs," RT instructions issued on the Kremlin website.
According to the president's instruction, the Central Bank and the government will be required by 1 July 2018 to designate the status of a crypto-currency in the legislation, describe and classify the technologies of a blockade, a token and a smar contract. In addition, they will have to make the necessary requirements for those who are engaged in the mining of crypto-currency, develop methods for registration and taxation of miners.
Recall last week, Nikolai Nikiforov said that Vladimir Putin decided to create a cryptor and instructed the government and the bodies responsible for it to begin work in the right direction. While there is not much information about cryptorubles. It is reported that it will not be able to be mined and that it will not be anonymous. In addition, the system will be centralized.
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