The Ministry of Justice of the Russian Federation registered the Association Bitcoin Russia, the organization reported.
Russia became the 7th country in the world - after Switzerland, USA, Canada, Korea, Hong Kong and Japan - where such an organization operates.
Since the registration date - September 6 - more than 10 thousand applications for physical and legal applications for membership have been accepted. Each candidate undergoes mandatory verification (KYC).
The Association will interact with state authorities on the formation of legislative regulation of the crypto currency in Russia, including for the integration of institutional investors into the bitcoin industry. Also, the association intends to build a “common system of coordinates” between investors, traders, miners and other participants in the bitcoin community.