Russian Ministry of Finance to prepare a Bitcoin report by mid-summer, legitimize Bitcoin

posted 17 days ago
Russian Ministry of Finance is set to prepare a "Concept of Bitcoin as a financial instrument" report, said Deputy Minister Alexey Moiseev.

"We're currently preparing a report for the government. Our proposal is to regulate Bitcoin as a financial product in order to first fight money laundering and second - protect the consumers of such financial products. So, basically, we propose to regulate it just like any other financial product. The ministry of Finance was asked to coordinate with a number of other agencies and finalize the report by mid-summer", said Moiseev.

Earlier this month in an interview to Bloomberg Moiseev said that authorities are looking to legitimize Bitcoin and other cryptocurrencies in Russia in 2018.
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