7625
Bitcoin Ban Bill Rejected
World Economy

Bitcoin Ban Bill Rejected

Russian Economic Development Ministry has rejected the Finance Ministry’s bill banning surrogate money, including bitcoins. In its comments, the Economic Development Ministry argues that the definition of surrogate money is too vague, Itar Tass reported. “Participants in public debate believe that the proposed definition, interpreted literally, would apply to any other cash equivalents, such as gift cards, retailers’ certificates and various bonuses used for promoting customer loyalty and attract clientele,” the ministry said. “The proposed measures of control will not resolve the identified tasks, but will merely create legal barriers in the way of economic entities’ marketing programs and business activity in general,” the ministry believes.

 

Short URL : http://goo.gl/DfXeka

You can also read ...

Innovation, Technology Should Boost Hong Kong Economy
Innovation and technology will become profitable in Hong Kong...
Annual expansion in the second quarter fell to 4.5%.
Malaysia cut its full-year growth forecast and reported much...
Government data shows the number of jobs created in July fell to the lowest levels in over eight years.
South Korea’s ranking officials revealed a disparity in their...
Canada Inflation Surges
Canada’s inflation rate surged to 3% in July, fueled by rising...
As technological progress makes people richer in terms of many basic goods and services, it may be inevitable  that more human activity is devoted to zero-sum competition for available income and assets.
Across the global economy, the potential for automation seems...
Trade War Won’t Dent China GDP
Analysts are trying urgently to evaluate the potential impact...
Italy to Launch New Infrastructure Plan
The government will launch a plan aimed at making Italy’s...
Amazon to Challenge TiVo With Live TV Recorder
Amazon.com Inc. is developing a new device that records live...

Trending

Googleplus