Russia

Putin Regulates Cryptocurrencies

By Rob on November 19 2017

On Saturday Oct. 21st—just two weeks after a top Russian banking authority hinted that Bitcoin exchanges would be banned in the country—Russian President Vladmir Putin released five Presidential orders related to the regulation of cryptocurrencies and blockchain technology.

National regulations have been proposed as mechanisms to reduce scams and crime facilitated by cryptocurrencies, but in the case of Russia it may be tied up in the country's alleged plans to launch a national cryptocurrency.