‼️ 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:

👍🏻 Good news from the battlefield of cryptocurrency legislation in Russia. The bill on digital financial assets is not going to be edited too much, so it has all the chances to pass to the next reading soon. Let's keep our fingers crossed!

https://cointelegraph.com/news/russian-deputy-prime-minister-draft-crypto-legislation-wont-be-significantly-edited

💲 During the downtrend, stable coins are something to help you save your crypto investments since their rate always equals to 1 unit of a fiat currency. One more stable coin was to be launched by the startup Basis funded by none other than Google itself.
However, the launch never happened due to SEC tight regulations.

‼️ BitRussia plans to launch own stable coin in the Russian jurisdiction since the legislation is not so tight here.

https://ambcrypto.com/secs-tight-regulations-see-google-funded-startup-basis-stablecoin-project-close-shop/

Among the countries that are most friendly towards cryptos are
- Switzerland
- Malta
- UK
- Germany
- Hong Kong
- Australia
- US
and many more.
Authorities in these regions have started to actively work on qualifying the legal status of cryptocurrency or already successfully completed this task.

Russia is getting closer to legalization questions as well, and hopefully, startups will soon be able to legally raise funds here, too.

https://lawstrust.com/en/ico/pravovoj-status-kriptovalyut/crypto-friendly

BitRussia aims to solve the following problems in cryptocurrency regulation:

🔸trust between projects and investors, BitRussia will serve as a mediator to secure investor's funds
🔸integration with traditional banking solutions and classic banking products
🔸creation of a whole ecosystem for running advanced business processes

Follow our channel to learn more!

🇮🇷 Iran aims to issue at least 2 state-backed virtual currencies to by-pass the US sanctions. Before that, officials accepted cryptocurrency mining as an official industry and signed a trilateral agreement of cooperation regarding blockchain technologies with Russia and Armenia.

The experts from all 3 countries come together to share the experience and find the practical use for blockchain-based applications.

https://www.al-monitor.com/pulse/originals/2018/12/iran-cryptocurrency-blockchain-swift-russia-agreement.html

📉 The current downtrend in the ICO market makes it very difficult for crypto projects to raise sufficient funds, especially through the classic financial market. BitRussia is here to help such projects.

‼️ Sign up, pass the KYC procedure and present your project to dozens of funds. The launch in 2019!

http://bitrussia.io

‼️ BitRussia founder Ivan Rodionov talks about the current problems in ICO regulations at RBC conference.

4 main factors that contribute into the growth of the industry:
1) trust
2) safety
3) technology
4) law

👍🏻 BitRussia aims to resolve them all by providing the crypto projects with the appropriate environment and the investors with the means of controlling the funds' expenditure.

https://www.youtube.com/watch?v=SBDgaoXfj-c

❓ Assets, property, electronic money. It's hard to settle common definitions across all jurisdictions for such a new area as cryptocurrencies.

‼️ The Russian ministry calls cryptocurrencies a property, but it's not official yet. There's still much to work on and the appropriate laws are yet to be developed.

https://news.bitcoin.com/the-daily-japan-calls-all-coins-crypto-assets-russia-defines-cryptocurrency-as-property/