Russian entrepreneurs registered bitcoin, Fang, Fang vodka ether ether

Russian entrepreneurs registered bitcoin, Fang, Fang vodka ether ether

Russian local entrepreneur Dmitri Trijski (DmitryTroitsky) plans to create a named some of the popular encryption currency vodka series. Troitsky has applied for a patent and trademark, in order to develop three different vodka brand, called “bitcoin, Fang Fang classic Ethernet and ethernet”.

Bitcoin, Fang Fang vodka and ether ether

Yekaterinburg based Dmitri Trijci (DmitryTroitsky) program named after famous encryption currency, to create a high quality vodka line. Troitsky has been to Russia the Trademark Bureau submitted three names for the alcoholic beverage products. Although Troitsky learned that the government is not very conducive to the expression of encryption currency attitude, but he believes that public opinion is different. Troitsky explained to said, these names could make his products more attention.

Troitsky in the publication said: “I am in the thirty-third kind of international classification of goods and services (except beer) used in the name of the encryption of the goods, the three is the name of the top digital currency. I can’t say how it will be, and when will the deregulation, but I am sure I can use the vodka.”

The Troitsky design and the associated encryption currency system.

The Russian entrepreneur is not the only one password money and alcoholic beverage with the popularity of people. Last January, reported the password in southern Florida brewery supporters and owner of AviAisenberg, created the “EthereRum” products. From the use of bitcoin miners to heat the distilled rum, instead of wasting it.

Troitsky will be more vodka is a new concept or gift, the creators of the details, but enough to push Russia, he believes that the final beverage can succeed in business.

“Try to imagine the wine on the table, you will understand that bitcoin is a comic character with vodka joke,” Troitsky said more details when said, “but, due to the need for sufficient legal support and sufficient resources, it is possible to work on business.”

“The name of encryption currency may evoke pleasant memories of some goods.”

You agree with the idea of DmitryTroitsky? What’s your opinion?

Vietnam will put bitcoin legalized?

Vietnam will put bitcoin legalized?

Vietnam and bitcoin is very unstable.

Just a few months ago, Vietnam was also a focus on bitcoin Ponzi scheme to get confused in mind. Scam promise is not fulfilled, a lot of loss of money can only learn from the vietnamese.

Since bitcoin appeared for the first time in Vietnam, the Vietnamese government for bitcoin launched repeated warnings. This is like Russia, Vietnam and bitcoin is also trying to keep a safe distance, it think bitcoin will stir up trouble and lead to crime, now bitcoin remittance system has already spread throughout South asia.

So why Vietnam suddenly changed the attitude? According to reports, Vietnam is now in a legitimate bitcoin currency and encryption edge, lawmakers are looking for ways to bitcoin regulatory activities, with new rules allowing it to be used for non cash payment. If Vietnam really legalized bitcoin, Vietnam will and the United States, France, Germany, Canada and Japan and other countries to stand together, all of these countries have taken for bitcoin currency regulation and encryption.

For most people, the legalization of bitcoin is a good news, but it is difficult to eliminate the occurrence between Vietnam and the past digital currency is not happy. On the one hand, in the use of bitcoin attitude may tempt tax evasion, corruption, bribery and other illegal acts. At the same time, Vietnam as Coinify and BitcoinVietnam “basis for cooperation”, only from this point is not easy to see the true position of vietnam.

At the beginning of this year, BitcoinVietnam became the first official Vietnam bitcoin exchange, it cooperates with the Coinify to the Vietnamese people to introduce bitcoin transactions. Coinify CEO MarkHojgaard BitcoinVietnam said the Vietnamese people accepted the road laying bitcoin, at the same time the team is very pleased to become a part of the change process.

Russia postponed indefinitely on bitcoin draft

Russia postponed indefinitely on bitcoin draft


Russian Federation deputy finance minister AlexeiMoiseev said recently, bitcoin in Russia should not spread as a threat to their own financial ecosystem existence. Therefore, no plan of electronic money development should stop encryption.

