The CoinGeek Pulse: Episode 7

This week saw Russia making moves to back digital currency, bringing further developments in the regulatory framework being created in the country.

Vladimir Putin signed a bill that gives digital currencies legal recognition in Russia for the first time, as a means of payment, savings and investment. However, the same bill prohibits the use of digital currency for paying for goods and services in the country.

At the same time, legislators brought forward a ban on anonymous payments to digital wallets, in a move expected to be a precursor for further restrictions on digital currency use. Digital wallets are already widely popular in Russia, with as many as 10 million users regularly anonymously depositing to wallet accounts. The new measures outlaw this anonymity, though the immediate effect for digital currency users remains uncertain.

The 17-year-old U.S. citizen accused of leading the celebrity Twitter hack in July has pleaded not guilty to some 30 felony charges, as bail is set for $725,000. Along with his two co-accused, Graham Ivan Clark of Tampa is facing up to 200 years in jail for the attack, which is thought to have raised over $117,000 in the first three hours.

The first speakers have been announced for the upcoming CoinGeek: Live conference, with economist George Gilder and Wall Street legend Thomas Lee set to headline the event. The event in New York will take place from September 30 to October 2, and will highlight the rapid growth of the Bitcoin SV ecosystem in recent months.

Bitcoin Association Founding President and event host Jimmy Nguyen said the event would bring together speakers from across different industries: “It’s exciting to see so many prominent figures from different industries and disciplines already confirmed to be taking part in our exciting new format for CoinGeek New York.”

Don’t forget to check out episode 2 of the CoinGeek Roundtable, available now, featuring Connor Murray from True Reviews, Jeff Chen from Maxthon browser, and Luke Rohenaz from TonicPow.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.