Russia will legitimize ICO and cryptocurrency

President Vladimir Putin gave instructions to the government to make amendments to legislation that legitimize cryptocurrency
24 October 2017   1055

The statements concerning future policy towards cryptocurrency in Russia appeared on October 21 on the official website of Kremlin.

The orders made by President of Russia Vladimir Putin are concerned with new legal regulations which will be applied to cryptocurrency in Russia. The instructions aim at establishing a plan to use cryptocurrency technology to create a unitary payment space with the Eurasian Economic Union, and making a special system for cryptocurrency miners to register and pay taxes on a profit they make.

Moreover, the instructions mention creation so-called "sandbox", which will allow companies to test products under limited conditions.

The Government of the Russian Federation, in conjunction with the Bank of Russia, shall ensure that changes are made to the legislation of the Russian Federation providing for...[the] determination of the status of digital technologies used in the financial sphere and their concepts (including such as "technology of distributed registries", "digital letters of credit", "digital mortgage", "crypto-currency", "token", "smart contract") based on the obligation of the ruble as the only legal tender in the Russian Federation.
 

Official list of instructions on the use of digital technologies in the financial area

All the instructions should be put through by the government and Central Bank by July 1, 2018.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   97

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."