Russia Will Legalize Bitcoin in 2016?

The Deputy Chairman of the Russian State Duma Committee ( the lower house of the Russian legislature) spoke about cryptocurrencies today.

Andrei Lugovoi, the Deputy Chairman of the Russian State Duma Committee for Security and Anti-Corruption claimed that Russia ranked 5-th in the world for the number of people trading and using cryptocurrencies.

The Deputy Chairman then revealed recent events in 2016, that could lead to a promising future for bitcoin in Russia. He added:

In the beginning of 2016, after a series of meetings with the fiscal authorities and businesses, it was stated that in the future, the Central Bank could begin to legalize and regulate certain transactions with Bitcoin, particularly peer-to-peer transactions and settlements with individuals.

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