Is 2016 the Year Russia Legalizes Bitcoin?

Is 2016 the Year Russia Legalizes Bitcoin?

The Deputy Chairman of the Russian State Duma Committee — the lower house of the Russian legislature — spoke about cryptocurrencies today. The deputy had a few interesting things to say about Russia’s hardline stance on cryptocurrencies in the past and possible future of the legality of Bitcoin in Russia, particularly for settlement with individuals and peer-to-peer transactions.

According to a report by prominent Russian news agency TASS, the deputy chairman spoke broadly about cryptocurrencies and Bitcoin today.

Wikimedia/P. Fedynsky Bitcoin

Andrei Lugovoi

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

Citing expert estimates, Russia has approximately 200,000 users adopting Bitcoin and other cryptocurrencies. The United States ranked first, with 1.2 million users, followed by China at 355,000 users. Germany came in next, at 250,000 users, Lugovoi revealed.

He made the distinction amongst the naysayers and supporters of cryptocurrencies within Russia, picking

Read more ... source: TheBitcoinNews

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