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In Russia, the “supervised legalization” of cryptocurrencies



will most likely be adopted

Judging by the information of people directly related to the development of Russian cryptocurrency legislation, the authorities are inclined to follow the path of “supervised legalization” of crypto assets .

Recall that in early August, Russian Prime Minister Dmitry Medvedev instructed the Ministry of Finance and the State Duma to adopt a bill on digital financial assets by November 1 of this year.

Earlier, President Putin had already set the deadline for the adoption of regulatory standards – until July 1 of this year – however, the State Duma was not able to adopt regulatory acts before the end of the spring session. Apparently, for this reason, such a deadline was established, because the government, parliament and central bank have been busy with this issue for about five years.

The lack of a legislative framework has led to uncertainties in relations between the state and the cryptocurrency market, especially since over the past five years, legislators, financiers, and officials have made strikingly different statements on cryptocurrencies.

The most radical position is taken by the head of the Bank of Russia Elvira Nabiullina, who actually called cryptocurrencies “money surrogates”. Moreover, the position of Nabiullina has been publicly supported by President Putin several times. However, representatives of other government agencies, as a rule, were not so categorical in their assessments.

So, at the beginning of the year, Prime Minister Medvedev from the rostrum of the Gaidar Forum called for “not to rush to bury cryptocurrencies in connection with the depreciation”. By the way, he turned out to be right – later the course began to grow. The same Putin, although he supported Nabiullina, in 2017 called "not to block unnecessary barriers" (in this area).

At the moment, we have a full-fledged document – a draft of the bill. According to the head of the Duma committee on financial markets, Anatoly Aksakov, the document is almost agreed. Only the status of cryptocurrencies in Russia remains unresolved in it. The government is currently considering three regulatory options:

  • unconditional legalization of cryptocurrency circulation in Russia;
  • a ban on working in an infrastructure with an open blockchain;
  • Legalization of cryptocurrencies and digital money under the supervision of the Bank of Russia.

Theoretically, any of the three options can be implemented, and the first – unconditional legalization – is undoubtedly preferable for the crypto community. Clear advantages in this scenario will be the development of the mining industry and the attraction of large domestic and foreign investments in regions with cheap electricity. However, this scenario completely deprives regulators of leverage.

In addition, critics say, the potential disadvantages of full legalization are wide opportunities for scammers, cybercriminals, drug dealers, pornography makers, corrupt officials, and tax evaders.

Legalization is also fraught with a significant increase in the volume of the shadow economy, which is associated with the high anonymity of most cryptocurrencies. It can be argued that the use of cryptocurrency financial instruments by criminals has nothing to do with legalization and or prohibitions. Terrorists, drug dealers and pornographers can continue to use crypto assets for criminal purposes and in the event of a ban.

The main and insurmountable obstacle to full legalization is the Russian legislation, according to which, the only legal tender in the country is the Russian ruble. Therefore, hoping for an unconditional resolution of the cryptocurrency turnover is most likely not worth it.

The second regulatory scenario is a ban on working with currencies on the open blockchain . Such a ban does not solve the problems with criminalizing the market, since it is possible to legally ban the use of such assets, but in fact it is impossible. For the shadow business, nothing will be changed during the ban, but law-abiding market participants will suffer: miners, investors, and traders.

In addition, the ban on working with the open blockchain will bury potential investments that may benefit many of the northern and north-eastern regions of the Russian Federation. For many enterprises in regions with cheap electricity that have been idle since the collapse of the USSR, the creation of industrial mining zones and mining hotels would be a boon. The ban will deprive them of these opportunities.

The third scenario is supervised legalization. The most logical step seems to be just the legalization of cryptocurrencies under the supervision of the Bank of Russia. The fact that parliamentarians and government officials plan to apply controlled, controlled legalization is hinted at by the information shared with journalists by the head of the State Duma's working group on cryptocurrency risk assessment Elina Sidorenko and the head of the department of planning and coordination of scientific activities of the Krasnodar University of the Ministry of Internal Affairs of Russia, Ph.D. Zarina Khisamova.

According to them, the document preparing for adoption takes into account the global practice of regulating digital assets, that is, it implies supervised legalization.

In a scenario with a controlled cryptocurrency market, the Bank of Russia will play a key role in regulatory matters. In this case, business – mining, trading and investment – can be carried out using legal trading and mining platforms created either by the Bank of Russia itself or with its participation. Thus, the state will become one of the beneficiaries of operations with cryptocurrencies. The advantages of the legal status of cryptocurrencies will be preserved, and the risk of losing control over them will be minimized.

At the same time, it is still unclear how the regulator intends to control blockchain transactions , mining, and also identify users. The main problem will be the creation of control algorithms and their technical implementation. The effectiveness of state regulation of the crypto market will depend on this.

Publication date 08/17/2019
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Binance Exchange added the ability to purchase cryptocurrency from Mastercard



This Friday Binance Exchange announced the addition of the possibility of buying cryptocurrencies using bank cards in the Mastercard system.

