Daily Crypto NewsEDITION #404, 09 February 2022

Russia: No Vodka, BTC only

Hey Moni Maker 🚜

Today the whole world celebrates Dentist Day. Teeth are essential; sometimes you don't care about them, and then six months later, your dentist buys himself a new house. Do you understand the parallel? In short, you need teeth to chew the granite of cryptocurrency science and not to spend money on dentists, saving money to buy new shitcoins. 

Let's go gnaw!

Russian newspaper Kommersant reported this morning, and later tweeted, that the government and the Bank of Russia have reached an agreement on how to regulate cryptocurrencies. They are now preparing a draft law, expected by February 18, which will define crypto as an “analogue of currencies” rather than as digital financial assets.

The report further stated that it will only be possible to use crypto “in the legal sector” with full identification, through the banking system, or via licensed intermediaries.

Sorce

Press: Alibaba made the NFT. BAYC showed their faces. Interesting NFT collections. Digest is an aesthete! 

Read the digest! 

So, officials have done the math and realised that the Russian government would make up to 1 trillion rubles ($13 billion) annually if it imposed a tax on crypto. 

Exciting news, especially against the background of the recent statement by the Central Bank of Russia that all those coins and blockchains should be banned. 

Taxes are better than a ban? 

Roadmap is a simple graphical overview of the project goals, which are placed on the timeline.

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And you...buy Bitcoin! (it's a good time!)