Russian finance ministry, central bank weigh crypto trading pilot for top-tier investors
https://crypto.news/russian-finance-ministry-central-bank-weigh-crypto-trading-pilot-for-top-tier-investors/What kind of news is this?
From the news only top-tier investors, with a $250,000 minimum asset holding will be allowed. It is also an experiment which may not take more than 5 years.
Ministry of Finance and the Bank of Russia are negotiating about it.
When Russians are busy trading cryptocurrencies. This could only mean they have been missing the tax they supposed to have earned. I hope they will begin the experiment and see how positive it will become.
Why is this kind of decision coming from the government? Why are they being selective in using such criteria on this, am sure this is not a deal that is going to stay long because those they have targeted this for will eventually see no benefits from it than their regulations.
Also from other end of this, we should see it as a way of continuity for the adoption of bitcoin and it recognition by the governments, this time, they are only implementing on this in favour of the big holders, what about the consideration for the other people.