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Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)

Crypto Technicals: XRP/USD capped below 5-DMA, on track to test trendline support at 0.1995

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Crypto Technicals: BCH/USD edges higher from session lows at 203, bias remains bearish

Crypto Technicals: ETH/USD hovers around 78.6% Fib (141.35), further weakness on charts

Crypto Technicals: LTC/USD trades with bearish bias, breach at trendline support (42.50) will see drag till 88.6% Fib (36.29)

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Digital Currency Revolution

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Russia’s Finance Ministry readies draft law on bitcoin regulation

Tuesday, December 26, 2017 11:50 AM UTC

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The Russian Ministry of Finance has prepared a draft law on regulation of cryptocurrencies such as bitcoin, TASS reported.

Finance Minister Anton Siluanov made the announcement in an interview with Rossiya 24 TV channel, saying:

"The Ministry of Finance has prepared a draft law, currently under consideration, which will determine the procedure for issuing, taxing, buying and circulation of cryptocurrency.”

This follows the instructions from the Russian President Vladimir Putin to the government and the central bank to work on the legislative regulation of cryptocurrencies, mining and initial coin offering (ICO) by July 2018.

By Shampa Mani

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