Health Care

Cryptocurrency supply reined in by Putin in Russian Federation

Cryptocurrency supply reined in by Putin in Russian Federation”

The Russian government has made a decision to officially regulate the mining and circulation of cryptocurrencies.

Bringing a gift for your host when you're visiting from out of town is often a courteous move and something that Turkemenistan's president, Gurbanguly Berdimuhamedov obviously believes in as he brought quite the gift for Russian president Vladimir Putin on a trip to the Bocharov Ruchei state residence in Sochi.

"We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulation", said Finance Minister Anton Siluanov on Wednesday. "The state should take control over it", the minister said.

On Tuesday President Vladimir Putin chaired a meeting of senior Russian officials on the issue, and said the cryptocurrencies were risky and used for crime.

"Relying on the worldwide experience, we should build a regulatory environment to systematize relations in this sphere and protect, of course, interests of our citizens, businesses and the state, to provide legal guarantees to work with innovative financial instruments".

However, Putin said digital money lacks transparency.

"The president has spoken of the problems related to cryptocurrencies".

Cryptocurrencies such as bitcoin enable individuals to transfer value to each other and pay for goods and services bypassing banks and the mainstream financial system.

"Cryptocurrencies are issued by an unlimited amount of anonymous subjects. Many countries look for approaches to regulate the circulation of crypto currencies, they only start creating necessary legislative conditions and the legislative regulatory framework", Putin said.



Like this

loading...
loading...

Latest


11 October 2017
Where Does Wall Street Think Devon Energy Can Trade in a Year?
TAL Education Group (TAL) have shown a high EPS growth of 33.40% in the last 5 years and has earnings rose of 9.50% yoy. Sun Life Financial INC boosted its position in shares of Devon Energy Corporation by 32,058.3% in the 2nd quarter.

11 October 2017
Agnico Eagle Mines Ltd (AEM) Analysts See $0.15 EPS
Credit Suisse Group AG reissued a "buy" rating on shares of Agnico Eagle Mines in a research note on Wednesday, February 15th. This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends.

11 October 2017
States gets extension on REAL ID
The law passed in 2005 seeks to improve security standards for state-issued identification credentials. Passage of that law has allowed the state to continue working toward compliance.

11 October 2017
Diamondback Energy, Inc. (FANG) Shares Sold by Northern Trust Corp
Royal Retail Bank Of Canada owns 51,436 shares for 0% of their portfolio. 2,200 are owned by Cubist Systematic Strategies Ltd Com. Route One Invest Com Ltd Partnership accumulated 5.97% or 2.23 million shares. 306,280 were reported by Rothschild Asset Inc.

11 October 2017
Issue Subscribed 65% So Far On Day 3
Companies are required to set aside a proportion of the IPO shares for anchors who are part of qualified institutional buyers. Retail investors, whose bid value can not exceed Rs 2 lakh per application, bid for 5.6% of the shares reserved for them.

11 October 2017
Murphy Oil Corp Q2 2017 Institutional Investor Sentiment Better Than Expected
Capital Research Glob Investors holds 0.07% of its portfolio in Williams-Sonoma, Inc. 60,874 are held by Segment Wealth Mngmt Lc. ValuEngine raised shares of Murphy Oil Corporation from a "sell" rating to a "hold" rating in a report on Friday, July 28th.

11 October 2017
Dani Alves wants Alexis Sanchez at Paris Saint-Germain
Arsenal's Alexis Sanchez will not be going to the World Cup next summer thanks to an eventful final day in qualification. On whether he could join PSG, the ex-Barcelona man added: "It's a possibility but there are several teams that want him.

11 October 2017
Greece satisfies Russia's extradition request for citizen accused of money laundering
A court in the Greek city of Saloniki satisfied Moscow's extradition request for Russian citizen Alexander Vinnik at its hearing on Wednesday, his lawyer Ilias Spirliadis told TASS.

11 October 2017
Phishing attack dupes iPhone users into revealing their Apple ID password
It would be hard for users to make out the difference, leading them to enter their credentials and being none the wiser. As his pictures show, this can be designed by a developer to look identical to a "Sign into iTunes Store" pop-up.

11 October 2017
IShares Trust - iShares Russell 2000 ETF (ARCA:IWM) Technicals at a Glance
Checking in on some valuation rankings, iShares Trust - iShares Russell 2000 ETF (ARCA:IWM) has a Value Composite score of 45. Narrowing in a bit closer, the 5 month price index is 1.01016, the 3 month is 1.05139, and the 1 month is now 1.02089.