Facebook WhatsApp Reddit Twitter Shares
Russian government has move to recornize Bitcoin and other Cryptocurrency as a currency in the country.
The Russian government and the Central Bank has come to Conclusions, to formally recornize cryptocurrency as means of currency in the country.
The development is come after the initials plan to ban mining Bitcoin in Russia .
.u080e74559fcb162bfd7331ffad6dae84 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid #16A085!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u080e74559fcb162bfd7331ffad6dae84:active, .u080e74559fcb162bfd7331ffad6dae84:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u080e74559fcb162bfd7331ffad6dae84 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u080e74559fcb162bfd7331ffad6dae84 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u080e74559fcb162bfd7331ffad6dae84 .postTitle { color:#16A085; text-decoration: underline!important; font-size: 16px; } .u080e74559fcb162bfd7331ffad6dae84:hover .postTitle { text-decoration: underline!important; } READ ALSO Price of Bitcoin, and Others Cryptocurrency fall, is Time to buy the Dip, to join the next Millionaire
According to news outlets, the government will draw regulation that will integrate cryptocurrency into the country financial system.
Binance founder, CZ confirmed the development on his Twitter handle.
His tweet read:
Russia takes the decision after India recornize cryptocurrency.
India government which initially ban cryptocurrency, lift the ban and place 30% tax on crypto related transaction in the country.
.u0d7cd2630fab7d02657baab506d84583 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid #16A085!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u0d7cd2630fab7d02657baab506d84583:active, .u0d7cd2630fab7d02657baab506d84583:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u0d7cd2630fab7d02657baab506d84583 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u0d7cd2630fab7d02657baab506d84583 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u0d7cd2630fab7d02657baab506d84583 .postTitle { color:#16A085; text-decoration: underline!important; font-size: 16px; } .u0d7cd2630fab7d02657baab506d84583:hover .postTitle { text-decoration: underline!important; } READ ALSO Nigerian Govt Move After Suspected Crypto Traders Block account after Nigerians Youths fail to Buy e-Naira
NaijaBlog .ng
For More Update: Follow Us on Facebook @Naijablogng | Twitter @Naijablogng | Telegram @Naijablog | YouTube @Naijablog | and Instagram @Naijablogng
Facebook WhatsApp Reddit Twitter Shares
Tagged: #naijablogs, #naijanews, Bitcoin, cryptocurrency, Economy, Russia