AlexeiMoiseev, Russia’s deputy finance minister has banned bitcoin in Russia in 2014, but now I think electronic encryption currency would not pose a threat to the financial system of russia.

At that time, Moiseev believes that bitcoin and “copycat money” is a kind of “instead of money” – electronic encryption currency, also pointed out that, through the establishment of a law prohibiting bitcoin circulation in 2014 or 2015. But the law did not get through.

In a recent SputnikNews report, Moiseev told reporters:

“All bitcoin or similar ‘bitcoin’ electronic encryption currency would not cause too much of a threat to the public, because they are not instances of large-scale use, so now is not to threaten our financial system.”

Then he added, “in the future, it may bring a lot of problems, because it is not regulated.”

But the chairman of the Russian investigation committee Alexander Bastrykin (AlexanderBastrykin) said that bitcoin is the real threat to financial stability can exist”. The Russian authorities said the spread of bitcoin transactions’ agents’ should be curbed.

Moiseev and the Ministry of Finance and the initial implementation of a bitcoin users will be up to imprisonment for 4 years but then the draft, the Ministry has according to the criminal law and bitcoin characteristics, proposed a two-year “labor reform” of the draft.

However, the Ministry of finance to further amend the bill from March 2016, if the establishment of the Russian bitcoin company will face up to 7 years in prison and fines.

But the Justice Department and the Russian Ministry of internal affairs is to act in a “public hazard” have been questioned, and in the subsequent rejection of the Ministry of Finance submitted on bitcoin bill.

The denial and friction of the Ministry of Finance seems to be a wake-up call, Moiseev said recently, the Ministry of finance will suspend bitcoin and other encryption currency ban, he said at last:

“We want to quietly watch the situation now, to deal with all kinds of possible cases.”

The Russian Ministry of Communications and Mass Communications drafts ICO-related bills

nRunaway Comment: The Russian Ministry of Communications and Mass Communications has drafted a bill on ICOs aimed at certifying ICO issuers in the hope of giving full control over such sales of cryptocurrencies. Under the Act, successful accredited organizations will have to comply with a number of rules, such as having a registered capital of 100 million rubles and an inspection every three years. At present, regulators have begun to solicit public opinion on the bill.n
nTranslation: Inan
ICO issuer certificationn
It has been reported that the Russian Ministry of Communications and Mass Communications has submitted a proposal to seek a five-year certification of ICO issuers on a voluntary basis.n
The proposal details the procedure for accrediting organizations that issue digital tokens, which has been posted on the Russian government’s normative legal practices portal, and regulators are currently seeking public opinion on the program.n
Tass news agency summed up the proposal:n
n”Token distribution organizations must meet a range of criteria: registration in the territory of the Russian Federation in accordance with the registration requirements for legal entities; registered capital of at least 100 million rubles; licenses to develop, manufacture and distribute encrypted funds; sales of digital tokens Special bank account. “n
Mandatory rulesn
Certified ICO issuers must comply with some mandatory requirements. First, they must “exchange tokens of digital token holders at a low price based on an immutable offer.” Second, they are obliged to “issue digital tokens for Russian rubles through cashless settlement.” In addition, they have the responsibility “to use funds obtained through digital token purchasers, but only to maintain their ability to perform their token exchange obligations.”n
The media also pointed out:n
n”The Ministry of Communication will decide whether to grant certification within 30 days after it receives the application, and a certified organization shall undergo a full inspection (excluding unplanned inspection) every three years to meet the required requirements.”n
nAlthough the proposal is strict with future ICO issuers, Nikolai Nikiforov, the minister for communications and mass media, commented last week: “It’s important not to over-regulate emerging things for all projects in the digital economy.” RBC The report quoted him:n
n”We decided that we should take the certification path and allow some professional organizations to implement the first real projects, otherwise our country would be technically backward.”n

