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Blockchain and Bitcoin in Russia: what’s happening in legislation and projects
The following is a guest post from Ilya Lopatin. Ilya Lopatin
In the last year, the Russian authorities, known for their habit to ban things, have fundamentally changed their attitude to digital currencies and especially blockchain. Today, we can talk if not about support, then at least about non-interference in the sphere of blockchain developments by the government. Meanwhile, the major banks have managed to launch a number of pilot projects and estimated the potential of decentralization.
Regulation
Russian legislators don’t hasten to regulate Bitcoin. In general, the crypto community is fine with the situation, as all previous attempts were limited to bans and penalties. Different versions of 2015 draft law on cryptocurrency regulation were criticized for unreasonably strict measures towards bitcoiners and were not reviewed by the parliament.