Russia Moves to Regulate Crypto, Issues First Commercial Bonds via Blockchain


Russia’s State Duma Committee on State Construction is to support the first reading of a regulatory proposition which is to incorporate the fundamental rules for the digital economy in the country’s Civil Code. At the same time, a leading Russian bank issues the first commercial bonds carried out via Blockchain‐based technology.

Russia is making serious efforts towards dominating the booming industry of blockchain technology, claiming that it will eventually belong to them. In April of this year, the country’s Ministry of Telecom and Mass Communications unveiled regulations framing the conduct of Initial Coin Offerings (ICOs). To further attest its serious intentions, the government even demanded major revisions to some previously proposed cryptocurrency laws.

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