Russia drafts a bill to set up an offshore company to trade cryptocurrencies

nBankruptcy comment: According to Russian media reports, the Russian Ministry of Finance recently proposed to draft a bill to allow offshore companies to set up trading cryptocurrencies. According to TASS, the Ministry of Finance is considering the creation of a cryptocurrency exchange on the Russian island and the Oktyabrsky islands. However, it seems that the Russian Ministry of Finance and the Russian Central Bank have yet to reach a consensus on the possibility of trading currencies with rubles and other assets. Herman Klimenko, Presidential Adviser on Internet Development in Russia, recently criticized this proposal from the Ministry of Finance and considered that there is no difference from a technical point of view on the transactions of cryptocurrencies.n
nTranslation: Clovern
The Russian Ministry of Finance is drafting a law that allows offshore companies to set up cryptocurrencies. This is basically consistent with the recently released act of the legal framework on cryptocurrencies.n
Offshore cryptocurrency tradingn
According to Ria Novosti, “the Russian Ministry of Finance recently proposed to set up an offshore company in Russia for conducting cryptocurrency trading.” However, the Tass news agency said Alexei Moiseev, deputy minister of finance of Russia, said:n
n”The Ministry of Finance is considering opening cryptocurrency exchanges on the Russian island and the Oktyabrsky islands.”n
nOctober is an island on Kaliningrad in Europe. The island of Russia belongs to the Pacific coast town of Vladivostok (Vladivostok) adjacent to Japan. Last November, a Hong Kong company announced plans to establish a cryptocurrency mine on the Russian island.n
Referring to a recently released bill entitled “About Digital Financial Assets,” Moiseev said the bill is also taking both islands into account. The agency said Moiseev said it has held discussions with Far Eastern Affairs on the transaction of cryptocurrencies on the Russian island.n
According to Moiseev, “trading of cryptocurrencies with rubles and other assets can be resolved in different regions.” Tass said in his speech:n
n”This may not work in the Common Territory, but within the framework of a special territorial territory such as the Vladivostok Free Port, some of the conditions for offshore transactions have been met and now a bill is being prepared for Russia and the October Islands Islands Multi-interest. “n
Opinions differn
The Ministry of Finance and the Russian Central Bank have yet to agree on the possibility of trading currency with rubles and other assets.n
Tass news agency reported that Herman Klimenko, Presidential Adviser on Internet Development in Russia, “criticized the idea of ​​the Ministry of Finance to set up an offshore company in Russia for trading cryptocurrencies.” According to him, from a technical point of view, cryptocurrencies are traded No differencen
Klimenko elaborates:n
n”This is the same as determining mining is legal in a particular area.You can not prove that the mining was carried out at a specific location or on a specific equipment.” In addition, he “believes that an offshore company’s organization has no financial basis and can not create new jobs “n
nThe media further quoted him as saying:n
n”It is understandable that we do offshore fishing in sea cucumber, because there are fish, but the most important factor for crypto currency exchanges is the speed of the internet, and if you have the best internet traffic on the island of Russia, So fast, that understands why trading is going on the Russian island, but not so far. “n

