financial

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Alza gli occhi, non chiuderti mentalmente: valuta ogni possibilità!

We are happy to #welcome our #CFO Venkat Balasubramanian a.k.a Bala. With over 20 years of extensive experience, he’s an #economist with legal and #financial acumen. . Check link in bio to read more! . #CLAPeople #CLAWelcome

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#Russian #Duma Adopts Three #Crypto Bills on First Reading Russian State Duma has approved its first reading of the long-awaited legislation package regulating crypto-related matters and activities. The legal texts, voted almost unanimously, will open the way for #legalization of cryptocurrencies in the #RussianFederation, including their #exchange and circulation under certain conditions. Deputies now have about two weeks to propose amendments before they proceed to final adoption of the three bills. #Cryptocurrency Is #Electronic Property, Not Legal #Tender The bill “On Digital #Financial Assets”, № 419059-7, prepared by the #Finance Ministry, was voted by Russian legislators with only one “nay”. It regulates the relations arising from the creation, issuance, storage, and circulation of digital financial assets. The draft also establishes the exact procedures for conducting crypto transactions and concluding smart contracts, including the exercise of rights and the performance of obligations. Last week, Russian prime minister Dmitry Medvedev said that common words like “cryptocurrencies” and “tokens” will be replaced with the legal terms “digital money” and “digital rights” in the new legislation. The text of this particular draft, however, contains definitions of the original, colloquial terms. It reads: “Digital financial asset – property in electronic form, created using cryptographic tools.” It also says that property rights in this case are certified by making digital records in a register of digital transactions. Crowdfunding and Crowdinvesting Regulated The bill also describes the sequence of actions involved in issuing digital tokens, stating that their release should be carried out through public offering. Entities behind initial coin offerings (ICOs) will be required to disclose detailed information about their pВййrojects. The organizers of token sales need to prove they control at least 5 million rubles (~$81,000) of #capital. #Banks and non-credit financial institutions won’t be allowed to conducts #ICOs. #bitcoinnews #bitcoininfo #coin #altcoin #mining #crypto #crypto #cryptocurrencies #cryptonews #cryptotrading #cryptocurrencynew

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