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Russia legalizes, France simplifies, news from Bitmain

11/08/2018
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  • France_cryptocurrency
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In Russia, they allowed the creation of a cryptoruble, in France, they lower the income tax on cryptocurrencies. The company Bitmain produces a line of ASICs with a 7 nm process technology.

Russia can create a stablecoin based on the ruble

The chairman of the Duma Committee on Financial Markets suggested that a cryptoruble will be created in Russia. In an interview, Anatoly Aksakov said that blockchain will soon occupy an important place in the national economy. And then the ruble will be able to go into digital space.

However, it is too early to say that this will come in the coming months. The parliamentarians so far only promise to adopt a package of laws regulating the circulation of cryptocurrencies by the end of 2018. First of all, it will be sent to the legalization of ICO. It is expected that after its adoption the terms “blockchain” and “token” will receive their definition in the legal field. For now, cryptocurrency trading and mining are out of the law.

Russia can create a steyblecoin

France will reduce the tax on operations with cryptocurrencies

At the moment, the French pay 36.2% of the profits for the sale of cryptocurrency. This increased tax was introduced in a period of rapid growth in the price of Bitcoin. The Finance Commission of the lower house of parliament supported the idea of reducing the payment to 30%.

Starting from 2019, this figure will be spelled out in the French budget. The 30% rate is the base rate for capital gains transactions. In September, the country approved a draft law that introduces the rules for the initial placement and sale of tokens. Although raising funds under state control will complicate the procedure, investors will receive additional guarantees of protection against fraudulent activities.

More about tax on crypto in France read here

France will reduce the tax on operations with cryptocurrencies

Bitmain released new ASIC miner

Bitmain is a leader in the manufacture of ASICs. From November 8, revolutionary Antminer S15 and T15 devices with a 7 nm chip will be on sale. All in all, more than a billion transistors are combined in it, which makes the new product a leader in performance.

However, the technical characteristics of Antminer are not reported yet. It is known only that they will work on the basis of the SHA256 algorithm. The manufacturer promises record figures in terms of the ratio of performance and power consumption. The fact that the device is based on the 7 nm chip allows no doubt in this statement

Bitmain released new ASIC miner

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