Russia urges the other four nations to formulate a common cryptocurrency policy

nRunaway Comment: In order to speed up the digitization process in the region and improve the competitiveness of the digital economy, the leaders of the Eurasian Economic Union fully participated in the “digital agendas in the globalization era” for extensive discussions. Russian Prime Minister Medvedev called for the establishment of a common principle of currency encryption, but should not be confined to a country’s framework. In particular, the adoption of digital currencies should take into account the close links between the regions of the Union. Consider creating a digital currency that’s within the region.n
nTranslation: Annie_Xun
Russian Prime Minister Medvedev demanded that the leaders of the European Economic and Social Union (EAEU) jointly formulate a common principle of encrypted currency. Both the Central Bank of Russia and the Prime Minister believe that cryptocurrencies should not be confined to the framework of a single country.n
Common cryptocurrency guidelinesn
Tass news agency reported that Russian Prime Minister Medvedev urged EAEU leaders to jointly formulate a common principle of currency encryption. At the Forum on the Digital Agenda in the Era of Globalization on Friday, he said there was a need to “unify the cryptocurrency guidelines within the framework of EAEU.”n
EAEU member states include Armenia, Belarus, Kazakhstan, Tajikistan and Russia. In addition to Medvedev, the participants included Armenian Prime Minister Karen V. Karapetyan, Belarusian Prime Minister Andrei Vladimirovich Kobyakov, Kazakhstan’s Prime Minister Bakytzhan Abdirovich Sagintayev, Tajikistan Prime Minister Sapar Dzhumakadirovich Isakov and EAEU Chairman Tigran S. Sargsyan.n
Medvedev told other EAEU leaders on cryptocurrency issues:n
n”We should not be limited to the framework of the domestic framework and it is impossible to implement these principles within one country. We need to align our approach to the coalition level. Otherwise, the principle formulation will take a completely different perspective and thus will not achieve a high degree of readability legality”.n
nMentioned the leaders of other countries said “may be paid in cryptocurrencies,” Medvedev said, “our economy is too closely linked, so let’s explore it further.” He also suggested organizing an international dialogue on cryptocurrencies, emphasizing the need for “simultaneous work with EAEU countries in the region.”n
Obtained by the Central Bank of Russian
Last December, Olga Skorobogatova, First Deputy Governor of the Bank of Russia, said the bank supported the issuance of super-sovereign cryptocurrencies in the territory of EAEU or BRICS.n
Vedomosti quoted her words:n
n”From a microeconomic point of view, the introduction of national digital currency does not seem entirely plausible, and the issue that is worth discussing with our colleagues for us is the introduction of a digital currency within the territory of EAEU or BRICS.”n

The Russian Federal Savings Bank will take steps to circumvent the country’s cryptocurrency regulation

nRunaway Comment: Russia’s legislation on cryptocurrency is now making new progress, and a related bill appears to be coming out in September. By then, Russia may ban the trading of cryptocurrencies in its territory. But some financial entities do not want to disappoint their clients who are interested in cryptocurrencies, so they start looking for solutions. Sberbank said it would bypass its national regulation by offering cryptocurrency trading services at its Swiss branch.n
nTranslation: Inan
Andrey Shemetov, head of global marketing at Sberbank, said at a news conference on Tuesday that the bank “plans to conduct cryptocurrencies trading outside Russia to avoid violating domestic regulations,” Reuters reported. Sberbank is Russia’s largest bank, is the third largest bank in Europe, the majority of its ownership by the Russian government.n
According to Shemetov, “Russian law forbids Sberbank from trading cryptocurrencies,” but “the state bank hopes to serve its clients in this hot market that attracts some investors.” He told reporters: “This is why we think we need to have strategic access to these products.” According to the Tass news agency, he emphasized:n
n”In Russia, we can not trade cryptocurrencies, but we want to cater to our customers’ interests and we think we have to have access to many such products.”n
nThe Russian Ministry of Finance recently released a draft law on the supervision of digital assets (including cryptocurrencies) in its territory. The bill is expected to take effect in September.n
Sberbank’s strategy to deal with this situation is to trade cryptocurrencies through its Swiss branch in Zurich. According to TASS, Shemetov said Sberbank’s Swiss branch is creating a “crypto-currency trading infrastructure” and states: “We developed our own trading infrastructure to open up our own positions to serve our customers, enabling them to trade cryptocurrencies “He reiterated:n
n”Swiss law allows currency transactions to be encrypted and we are developing the infrastructure to deliver these services through the Swiss branch.”n
nAccording to the report of Agence France Presse, this kind of product of Sberbank was originally only offered to legal entity. Shemetov said: “The product is very risky and volatile and we do not offer these services to a large number of customers.” He added:n
n”We are working on all of the most liquid cryptocurrency pairs and we’ll look at what customers are interested in and where they are liquid … Obviously we will not get into the less liquid cryptocurrencies.”n
nLast November, Sberbank bought a number of graphics cards that could be used to encrypt currency mining, resulting in a shortage of these products in the Russian market. The bank said at the time that the cards were for its “artificial intelligence laboratory.”n
According to local media reports, Herman Gref, president and chairman of Sberbank’s board of directors, said earlier this month at the Gaidar Forum that “cryptocurrency can not be banned, a good new technology that has not yet been fully implemented Research and utilization. “n

