"Russian president Vladimir Putin believes that legislation laying out rules for the countrys cryptocurrency sector will be needed in the future.""This is the prerogative of the central bank at present and the central bank has sufficient authority so far. However, in broad terms, legislative regulation will be definitely required in future, he said.
Will crypto oversight legislation be needed in every country?
That is a compromise that I think we need to take just for us to ensure that whatever we would be doing there is a continuity of bitcoin and cruptocurrency for us. Having a legislation in place means that a country or government is acknolwedging cruptocurrency and having it regulated keans that there are safety nets for everyone of us that is dealing with bitcoin and making transactions on a daily basis with this cryptocurrency