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Monday, 09/11/2017 3:22:45 PM

Monday, September 11, 2017 3:22:45 PM

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Russia is in the midst of legitimizing cryptocurrencies. It is developing a legal framework that will govern transactions using digital currencies like Bitcoin, RT reports.

Russian Finance Minister Anton Siluanov conveyed this at a recent financial forum in Moscow. He assured Russian users of Bitcoin and other cryptocurrencies that the government will not outlaw nor penalize people who use cryptocurrencies.

It is a complete turnaround from the Russian Ministry’s stance last year, emerging after President Vladimir Putin signified approval for digital currencies.
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