Vladimir Putin Mandates New Rules for Cryptocurrencies and ICOs

Russian President Vladimir Putin has mandated new regulations around cryptocurrencies, including registration requirements for miners and the application of securities laws to initial coin offerings (ICOs).

The Kremlin published five orders from Putin over the weekend, representing perhaps the most direct move to date by the Russian government to oversee activities around the tech. Not only do the orders from Putin mandate new legal structures around cryptocurrency within Russia, it they ambitiously establish a plan to use the technology to create a “single payment space” within the Eurasian Economic Union, which features Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia as members…

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