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Russia May be Putting More Legislative Measures on Cryptocurrency

Russia has recently released plans to introduce several bills for consideration to the national legislature regarding cryptocurrency. A meeting happening towards the end of December may be a large determinant for the future of digital currency in the country. Several media sources within the country have cited comments from the lawmaker, Anatoly Aksakov. Aksakov is one of the chairs for the State Duma’s financial market committee, which puts legislation for several economic policies. The market committee may be the one to create the actual legislation for cryptocurrency and the exchange of such within the country. “I expect that the adoption of the draft law on [cryptocurrencies] will be in March…

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How Goldman is Entering the Cryptocurrency Market

One of the largest firms on Wall Street may be entering the cryptocurrency market in the not too distant future. Goldman Sachs Group Inc., is widely regarded as one of the largest firms on Wall Street, and the group recently started a trading deal that will deal with cryptocurrency markets such as bitcoin. The bank has the goal of getting this project on the move as soon as June of 2018, if not earlier.

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Founder of Litecoin no Longer Has Litecoin

The founder of Litecoin, Charlie Lee, has publicly stated that all of his holdings in the cryptocurrency world are being given to charity. In a recent post, Lee, creator of a cryptocurrency with one of the largest market capitalizations of any cryptocurrency in the space, stated that he sold and donated his holdings in the currency. He stated that “for the first time in over six years, I no longer own a single LTC that’s not stored in a physical Litecoin.” He stated that his decision is partly due to a conflict of interest arising from public statements about the price movement for the currency.

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