Following a few months of conflicting statements, recent reports from the Kremlin indicate that Russian President Vladimir Putin has made a decision on digital currencies. He has ordered his government to create laws meant to clearly govern the status of Bitcoin and other digital currencies, but also to thoroughly regulate initial coin offerings, mining, and other aspects of cryptocurrency by summer 2018. Decisions, Decisions While there have been several hints that Russia was considering cracking down on digital currencies, members of the community have hoped otherwise. According to Russia Today, Putin’s proposed laws will see miners of virtual currencies registering with the government and
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