Checkmate: Libra Crumbles Against The Senate, Hearing Proceeds Tomorrow.

13m
coingape

Jerry Brito: The Case for Electronic Cash in an Open and Free Society

15m
letstalkbitcoin

IMF: Crypto Assets May Surpass Traditional Forms of Money

15m
dailyhodl

Market Update: Bulls struggle to push Bitcoin towards $11k. Here’s What...

17m
zycrypto

House GOP Leader McCarthy Likes Bitcoin But Criticises Facebook’s Libra

20m
zycrypto

Cannabis Stocks Blaze as FDA Expedites Landmark CBD Rules

20m
cryptonewmedia

Bitcoin Security and Ethics with Neha Narula - WBD125

22m
letstalkbitcoin

German Finance Minister: Facebook Shouldn’t Be Allowed to Compete with the Euro

24m
coindesk

Are Cardano, Chainlink and Ravencoin doomed to continue falling?

27m
cryptoslate

“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions

33m
cryptoslate

Chainlink Price Analysis: LINK/BTC Breaks out From a Descending Wedge

40m
beincrypto

Facebook Stresses Libra’s Compliance With FinCEN at Senate Hearing

44m
cointelegraph

Newsflash: Bitcoin Crashes Below $10,000

1h
cryptonewmedia

Bitcoin Dips Below $10,000 for the Second Time in July

1h
cointelegraph

Pound Dives on Boris Plans to Suspend Parliament

1h
cryptonewmedia

WATCH: Breaking Down the Libra Hearings

1h
coindesk

Komodo Antara framework for business-ready “Smart Chains” now live

1h
cryptonewmedia

Binance Plans Launch of Fiat-to-Cryptocurrency Exchange in South Korea

1h
cryptoglobe

Former U.S. Presidential Candidate Says He's 'All for Cryptocurrencies'

1h
cryptoglobe

US Senate Grills Facebook’s Crypto Chief As JP Morgan Chase Dismisses Threat From Libra

1h
dailyhodl

Polychain Capital Leads $7 Million Seed Round for Trading Desk…

1h
cryptonewmedia

Bitcoin [BTC] Price Drops Below 10k as Libra Senate Meeting Concludes – Here’s What Happened

1h
coingape

XRP Slides 23.4%, Mnuchin Presser A Ray of Hope For Ripple

1h
cryptonewmedia

Big Crypto Investors Flock to Grayscale, Sending Q2 AUM to $2.7 Billion

1h
cryptonewmedia

96% of Bitcoin SV Transactions Come from a Weather App, Report

1h
bitcoinist


Central Bank of Russia will Hold Bitcoin [BTC] Reserves Predicts…

Reportedly, Russian lawmakers, the State Duma is expected to finalize a bill on Digital Financial Assets within two weeks. They have already held discussions on the bill once and seem to have received positive votes from the house. Deputy Finance Minister of Russia, Alexei Moiseyev said,

“Now we are looking at the text [of the bill on digital financial assets] and within two weeks, I hope, we will come out for adoption in the second reading,”

As reported earlier on Coingape, the Russia Federation had passed a bill on digital currencies which introduced as a series of norms for the citizens to follow.

Currently, they are working on implementing the complete set of laws around cryptocurrencies and ICOs. Russia might be one of the few nations to allow ICOs under its crowdfunding laws. Moiseyev also added,

“Within the framework of this concept, ICO regulation was approved. second reading, “

Also Read: Report Reveals How Russian Operators Used Bitcoin to Interfere 2016 US Presidential Election

The Regulatory Environment in Russia around cryptocurrencies and Bitcoin has been quite receptive compared to other nations. France also keeps a neutral attitude towards cryptocurrencies and ICOs. US, India, China and many other nations are against ICOs as they are either Ponzi schemes or based on wrong fundamentals of being a security or a cryptocurrency. However, Russia has planned to allow them unobstructedly.

A country which promotes a range of cryptocurrencies and blockchain projects can soon be expected to be inclined to hold Bitcoin [BTC]. Mati Greenspan, the Senior Market Analyst at eToro noted,

“The CBR [Central Bank of Russia] will be holding BTC reserves within 2 years. Mark my words.”

Currently, Russia holds 4554 billion US Dollars in Central Bank Reserve. If Greenspan’s prediction holds true and Russia assigns even 1% of its reserve value to Bitcoin [BTC], it’s market capitalization would increase by $45.5 billion.

Do you agree with Greenspan’s views given the current regulatory environment in Russia? Please share your views with us.

The post Central Bank of Russia will Hold Bitcoin [BTC] Reserves Predicts Analyst appeared first on Coingape.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments