The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cWe won\u2019t be holding those assets in that form, but we will have a layer that accepts payment in those forms and then conversion into the units that we use, which is dollars, for budgeting and payments...but as a matter of convenience for the public, we will be accepting first for taxes and then for many different fees and services by this summer.\u201d <\/strong><\/em><\/p>Jared Polis, ETHDenver<\/cite><\/blockquote>\n\n\n\n As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Polis stated the reason for utilizing crypto payments was for faster payment speed and user convenience. The state is still looking for companies to handle the actual transactions.<\/p>\n\n\n\n \u201cWe won\u2019t be holding those assets in that form, but we will have a layer that accepts payment in those forms and then conversion into the units that we use, which is dollars, for budgeting and payments...but as a matter of convenience for the public, we will be accepting first for taxes and then for many different fees and services by this summer.\u201d <\/strong><\/em><\/p>Jared Polis, ETHDenver<\/cite><\/blockquote>\n\n\n\n As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Jared Polis, the Governor of Colorado, stated in an ETHDenver<\/a> talk that Colorado will accept state taxes and fees in cryptocurrency by the summer of 2022. <\/p>\n\n\n\n Polis stated the reason for utilizing crypto payments was for faster payment speed and user convenience. The state is still looking for companies to handle the actual transactions.<\/p>\n\n\n\n \u201cWe won\u2019t be holding those assets in that form, but we will have a layer that accepts payment in those forms and then conversion into the units that we use, which is dollars, for budgeting and payments...but as a matter of convenience for the public, we will be accepting first for taxes and then for many different fees and services by this summer.\u201d <\/strong><\/em><\/p>Jared Polis, ETHDenver<\/cite><\/blockquote>\n\n\n\n As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3531,"post_author":"1","post_date":"2022-02-21 17:45:06","post_date_gmt":"2022-02-21 06:45:06","post_content":"\n Jared Polis, the Governor of Colorado, stated in an ETHDenver<\/a> talk that Colorado will accept state taxes and fees in cryptocurrency by the summer of 2022. <\/p>\n\n\n\n Polis stated the reason for utilizing crypto payments was for faster payment speed and user convenience. The state is still looking for companies to handle the actual transactions.<\/p>\n\n\n\n \u201cWe won\u2019t be holding those assets in that form, but we will have a layer that accepts payment in those forms and then conversion into the units that we use, which is dollars, for budgeting and payments...but as a matter of convenience for the public, we will be accepting first for taxes and then for many different fees and services by this summer.\u201d <\/strong><\/em><\/p>Jared Polis, ETHDenver<\/cite><\/blockquote>\n\n\n\n As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3531,"post_author":"1","post_date":"2022-02-21 17:45:06","post_date_gmt":"2022-02-21 06:45:06","post_content":"\n Jared Polis, the Governor of Colorado, stated in an ETHDenver<\/a> talk that Colorado will accept state taxes and fees in cryptocurrency by the summer of 2022. <\/p>\n\n\n\n Polis stated the reason for utilizing crypto payments was for faster payment speed and user convenience. The state is still looking for companies to handle the actual transactions.<\/p>\n\n\n\n \u201cWe won\u2019t be holding those assets in that form, but we will have a layer that accepts payment in those forms and then conversion into the units that we use, which is dollars, for budgeting and payments...but as a matter of convenience for the public, we will be accepting first for taxes and then for many different fees and services by this summer.\u201d <\/strong><\/em><\/p>Jared Polis, ETHDenver<\/cite><\/blockquote>\n\n\n\n As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3531,"post_author":"1","post_date":"2022-02-21 17:45:06","post_date_gmt":"2022-02-21 06:45:06","post_content":"\n Jared Polis, the Governor of Colorado, stated in an ETHDenver<\/a> talk that Colorado will accept state taxes and fees in cryptocurrency by the summer of 2022. <\/p>\n\n\n\n Polis stated the reason for utilizing crypto payments was for faster payment speed and user convenience. The state is still looking for companies to handle the actual transactions.<\/p>\n\n\n\n \u201cWe won\u2019t be holding those assets in that form, but we will have a layer that accepts payment in those forms and then conversion into the units that we use, which is dollars, for budgeting and payments...but as a matter of convenience for the public, we will be accepting first for taxes and then for many different fees and services by this summer.\u201d <\/strong><\/em><\/p>Jared Polis, ETHDenver<\/cite><\/blockquote>\n\n\n\n As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3531,"post_author":"1","post_date":"2022-02-21 17:45:06","post_date_gmt":"2022-02-21 06:45:06","post_content":"\n Jared Polis, the Governor of Colorado, stated in an ETHDenver<\/a> talk that Colorado will accept state taxes and fees in cryptocurrency by the summer of 2022. <\/p>\n\n\n\n Polis stated the reason for utilizing crypto payments was for faster payment speed and user convenience. The state is still looking for companies to handle the actual transactions.<\/p>\n\n\n\n \u201cWe won\u2019t be holding those assets in that form, but we will have a layer that accepts payment in those forms and then conversion into the units that we use, which is dollars, for budgeting and payments...but as a matter of convenience for the public, we will be accepting first for taxes and then for many different fees and services by this summer.\u201d <\/strong><\/em><\/p>Jared Polis, ETHDenver<\/cite><\/blockquote>\n\n\n\n As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3531,"post_author":"1","post_date":"2022-02-21 17:45:06","post_date_gmt":"2022-02-21 06:45:06","post_content":"\n Jared Polis, the Governor of Colorado, stated in an ETHDenver<\/a> talk that Colorado will accept state taxes and fees in cryptocurrency by the summer of 2022. <\/p>\n\n\n\n Polis stated the reason for utilizing crypto payments was for faster payment speed and user convenience. The state is still looking for companies to handle the actual transactions.<\/p>\n\n\n\n \u201cWe won\u2019t be holding those assets in that form, but we will have a layer that accepts payment in those forms and then conversion into the units that we use, which is dollars, for budgeting and payments...but as a matter of convenience for the public, we will be accepting first for taxes and then for many different fees and services by this summer.\u201d <\/strong><\/em><\/p>Jared Polis, ETHDenver<\/cite><\/blockquote>\n\n\n\n As a Colorado congressman in 2014, Polis was one of the first U.S. politicians<\/a> to accept campaign donations in bitcoin.<\/p>\n\n\n\n Although Colorado isn't the first state to accept taxes through crypto, pilot programs in states such as Ohio were unsuccessful. Polis states that Ethereum and blockchain are a \u201ccritical part of Colorado\u2019s overall innovation ecosystem,\u201d being a crypto-forward state.<\/p>\n","post_title":"Colorado To Accept Crypto For Taxes By Summer","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"colorado-to-accept-crypto-for-taxes-by-summer","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:25","post_modified_gmt":"2023-04-30 11:39:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3531","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};