Bitcoin in Russia Might Be Recognized but Become Totally Unanonymous


Jan 11, 2017
The Russian authorities are still exploring ways to regulate cryptocurrency transactions before making a draft of the new law for digital currency circulation. The latest proposal from the Russian Ministry of Finance states that digital currencies could be recognized as a commodity with the appropriate taxes and face obligatory customer identification.

Deputy Finance Minister Alexei Moiseev stated:

“Now there are different legal concepts of how to determine Bitcoin. We consider the definition of bitcoin as "other property”.”

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