Published: Thu, October 12, 2017
Global | By Shelia Dennis

Russian leader Putin gets another puppy as gift

Russian leader Putin gets another puppy as gift

According to him, many countries are searching for ways to regulate cryptocurrencies and just beginning to create necessary legislation and regulatory framework.

Russian President Vladimir Putin on Wednesday added a puppy to the litter of canine companions he's received as gifts.

Finance Minister Anton Siluanov said earlier that the bill regulating the turnover of cryptocurrencies in Russian Federation will be ready by the end of the year. "We said that restrictions are needed on purchases and sales, accounts, miners' taxation and so on", he said when asked about the results of the meeting held on Tuesday and attended by Presidential Aide Andrey Belousov, Finance Minister Anton Siluanov, the Central Bank Chief Elvira Nabiullina, and Qiwi Director General Sergei Solonin.

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Putin cuddled Verny, which is Russian for "loyal", and kissed the pup on the head during a meeting in the Russian Black Sea resort of Sochi. "It's a serious issue that we need to keep in mind while discussing this topic", said Vladimir Putin.

"The president has spoken of the problems related to cryptocurrencies".

In Russia, the status of cryptocurrencies, including bitcoin, is not now regulated by law.

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"We need, based on global experience, to build a regulatory environment that will systematize relations in this area, to protect, of course, the interests of citizens, business, and the state, to provide legal guarantees for working with innovative financial instruments", he said.

The issuance and circulation of cryptocurrencies in Russian Federation should be controlled by the state, the relevant decision was made at a meeting with President Vladimir Putin on Tuesday, Finance Minister Anton Siluanov told reporters.

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