The service covers 19 countries, including Russia and Ukraine. There are no other CIS countries on the list yet.

To use the option, you must log in to your personal account at , go to the “Buy Cryptocurrencies” tab and select payment using a bank card. Bitcoin, Ethereum, XRP, Binance Coin, USDT and some other assets are available for direct purchases from Mastercard cards.

Previously, users already had the opportunity to buy cryptocurrency on Binance using Russian Visa cards.

Also this morning, Binance CEO Changpen Zhao hosted another live broadcast at Periscope. Zhao’s speech mainly covered the latest achievements of the exchange, including the launch of the Binance Card , mining pool , Binance KR, OTC portal, as well as cooperation with Brave and the acquisition of CoinMarketCap . In addition, Zhao recalled the need to maintain social distance.

“We have completed the initial development of platforms, and now I think it is important for us to support mining , since bitcoin mining is now centralized. We want more players to take part in it, as well as support existing players, ” he said.

In addition, on his Twitter, Zhao shared a screenshot testifying to the preparation of the exchange for the launch of option trading.

He left no comments on this subject. In the main Twitter account of Binance, a list of tasks for testers that was “publicly available” was posted. Among other things, it includes the item “test option trading”.

Publication date 04/04/2020
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TRON (TRX) cryptocurrency review – forecasts and prospects, current rate



5/5 (1 vote)

Cryptocurrency TRON (TRX) is a decentralized protocol based on blockchain technology designed to create a global entertainment network with free content.

In simple terms, TRON is a service similar to all well-known social networks and platforms where users have the opportunity to publish, view and use any available content for entertainment, for example, online games.

The TRON project is currently developing the idea of joint consumption, which is that on a single global platform, users will be able to share entertainment content.

Official TRON cryptocurrency website:

Analysts call this platform the broadcast of the modern entertainment industry. In general, the functioning of this system is as follows:

  1. The author or copyright holder publishes the result of his intellectual work on the official website. You can download anything from literary novels to an author’s song or art on a specific topic. Next, the participant uploads information about how his creation can be used (as an accompaniment to another work or as an independent product). Nearby, he indicates the price of his work.
  2. Another user who is interested in this work acquires it for the local currency Tron (TRX). However, users should remember that it is impossible to purchase this or that product on this resource using fiat money (dollar, euro, rubles, etc.). The system has its own cryptocurrency , which must be purchased at exchangers or exchanges in order to complete a transaction.
  3. As soon as the interested user has acquired the result of intellectual work, the amount indicated by him is transferred to the author’s account. The author can use the tokens at his discretion – purchase a work from another author, simply save money in his account, or exchange it for another cryptocurrency or fiat funds.

About what TRX is, initially interested in all users who are just starting their activities on the site. This resource uses several types of tokens for different purposes:

  • Tron (TRX) . This is the main currency of the system. For this currency you can buy or sell the results of your intellectual work. If necessary, the owner of a certain amount in this currency can exchange it for fiat money or other cryptocurrency.
  • Tron Power It is impossible to purchase or exchange other money for a given currency. The only way to get them is to secure the TRX currency on the site platform. In this case, they are converted to TR. The presence of such tokens gives advantages to their owner. For example, the holder of a TR has the right to vote for one or another change in the system, or to oppose them.
  • TRON 20 . Coins owned by developers. With the help of them, they create new full-fledged blockchains with new tokens.

The TRON cryptocurrency issue is limited, 100 billion coins have been issued at present. However, it is worth considering another point – starting in 2018, tokens begin to be burned (they are meant to be forwarded to an address known only to developers). The last major burn was in June last year, but how often such procedures will be carried out is currently unknown.

project team

The team of this project has on its side professionals working in various fields. The founder of the platform and the creator of TRX Coin is Justin Sun , who also created a social network with an audience of 10 million people. In 2017, Forbes magazine included Justin on his list as one of the most successful entrepreneurs, who was not yet 30 years old.

The technical director of the project is Lucien Chen , who has extensive experience in working for large Internet companies. He is perfectly versed in blockchains and the principles of functioning of cryptocurrencies.

Deus Yu , responsible for quality control, has been working in the computer games industry for a long time. According to Justin Sun, the experience of Deus will come in handy a little later, when the platform gains even greater popularity.

Charles Zhang , an adviser who is well versed in a business not related to cryptocurrencies and blockchains. He has repeatedly lectured on the basics of entrepreneurship, with which he was invited to many universities. Charles made a huge contribution to the promotion of the platform at the initial stage.

Blockchain Browser

Block Explorer is a search tool that allows you to view the addresses of wallets involved in the system, blocks, as well as data of transactions completed or committed. It can be compared with standard browsers, with the help of which an ordinary user searches for the information he needs on the Internet.

For each cryptocurrency, a personal Block Explorer is created that shows the network status for a given period of time. For the Tron cryptocurrency, such a Block Explorer is called TRONSCAN , where users can get all the information they need ( ).