Russia plans to oversee cryptocurrencies

nRally Commentary: Russia proposes a new regulation aimed at regulating and controlling the production of cryptocurrencies and digital assets in the financial sector, identifying regulatory requirements for cryptocurrencies, ICOs, mining and trading, helping curb illegal activities and enabling robust cryptography Monetary tax system. The MOF believes that proper supervision will help the company successfully sell tokens under the protection of law. I believe more and more countries will use various ICO regulatory policies to attract the encrypted currency enterprises and promote economic development. Germany and France also proposed to discuss monetary regulation at the international level.n
nTranslation: Annie_Xun
Russia drafted a draft law on the regulation and production of cryptocurrencies and digital assets.n
Regulate cryptocurrenciesn
Russia proposed a new regulation aimed at regulating and controlling the production of cryptocurrencies and digital assets in the financial sector. The newly proposed legal framework will define exactly the regulatory requirements for cryptocurrencies, ICOs, mining and trading. The regulation also aims to curb illegal activities that may be linked to cryptocurrencies.n

The ministry said the new rules will reduce the risk of fraud and create a more stable system of cryptocurrency levies. It is worth mentioning that the new regulations will limit the maximum ICO investment for unregistered investors to 50,000 rubles, or about $ 889. Reports show that the Russian central bank that the new laws and regulations are not strict enough.n
Boost the Russian economyn
For months, bitcoin and cryptocurrencies have become major issues for governments and regulators. By the end of 2017, the Belarussian government officially confirmed the legalization of cryptocurrencies and exempted cryptocurrency-related activities for the next five years. Analysts believe more countries in the world will make laws conducive to the encryption of money businesses, attract companies and boost national economic activity.n
ICO is already under the control of global regulators. Russia’s new legal framework will require all entities planning to conduct ICO to meet all regulatory requirements. The Treasury believes the new ICO regulatory rules will make it easier for companies to organize tokens while they follow the necessary laws. Germany and France have also proposed to discuss bitcoin and other cryptocurrencies regulation at the G20 meeting in Buenos Aires, Argentina.n

Russia has developed a system for screening identities of cryptocurrencies, but considering tax cuts

