According to Minister of Communications and Mass Media Nikolai Nikiforov, Bitcoin is unlikely to be legalized in Russia. According to him, our legislation does not contain both the term "digital token" and the term "crypt-currency," and we should not mix in the legislation the traditional banking and currency regulation and terms from this area with the block, which is associated with the new technology of the Bitcoin. For that reason, he suggested that the term "digital token" should be used. "Bitcoins are a certain foreign project of application of Blockchain technology, Russian legislation will never consider Bitcoin as a certain legal essence in the jurisdiction of the Russian Federation, but the application of Blockchain technology, the use of various digital tokens, I think, is quite possible," said Nikolai Nikiforov on the sidelines of "Youth Forum". With the money will be the one who has time to merge the "bits". A...