How to mine Tron?

The developers of the platform did not provide for mining the Tron cryptocurrency , since they had already created all the necessary coins. In addition, the creators talked about the scheme according to which their cryptocurrency will work:

  1. 40% of the total number of coins will go on sale to enable the project to develop further.
  2. 15% of the remaining amount is allocated for acquisition by investors. Investors are players who, after the main sale of coins, will be ready to purchase tokens further.
  3. The remaining funds are “frozen” and remain in the accounts of the company owners.

Justin Sun explained that perhaps mining will be provided in the future when the company gains the necessary popularity.

TRX Token Wallets

The user can choose one of two options for storing Tron coins (TRX):

  • Storage of tokens on the exchange;
  • Creating your own crypto wallet.

With proper use, wallets provide a higher level of security. All types of wallets for Tron (TRX) are described in detail in this review .

Buying and selling TRX coins

You can buy a Tron on popular crypto exchanges , we recommend that you use the first 15 exchanges, and do not forget to install additional account protection. On the selected exchange, you must go through the registration procedure, after which you will be given a personal wallet, as well as its address.

The most popular and safe exchangers where you can buy and sell Tron:

The exchange rate of the Tron cryptocurrency against the ruble as of October 28, 2019 is 1.29 rubles per 1 coin. For a detailed analysis of the course and chart of coins, we recommend that you look at the Coinmarketcap website.

Development Perspectives and Company Roadmap

A distinctive feature of the project is its roadmap, which is scheduled until 2027. It is divided into several stages:

  1. Exodus It lasts from 2017 to 2018 and is considered officially completed. During this period, information about the project was actively disseminated, as well as developers were engaged in improving tools for using the site.
  2. Odyssey . Accounted for 2019-2020. During this time, developers will pay special attention to the economic development of the platform.
  3. Great Voyage . Captures July 2020 and ends in July 2021. Implementation of a personal ICO system, and third-party developers will have the opportunity to launch their own ICOs.
  4. Apollo It lasts from March 2021 to March 2023. Creating a decentralized exchange platform.
  5. Star Trek . It begins in April 2023 and ends in September 2025. Creation of a decentralized platform for the development of any computer games.
  6. Eternity . It starts in September 2025 and ends in September 2027. Platform users will have the opportunity to create their own playgrounds.

The developers mentioned that if these plans are implemented, a new roadmap will be created in the future, which will begin in 2028.

When analyzing the active nodes of the Tron cryptocurrency, you can notice the scale of the development of the project, where the majority of servers are located in the USA, China and Germany.

The forecast for Tron cryptocurrency from leading analysts suggests that, taking into account the current features of the crypto asset, in the future the project can absorb the entertainment market. And this means that in 2020 the value of one coin is able to stand on one level with the dollar.

Main competitors Tron

The project has two main competitors – Qtum and Ethereum . Each competing company has its own advantages, for example, the first has a more advanced platform in terms of technology, and the second wins due to smart contracts and fame.

Analysts are confident that the Tron platform will still have to fight for its users, since the developers are aimed at a specific audience. However, the Throne does not have special advantages that would distinguish the project from its competitors, which could become a serious problem in the future.


Tronix cryptocurrency has good prospects for further development, since the project itself is one of the most ambitious among others. However, at present it is not in demand. Investing in such a project will bring quite large risks, however, long-term investments can bring the investor good profit.

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The largest exchange Binance has the opportunity to deposit / withdraw deposits in rubles



5/5 (1 vote)

The Binance cryptocurrency exchange this Wednesday activated the possibility of making deposits in Russian rubles.

According to the instructions provided on the website, deposit / withdrawal of funds is carried out through the AdvCash payment system , including using bank cards. The commission for the deposit in this case is 3%, for the withdrawal – 2.5% plus 50 rubles.

To deposit / withdraw assets in rubles, you need to go to the “Buy cryptocurrencies” tab in the upper control panel or select the “RUB” currency in the user's wallet, then indicate the desired direction of payment and other necessary data.

Trading pairs for exchanging the ruble for cryptocurrencies on the Binance platform have not yet been presented.

Earlier today, CoinDesk published excerpts from a conversation with Binance CEO Changpen Zhao during his visit to Moscow last week.

“We are always looking for partners in any community, especially in Russia. Russia is a key market for us, it is one of the most active markets in the global blockchain space, ” he said then.

Zhao also confirmed that Russia is included in the Venus project, in which Binance intends to launch several regional stablecoins.

“We are working with potential issuers of stablecoin tied to fiat currency. We do this in all jurisdictions, in Russia in particular, we are looking for partners, ” he added.

Last week, Binance listed its first cryptocurrency pairs on its main platform, starting with Nigerian naira. The exchange also supports fiat trading at selected sites in Uganda, Singapore, the United States and Jersey.

Publication date 10/30/2019
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