Law

That Ministry of Communications and Mass Media of the Russian Federation has put the idea of establishing a cryptocurrency exchange in the country out for consideration. The draft law will enable the government to declare and tax income of those who performed a cryptocurrency exchange.

The President of Uzbekistan, Shavkat Mirziyoyev, agreed to approve the creation of a competence center for distributed ledger technologies and Blockchain at the fintech Mirzo Ulugbek Innovation Center. A draft law, regulating e-currency in legal terms, should be ready till September 1st.

Edmon Marukyan, an Armenian lawyer and member of the National Assembly, plans to pass a law that legalizes cryptocurrency mining in the region. Miners will obtain the privilege of tax exemptions and other stimuli. If the legislative proposal is passed, it will enable business enterprises to mine cryptocurrency on the financial market without any restrictions.

Austrian law officers have asked Interpol for help in tracking down the perpetrators of a Bitcoin scam that happened last year. The notorious scam dubbed “Optioment” has allegedly damaged over ten thousand cryptocurrency investors in the country and across Europe and stolen as many as 12,000 Bitcoins.

The Head of the Chechen Republic and a former member of the Chechen independence movement, Ramzan Kadyrov, has announced on Twitter his intention to buy a share of Bitcoin. He has not mentioned the amount of investment but he did admit that the money could be lost.

Google was asked to prohibit all ads for binary options, cryptocurrencies and initial coin offerings by Canadian and US law enforcement. As Facebook announced their banning of all advertisements concerning crypto trading last week, Google is expected to follow Facebook’s example.

The deputy of State Duma from the Communist Party of the Russian Federation, Rizvan Kurbanov, has submitted a draft of a bill to the government that would fix a new crypto token called "CryptoRuble" as an official means of payment in Russia.

The crypto community will soon be able to access legal services on the world’s first decentralized legal marketplace, utilizing a tokenized system to seek out and engage top global law firms with specialized expertise in cryptocurrency and blockchain technology.

Representatives of Burger King fast food restaurants, who have recently announced the launch of a new cryptocurrency “Whoppercoin”, have been called in to the prosecutor's office in Moscow to explain the nature of their digital currency and how it works.