BREAKING NEWS

BREAKING NEWS

Russia's Aksakov: law on cryptocurrencies to limit investments in ICOs - RIA

Now Reading:

Russia's Aksakov: law on cryptocurrencies to limit investments in ICOs - RIA

Russia's Aksakov: law on cryptocurrencies to limit investments in ICOs - RIA
Text size Aa Aa

MOSCOW (Reuters) – Russia’s draft law on regulating cryptocurrencies envisages limits on investments in initial coin offerings (ICOs), RIA news agency cited the head of the Russian regional banking association, Anatoly Aksakov, as saying on Thursday.

Russian authorities had initially said all cryptocurrencies, such as bitcoins, were illegal. Later they decided to regulate the cryptocurrency market, promising to set out how this regulation will work by the end of the year.

(Reporting by Andrey Ostroukh; Editing by Vladimir Soldatkin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.