Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n
But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","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 mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n
Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n
But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","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"};
Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n
Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n
The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n
Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n
The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n
The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n
Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n
The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n
The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n
Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n
The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n
The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n
The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n
Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n
Regulate, Rather Than Ban<\/h2>\n\n\n\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n
The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n
Regulate, Rather Than Ban<\/h2>\n\n\n\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n
The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n
The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n
Regulate, Rather Than Ban<\/h2>\n\n\n\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n
Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n
The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n
The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n
Regulate, Rather Than Ban<\/h2>\n\n\n\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n
\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n
Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n
The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n
The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n
Regulate, Rather Than Ban<\/h2>\n\n\n\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n
T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n
\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n
Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n
The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n
The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n
Regulate, Rather Than Ban<\/h2>\n\n\n\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n
T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n
\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n
Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n
The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n
The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n
Regulate, Rather Than Ban<\/h2>\n\n\n\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n
With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\nSource: Change.org<\/em> <\/figcaption><\/figure>\n\n\n\n
<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n
T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n
\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n
Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n
The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n
The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n
Regulate, Rather Than Ban<\/h2>\n\n\n\n
After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n
Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n
<\/div>\n\n\n\n
Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n
The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n
The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n
It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n
The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n
What Do Russia's Regulations Entail?<\/h2>\n\n\n\n
The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n
Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n
Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n
\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n
<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\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 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
![\"\"](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2021\/11\/bitcoin-mining-rig-sezied-in-venezuela.jpg\")
![\"\"](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/02\/Screen-Shot-2022-02-03-at-10.20.35-pm-1160x950.png\")