The best way to understand what
potential cryptocurrency legislation could look like and how it could affect the cryptocurrency market is to take a look at past attempts at regulation.
Even if China's ICO ban is simply a short - term measure it still represents one of the most aggressive examples
of cryptocurrency legislation today.
Amidst Russian Orthodox Bishop Hilarion's controversial views on cryptocurrency and President Vladimir Putin emphasizing blockchain's importance in the country, Russia plans to
finalize cryptocurrency legislation by Jul. 1, 2018.
According to Nikita Kulikov, executive director of the Moscow law firm HEADS Consulting, the court could not have reached any other ruling,
as cryptocurrency legislation is not firmly established in Russia at the moment.
It seems that
Cryptocurrency legislation is all but inevitable.
Cryptocurrency legislation will remain an important part of the market for the foreseeable future.
Cryptocurrency legislation is being drawn up, which will legitimize cryptocurrency exchanges as financial service providers, foreigners and underaged investors will be barred from trading on South Korean exchanges.