nRunaway Comment: Russia’s Ministry of Communications and Mass Communications plans to develop a cryptocurrency miners identification system that uses network traffic and power consumption to identify miners. In this regard, the Department of Energy said that technical feasibility does not mean that the economy is feasible, so there may only be industry-scale large nodes. While experts believe that this tracking is difficult to distinguish the power consumption for what purpose, not to mention there are systems that encrypt network traffic. However, the Ministry’s overall plan includes tax concessions for two years, but the Ministry of Finance and the Department of Energy have ruled that the Russian taxation standard is very low and there is no need to provide more concessionsn
nTranslation: Annie_Xun
The Russian government is planning a crypto-mining law that reports “special systems” that detect miners who cryptocurrencies. In addition, the miners may implement two years of tax incentives, including energy consumption targets and special duties.n
Investigate the system of minersn
Last week Vedomosti reported that the Russian Ministry of Communications and Mass Media was developing a system to identify the country’s cryptocurrency miner for tax purposes.n
Report explanation:n
n”Given the current structure of consumption and network traffic, there will be a special system for detecting miners, linking the capacity of mining equipment to that declared by the miners on the cryptocurrency exchange.”n
nAccording to the media, two people familiar with the situation have confirmed the existence of such information in mining regulation prepared by the Ministry of Communications. The bill is expected to be submitted to the State Duma date is February 1.n
This is not the first time that Russia has explored ways to identify miners. Anatoly Aksakov, chairman of the National Duma Financial Markets Commission in October, referred to the possibility of identifying cryptocurrency miners using power consumption.n
Feasibility of this tracking methodn
Ria Novosti reports that DOE believes “is technically feasible, but it must be understood whether such processes and activities are economically viable, and perhaps only the large nodes that provide industrial-scale activities worth monitoring.”n
Experts tell the media that “the main issue is how government agencies detect consumers’ accounts that earn encrypted currencies, not consumers who watch TV at home and heat apartments.”n
n”It’s extremely difficult to track where consumers dig in encrypted currency or download movies in their apartment.”n
nAndrei Koptelov of Center for Economic Research, Synergy University, Russia, explains: “Detecting miners from profiles of electricity consumption and network traffic is hard to come by. Basically, it is not possible to tell whether electricity is being consumed from mines or domestic heating, And private virtual networks allow you to encrypt traffic. “n
Tax incentives, energy consumption targets and special dutiesn
Although the emphasis on cryptocurrency mining will be taxed, RBC reported that the Ministry of Communications considered providing miners with special offers.n
n”Mandatory accounting information disclosure two years miners can get tax cuts, and then have an obligation to pay income tax, but do not pay VAT.”n
nHowever, Ria Novosti reports that Deputy Treasury Secretary Alexei Moiseev told reporters last week that the Ministry of Finance “does not consider it necessary to provide a tax cut for miners.”n
In addition, the Ministry of Communications also plans to provide the “energy consumption targets and special tariffs.”n
Last week, representatives from the Ministry of Energy participated in a meeting organized by the Ministry of Communications to discuss regulation of mining in Russia. The DOE said that “so far no one can explain why” special tariffs must be imposed on miners. The Energy Department news service said: “In the Russian Federation, the current tariffs are the lowest in the world and have given Russia enough attractive computing facilities.”n

Russia’s Ministry of Finance Drafted ICO Regulation Act

nRunaway Comment: Although Russia’s attitude towards cryptocurrencies is still not clear enough, progress has been made in the relevant legislative work in the area. At present, Russia’s Ministry of Finance has released a draft law aiming to standardize the investors’ participation in token sales and clearly set forth the requirements for such activities. As the draft must also be validated by other legislative bodies to take effect, the process of this work has become one of the concerns of the cryptocurrency community.n
nTranslation: Inan
The Russian Ministry of Finance recently drafted a federal law on the regulation of digital assets and ICOs.n
The new bill, released by the Ministry of Finance on January 25, outlines the needs to be met by ICO-sponsored projects and investors wishing to participate in token sales. Since it was introduced by government agencies, the draft must also be formally governed by a review by legislative bodies such as the Russian State Duma and the Federal Council.n
Under the terms of the draft, licensed professional investors who abide by the Russian securities law will have unlimited investment in the field of cryptocurrencies, while substandard investors invest up to 50,000 rubles (About 900 U.S. dollars).n
In addition, the proposed act stipulates that Russian ICO organizers must disclose information to fully comply with regulatory requirements, including the full name of the issuer of the token, the website of the project, the network provider, and the fixed operator of the organizer .n
However, the draft intends to prohibit the sale of tokens before the promotion, it wrote:n
n”No token may be offered to potential buyers in any form or manner of promotion until they are issued.”n
nThis new draft is the latest in Russia’s regulation of tokens sales. According to another explanation of the draft, it was drawn up on the basis of instructions issued by Russian President Vladimir Putin on October 21 last year.n
The draft also validates the remarks made by a legislator in December last year, when he said that Russia was discussing plans to formulate new laws and regulations in this field.n