After Bithumb left South Korea, the local authorities understood that some regulations are needed to make the funds stay within the country. The new bill aims to protect cryptocurrency traders from hacks. This is a good step towards BTC legalization.

https://news.bitcoin.com/korean-lawmaker-bill-promote-cryptocurrency/

Good news from our Eastern partners: Russia discovers new blockchain possibilities together with India. This country has very good potential in terms of new technologies, and this partnership promises to be very fruitful.

https://www.crypto-news.in/news/india-russia-increase-co-operation-blockchain-artificial-intelligence/

👍🏻 Despite the current market downtrend, one of the famous American venture capital investors Tim Draper is positive about the future of the cryptocurrency market and plans to raise a fund that is completely in Bitcoin.

https://usethebitcoin.com/tim-draper-says-trillions-of-dollars-will-move-towards-the-crypto-market/

👍🏻 Thumbs up for Plekhanov Russian University of Economics!

Since the blockchain technologies are on the rise now the demand for bitcoin oriented education is a good reason to implement such courses with the help of Bitfury.

https://kryptomoney.com/bitcoin-mining-pool-bitfury-to-launch-blockchain-accelerator-with-russian-university/

The law about cryptos was pushed to the first reading, but still, it's a very good sign. It means that the Russian state committee thinks of the ways to give an exact definition and legalize cryptocurrencies in the nearest future.

https://cointelegraph.com/news/russian-crypto-bill-draft-pushed-back-to-first-reading-for-significant-edits

👍🏻 Implementing official taxation for crypto payments is a good step towards btc legalization and mass implementation since 19% is way less than most of the value-added-taxes worldwide.

👍🏻 Thumbs up for our western neighbor!

https://insidetrade.co/19-tax-on-crypto-in-poland/

👍🏻 Nasdaq has finally confirmed its plans to list BTC futures for leveraged trading. The statement was made at the official level by Joseph Christinat, the vice president of communications of Nasdaq.

👍🏻 The launch is planned for the first half of 2019 and will serve as a great step towards cryptocurrency mass adoption.

https://dailyhodl.com/2018/12/04/bitcoin-futures-confirmed-by-nasdaq-official/

🇧🇾 Belarus, our closest neighbor, was one of the first countries to set up official legislation concerning cryptocurrencies. The regulatory framework includes tax exemptions, AML laws, data protection requirements and other legal questions.

This was the right decision as now this region has become one of the most attractive for investors all over the world.

https://coinjournal.net/belarus-high-tech-park-introduces-additional-crypto-blockchain-regulations/

The national stable coin is a great step in blockchain mass adoption for any country. It's a cool compromise between authorities that need to control money issuance and the advantages of cryptocurrencies, such as speed and low fees.

Several countries have already issued their own cryptocurrencies (el Petro in Venezuela, DigiCash is Tunisia). Now Russia takes the same course.

https://cointelegraph.com/news/state-duma-chairman-russian-stablecoin-would-be-equivalent-to-fiat-ruble-in-digital-space

📈 According to BDcenter report, 15% of the overall crypto exchange users are located in Russia. Since there are no special regulations, all these users have to stay in the grey zone. BitRussia aims to change this situation for the better offering the possibility to invest.
Follow our channel to learn more!

‼️ Russian authorities are to consider new laws: Investment Platform Operators Act and Digital Asset Act are the most wanted bills go for the 2nd reading in December.

👍🏻 "Digital Assets" and "Smart Contract" are the terms to be introduced to move forward legalization process. Currently, cryptocurrencies are not legal on our territory, so let's keep our fingers crossed!

👍🏻 WorkHero is a powerful tool based on smart contracts to help you find professionals to solve any task: developing, marketing, copywriting, video production, finance, law and much more.

🛡Transactions are secured by BitRussia ecosystem and the decentralized ledger technology!

‼️ Despite the current downtrend of the crypto market, huge state companies such as Sberbank still seek how to make use of the blockchain technologies to automate some parts of the deals following the European colleagues.

👍🏻 Sberbank has been testing the new technologies since January this year and now we can see the positive results.

https://www.coindesk.com/russias-sberbank-uses-smart-contract-to-settle-three-way-repo-deal

‼️ BitRussia founder Ivan Rodionov to participate in RBC conference about legal regulation of cryptocurrency in Russia.

🗺 This remarkable event will take place tomorrow at Mariott Arbat, Moscow. Registration opens at 9 a.m. Book yourself a ticket, too!

https://bc.rbc.ru/event/5bb75ea09a7947d748784622

↗️ Summing up the G20 summit results: cryptocurrencies are acknowledged to be important, but further regulations should be imposed on the industry.

↗️ In the current market state, the questions of the tax evasion and Anti-Money-Laundering (AML) concerns are especially acute. The new standards to be applied in the upcoming year of 2019.

https://cointelegraph.com/news/g-20-summit-results-crypto-is-important-for-global-economy-needs-to-be-regulated-and-taxed

‼️ Gazprombank aims to implement the solution to help clients manage their investment portfolios across multiple asset classes including cryptocurrencies. This decision aims to cater for BTC and other cryptocurrency-oriented clients.

👍🏻 The attention of the huge state-backed banks towards cryptos talks for itself.

https://www.ccn.com/gazprombank-forges-new-partnership-to-offer-crypto-assets-services/

Yesterday at the RBC conference, the following topics were discussed:

🔸 crowdfunding problematics and regulation worldwide
🔸 how legalization in Russia will help to solve these problems
🔸 the rules for operators of investments platforms from the legal perspective

The event was remarkable indeed for the Russian crypto community. Here are some awesome photos: