Russian political party proposes to legalize Bitcoin

posted almost 6 years ago
The Party of Growth, which represents liberal free market economy and democracy, believes that the Bitcoin blockchain technology is developing rapidly around the world, including Russia. The party proposes to legalize Bitcoin mining and officially recognize Bitcoin property rights.

During an interview with TASS, a Russian news agency which has worked closely with various Russian government organizations for well over a century, Boris Titov - the Presidential Commissioner for Entrepreneurs’ Rights in Russia and the Leader of Right Cause party - stated the importance of cryptocurrencies such as Bitcoin in the economy of Russia and its impact on the finance industry.

The Party of Growth also plans to utilize the Bitcoin blockchain to conduct conventional government operations. Specifically, Boris explained that using the timestamp of Bitcoin transactions, the Russian court can secure their records and data onto a irrefutable decentralized ledger.
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