Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that...
Tag: Ministry
Russian Finance Ministry Submits Crypto Proposal but Central Bank Not Satisfied
Russia’s finance ministry submitted legislative proposals for cryptocurrency regulation to the government, which the Bank of Russia reportedly takes issue with. According to a document sent to the fin...
Russian Ministry Pushes To Legalize Bitcoin Mining In Some Areas
Russia’s Ministry of Economic Development recently introduced a proposal to explicitly legalize and tax Bitcoin mining in regions with an electricity surplus. It says Bitcoin mining, which exists in s...
Indian Crypto Exchanges Met With Finance Ministry Officials to Seek Tax Reconsideration
“Uncertainty surrounding cryptocurrency regulations, limited knowledge of the capital market and a desire to maximize profits drove exchanges to innovate unnecessarily, to the point where complexity b...
Russia Ministry of Economic Development wants to legalize Bitcoin mining
The Russian government is going all in on cryptocurrencies. Shortly after announcing the country would regard Bitcoin and other cryptocurrencies as currencies, the country now wants to legalize Bitcoi...
Bank of Russia, Finance Ministry Fail to Reach Deal in Crypto Meet
Key Takeaways The head of the Bank of Russia met the country’s Finance Minister to discuss crypto regulation Tuesday. The two sides have still not resolved their disagreements on how to regulate...
Indian Finance Ministry & Central Bank in ‘Complete Harmony’ on Crypto Policy
The Reserve Bank of India (RBI) and the Indian Ministry of Finance are in “complete harmony” on cryptocurrency policy, according to the finance minister. “With RBI and the Ministry, not just on crypto...
Russia’s Finance Ministry Wants To Give Crypto A Chance
Opposing the Bank of Russia’s views on banning cryptocurrencies, the country’s Ministry of Finance is lobbying the government to legalize crypto as financial assets. Ministry Of Finance Opposes Bank ...
Russia’s Ministry of Finance Wants to Let Banks Sell Crypto: Report
Key Takeaways Russia’s Ministry of Finance has reportedly proposed new regulations to legalize cryptocurrencies as financial assets. The regulator has suggested that banks could be authorized to...
Russia Finance Ministry Proposes to Regulate Crypto Instead of Banning It
The Ministry of Finance proposed a regulatory framework that would enable cryptocurrency transactions to be carried out through Russia’s banking system, with infrastructure to monitor and identify tra...
First Putin, now Finance Ministry: No crypto ban, rather regulation is the way to go
Russian lawmakers and administration are locking horns over the fate of the country’s cryptocurrency sector, even as the threat of a blanket ban looms over its head. In the latest development, the Rus...
Russian Finance Ministry Believes Crypto Should be Regulated not Banned
The Ministry of Finance in Russia demonstrates its latest stance about the hot issue of the intended blanket ban on crypto-related activities by the nation’s apex bank. The ministry believes that the...
Russian Ban on Crypto Industry Thwarted by Ministry of Finance
Just days after the Russian Central Bank had suggested banning cryptocurrencies in the country, the Ministry of Finance has admitted that it is opposed to the idea. In a dramatic turnaround, the Russ...
Bitcoin Regulation Needed in Russia, Not a Ban: Finance Ministry
In brief Russia’s central bank last week said Bitcoin mining and transactions should be banned. But the finance ministry today said the country needs to “regulate, not prohibit” crypto. Russia’s...
Estonia’s Ministry of Finance says it does not plan to ban cryptos
Estonia’s Ministry of Finance does not plan to ban citizens from HODLing or trading cryptos. The ministry disclosed this news through a press release on January 2, noting that the recently approved dr...