Alexander Sotnikov, the head of the Payment Systems and Digital Technologies Department of the National Bank of Belarus, said that the country is not likely to turn down the distributed ledger technology.
According to Alexey Moiseev, Russian Deputy Minister of Finance, the draft law on cryptocurrency ban will be updated but the Ministry is keen to stop the circulation of cryptocurrencies in Russia.
Members of the European Parliament have voted to abstain from developing new regulative measures for blockchain systems, aiming to prompt innovation.
Russian Ministry of Justice has not approved a draft bill criminalising cryptocurrencies despite the pressure from the Finance Ministry. Yet, the document will be submitted to the government for evaluation.
According to yet unconfirmed media reports, the Interior Ministry and the Ministry of Justice may disapprove the bitcoin ban bill proposed by MinFin because they consider cryptocurrencies not dangerous.
The US Office of the Comptroller of the Currency is going to release a whitepaper this week calling upon regulatory bodies to come together to work out clear guidelines for fintech startups and products related to cryptocurrencies and bitcoin in particular.
Deputy Minister of Finance confirms that the draft law criminalising circulation of bitcoin in Russia will be passed to the State Duma during the current session. This sets the deadline as 6 August.
Authorities will seek to introduce legislation on digital currencies in 2016 and address the problem of its double taxation by exempting bitcoin from GST.