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Central Bank of Russia will impose restrictions on the purchase of cryptocurrency, comments State Duma

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The Central Bank of the Russian Federation expects to introduce a certain limit for citizens to purchase digital currencies.

It clarifies the agency RBC, referring to the Central Bank amendments to the draft law on cryptosphere, unqualified investors will have the opportunity to acquire cryptocurrency , but the regulator proposes to prohibit the purchase of tokens in excess of the established quota.

Anatoly Aksakov, who heads the State Duma Committee on the Financial Market, said that the regulator had already sent a proposal to introduce a limit on the purchase of cryptocurrency to parliament. In the near future, deputies of the lower chamber will discuss the feasibility of adopting these amendments.

It is worth noting that Russian President Vladimir Putin demanded that the parliament speed up work on adopting a law on regulating relations in the cryptocurrency industry. The State Duma deputies should accept this document until the beginning of July of this year.

In the near future, the regulator plans to agree with the parliament the maximum amount of coins that an unqualified investor can acquire. It is quite possible that the Russians will be able to spend no more than 600 thousand rubles annually for the purchase of tokens, this is exactly the amount that is spelled out in the crowdfunding bill.

When forming the limit, the regulator will be guided by such criteria as – the amount of fiat money spent on the purchase of cryptocurrency and the total value of digital assets transferred to the platform.

In the State Duma explained what the limit on the purchase of cryptocurrency means

Anatoly Aksakov commented on this initiative. According to him, restrictions on the purchase of cryptoactive assets by Russians, who are not qualified investors, will affect only participation in the ICO. In an interview with TASS, the head of the State Duma Financial Market Committee said:

“In fact, there was some kind of misinterpretation. I meant that there may be restrictions on investing in projects that are hosted through investment platforms, including the use of blockchain technology . The point was to protect our unqualified investors from investing in risky projects, because the investment platform will use a more liberal mode of placing financial assets than, for example, the stock exchange. ”

However, the deputy did not rule out that restrictions in the future could also affect cryptocurrency, but so far “such approaches”, he said, are not being worked out. Aksakov explained:

“Cryptocurrencies, if we mean, for example, Bitcoin, here we are at the initial stage of regulating the issue. The law “On digital financial assets” will be the starting point, but so far we have not approached the approaches to regulating this topic. ”

Today, in an interview with Izvestia journalists, Murad Salikhov, Advisor to the Board of the Financial Innovations Association, stated that the Central Bank’s attempts to limit cryptocurrency purchases by unqualified investors are aimed at “suspending financial transactions that are conducted without government control through a system in which there were no clear boundaries and rules. ”

“The top line of the volume of cryptoactive assets for unqualified investors will be 600 thousand rubles. This and other measures that are currently being taken in Russia in an attempt to control the blockchain and the systems associated with this technology are being introduced to regulate digital civil rights objects , ”said Salikhov.

According to him, we are talking about rights, since the concepts of “digital money” and “digital currency” will not exist in Russia in the near future. This will only complicate the process of legalizing the cryptocurrency industry in Russia, the financier noted. He explained:

“Now the cryptobranch and, accordingly, the turnover of funds within it are still semi-legal, therefore restrictions on purchases of cryptocurrency and approval of digital rights, which are now first read, are introduced solely to stabilize the situation and suspend the pace of financial transactions that are carried out without government control. a system that has not yet established clear boundaries and rules. ”

Today, Anatoly Aksakov, answering the questions of deputies in the State Duma, said:

“We do not introduce the concept of digital money into legislation and are not going to introduce it yet. We removed this concept in preparation for the second reading of the draft law “On digital financial assets”. There are fears that this electronic money may “erode” our monetary system, create a lot of problems, and, as we see, the situation in the cryptocurrency market is unwinding now not in favor of such currencies, the “hyip” is passing, and life shows that we really need to act carefully. We will continue to debate. Now the FATF Commission (the Financial Action Task Force on Money Laundering) is working in Russia, and in cooperation with the FATF Commission, we will propose a bill that will propose regulation of cryptocurrency, but what regulation it will be is not yet clear. ”

Publication date 13.03.2019
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OKEx is going to launch futures on Tron on May 20,

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OKEx Crypto Exchange announced the launch of futures contracts for Tron (TRX). A new financial product will appear on the trading platform already on May 20 at 10:00 Moscow time.

Justin Sun, CEO of the Tron Foundation, said that with the launch of the OKEx futures platform on the TRX, the number of transactions with a digital coin will reach 15 million per day. Note that on the eve of the network appeared information that the daily number of users of the platform of decentralized applications from Tron reached 100 thousand, exceeding the achievements of Ethereum and EOS.

The Tron project token currently occupies the 11th position in the cryptocurrency rating in terms of market capitalization. Recently, TRX was listed on the P2PB2B crypto exchange, and the number of smart contracts in the Tron-blockchain reached almost a thousand.

OKEx futures will be settled on a weekly, fortnightly, and quarterly basis. The maximum allowable shoulder size for this derivative is 20x. The new tool will combine data for the TRX / BTC pair, taking into account the performance of three crypto-exchanges – Binance, Huobi, OKEx.

TRX futures

By the way, this week the team Tron left Lucien Chen, technical director of the project. He explained his departure to the fact that TRX is no longer decentralized, now Chen is going to develop his own project, the Volume Network (VOL), which will strive to achieve the goals that were moved to the Tron Foundation.

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The Central Bank of Great Britain for the first time recognized the huge potential of Bitcoin

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For the first time, a representative of the Central Bank of Great Britain commented positively on cryptocurrency and Bitcoin , in particular.

For a long time, the British financial regulator spoke extremely negatively about Bitcoin and doubted its reliability as a form of capital preservation.

For example, at the end of April, the Deputy Head of the Office for Markets and Financial Affairs of the Central Bank of the Kingdom, Dave Ramsden, reaffirmed the negative attitude of the regulator to the cryptosphere.

However, this week, the chief economist of the British Central Bank Andrew Haldane, during his speech to the students for the first time, acknowledged not only reliability, but also the gigantic prospects of Bitcoin. In his opinion, the largest cryptocurrency will be able to completely replace cash in the next 20-30 years.

Haldane said that he was following the development of the cryptocurrency industry and was aware of the existence of thousands of coins. Nevertheless, despite the fact that for the first time one of the influential employees of the British Central Bank noted the growing value of Bitcoin, the position of the regulator’s management is unlikely to change anytime soon, analysts say.

But it is quite possible that, following the chief economist, many other senior officials of the Central Bank will reconsider their position, and this will create conditions for the British Bitcoin regulator to be fully recognized as a reliable payment instrument.

Publication date 19/05/2019
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OKEx Exchange will launch TRON

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures. TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC + 1). Details as follows: https: //t.co/344ykd3iGi – OKEx (@OKEx) 17 May 2019 p. The new financial instrument will be available for trading on Monday, May 20. The following are the specifications of the TRON futures: […]

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cryptocurrency futures

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures.

The new financial instrument will be available for trading on Monday, May 20. The following are the TRON futures specifications:

Derivatives calculations will be made on a weekly, fortnightly and quarterly basis. The maximum possible shoulder size of this futures is 20x. The instrument will be based on data on the TRX / BTC currency pair from OKEx, Huobi and Binance exchanges.

OKEx also reported that more than 557 million OKB tokens were purchased and burned this week. Since the start of the program (May 4, 2019), more than 1 million native tokens of the exchange have been destroyed.

Recall the other day TRON support announced Opera browser.

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