Morgan Creek CEO Highlights One Of The
Biggest Barriers To Bitcoin
According to Morgan Creek CEO Mark Yusko, traditional institutions are trying in every possible way to slow down the adoption of bitcoin.
The businessman expressed his position on Twitter and noted that opposition from such institutions is one of the main problems for the largest digital currency and the blockchain industry as a whole.
Yusko is convinced that such a policy of regulators hinders the introduction of innovations. If there is a threat to the traditional financial sector, then officials are always ready to use and use all the tools at their disposal to slow down the introduction of new technologies, said the CEO of Morgan Creek.
Mark Yusko also touched on the topic of Bitcoin volatility. According to him, speculators influence the current price of the coin. However, in the long term, those who stake cryptocurrencies and not a speculative activity will still benefit.
The world is entering a qualitatively new system of financial relations. This is actually a paradigm shift, so investors who are inclined to long-term storage of bitcoin will emerge victorious from the confrontation with speculators, Yusko claims.
-In Russia, the law on taxation of cryptocurrencies has been approved
The Russian government has approved a bill regulating the taxation of cryptocurrencies. We are talking about this in the message of the press service of the office of ministers, the decision itself was adopted following the results of the meeting on November 26"To approve the draft of the federal law" On the introduction of changes in the first and second part of the Russian Federation's tax code "and to introduce it into the State Duma
During the previous meeting, Prime Minister Mikhail Mishustin announced that digital financial assets will be recognized by the property, and their owners will be able to take advantage of the benefits.
Mishustin noted that cryptocurrencies are a relatively new tool, the interest of which is constantly growing. The government plans to direct the development of this market in a civilized country so that the owners of such assets could protect their rights and interests so that it was created
The Ministry of Finances of the Russian Federation has announced that it has developed a package of laws on