
16:13, 24 October 2017
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Putin orders the development of national cryptocurrency regulations

The new regulations are supposed to be similar to those for IPOs.
In addition, by the same date, the Government and the Central Bank are expected to come up with legal definitions for “distributed ledger technology”, “digital letter of credit”, “digital mortgage”, "crypto-currency", “token” and "smart contract". These definitions must be predicated on "the ruble being the sole mandatory legal tender in the Russian Federation".