Bitcoin Price Forecast: Russia Finalizing Regulations by July, Bitcoin Future Looks Safe
Another country is swiftly moving toward Bitcoin regulations. This time, it’s Russia. Yesterday, Russian President Vladimir Putin signaled the country’s regulators to get the cryptocurrency regulations in place, at the very latest by July 2018. Why does it matter? Because the regulations would define the future of Bitcoin and other cryptocurrencies in the country.
Putin set the ball rolling on crypto regulations last year, and the ball is now in the regulators’ court.
On one side, the Central Bank of Russia is of the view that cryptocurrencies pose investment risks and so should not be legalized for investing. On the other side, the Ministry of Finance wishes to regulate the market to deliver a safer trading environment to investors while allowing cryptocurrency exchanges to operate in the country.