Putin approves framework for ICO

Russian President Vladimir Putin approves a timeline for a framework that will regulate ICOs and cryptocurrency mining operations
31 October 2017   1927

According to the official documents published on the Kremlin website, Russian President Vladimir Putin signed several orders intended to regulate cryptocurrency usage within the country.

A list of assignments on kremlin.ru
A list of assignments on kremlin.ru

Thus, the orders mandate that Russian Prime Minister Dmitry Medvedev and central bank chief Elvira Nabiullina must draft regulations that bring ICOs in line with existing laws governing securities.

On top of that, the regulations that will require Russian cryptocurrency mining operations to register with the government and determine the appropriate procedure for the government to tax income garnered from those operations are to be implemented. Then, the legal status of cryptocurrencies used within the financial sphere “based on the obligation of the ruble as the only legal tender in the Russian Federation” must be determined. The tasks must be completed by July 1, 2018.

Finally, the government plans to establish a regulatory sandbox that will allow the central bank consider additional regulations for cryptocurrencies and other fintech products, as well as draft proposals for a  “single payment space” created for the member states of the Eurasian Economic Union (EAEU).

Some sources speculate that the mandate may be in preparation for the launch of the cryptoruble, a state-controlled cryptocurrency that Putin reportedly approved during a closed-door meeting earlier this month.

Poloniex to Receive GRAM Listing Application

The application was filed by the head of the Gram Vault custodian and Blackmoon COO Sergey Vasin before the SEC's lawsuit
22 October 2019   70

The head of the Gram Vault custodian, Sergey Vasin, filled out an application for listing on the Poloniex exchange before the SEC filed a lawsuit against Telegram.

According to Vasin, who is also a Blackmoon COO exchange, Gram Vault stores 50% of tokens from the first round and 75% of tokens from the second round of sales.

He also added that Telegram does not work directly with exchanges. The document was at the disposal of CoinDesk.

SEC asked Telegram for information on possible Gram trading on the Coinbase, Poloniex, Bittrex, Huobi, Binance, Blackmoon and Liquid exchanges. Only the last two and Coinbase Custody previously announced token support.

Recall that the SEC lawsuit has already forced Telegram to postpone the launch of TON in the spring of 2020.