Category Archives: digital rights

Auto Added by WPeMatico

Germany Looks to Pass New Blockchain Bond Regulation by Summer

Germany Looks to Pass New Blockchain Regulation by Summer

Germany plans to instate new blockchain regulation before the parliament’s summer recess, focusing on what is being called a ”digital value right”.

Such a digital value right would allow bonds, such as bearer bonds that are traditionally paper-backed, to be issued as virtual tokens on a blockchain. The process could take place through a similar scenario as the following: a real estate developer could offer investors tokens in exchange for their fiat capital, with bond buyers purchasing these digital rights which would offer them annual interest payments.

Thomas Heilmann, the ruling coalition government’s dedicated blockchain correspondent, has said it is ”of paramount importance that we bring blockchain technology forward for Germany, specifically in 2019″.

It has been reported that the proposed blockchain legislation has been gaining mainstream momentum and support, despite the German government’s established conservative approach towards Bitcoin and altcoins. Now it appears the parliament’s stance is beginning to shift in favor of evolving industry trends.

Opposition political party in Germany, the Free Democratic Party (FDP), fully supports the proposal and have pushed for it to be passed as quickly as possible.

“The federal government has finally woken up,” said Frank Schäffler, FDP’s blockchain expert, ”after the bond, the stock must also come to blockchain. Other countries are already ahead.”


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Germany Looks to Pass New Blockchain Bond Regulation by Summer appeared first on

Russia Will Keep Crypto Legal, Renaming Them ‘Digital Rights’

The head of State Duma Financial Market Committee for the Russian government, Anatoly Aksakov, has confirmed that drafts of legislation are being prepared to regulate cryptocurrency activity in Russia. Cryptocurrency will remain legal in Russia, but will be renamed ‘Digital Rights’. The legislation could be passed and adopted by the Russian Duma on 29 July 2018.

All references to cryptocurrency, digital money, and digital currency will disappear from Russian lawbooks, and be replaced with the new term. Cryptocurrencies are going to be considered rights instead of assets. Therefore, cryptocurrencies won’t be considered typical property, but instead as a new category of property.

Russian tax laws will have to be modified to take into account that cryptocurrencies are no longer an asset. It is likely that cryptocurrency tax laws in Russia will be entirely rewritten.

Additionally, Aksakov says initial coin offerings (ICOs) will be legal but regulated. ICO tokens will be considered securities and regulated as such. Further, the Central Bank of Russia will determine if ICO tokens can be used as a payment method or if they are too risky on a case by case basis.

The Russian legislation on cryptocurrencies is being developed and implemented to reduce risk associated with the previously unregulated nature of cryptocurrencies, which has resulted in fraud. These changes being discussed by Aksakov are not official yet and still will have to go through debate and voting in the Duma.

Russian Prime Minister Dmitry Medvedev has said that regulating everything in the digital world is counterproductive, instead regulations need to be flexible and not inhibit cryptocurrency development. The primary goals of regulation would be to start obtaining taxes from cryptocurrency activity and to prevent crime. He says any ban on cryptocurrency would be unrealistic and unenforceable.

It is positive news for the cryptocurrency world that Russia will be writing a legal code for cryptocurrency and allowing its use, rather than banning it like neighboring China did.


Follow on Twitter at

Telegram Alerts from at

The post Russia Will Keep Crypto Legal, Renaming Them ‘Digital Rights’ appeared first on