28
Thu, Mar
51 New Articles

Ilyashev & Partners Starts Accepting Bitcoin Payments

Ilyashev & Partners Starts Accepting Bitcoin Payments

News
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Ilyashev & Partners is announcing that it has started accepting payments in Bitcoin for its professional services.

According to Mikhail Ilyashev, the Managing Partner of Ilyashev & Partners, "the State Fiscal Service insists that cryptocurrency Bitcoin may not be considered as payment means. At the same time such position is not supported by any regulatory framework. We believe that the operations with Bitcoins do not contradict the law, and started accepting them. Bitcoin has already undertaken an important role in international business and global economy, and we have to contend with the realities of business world. Digital currencies are already here, and our clients expect us to be flexible with Bitcoin transactions; and any attempts of fiscal authorities to assume the powers of Verkhovna Rada are destined to fail. Unless the legislative body bans the use of cryptocurrencies, which is unlikely to happen, we will continue working with them."

In addition, according to Ilyashev, “in Estonia, where we have been working since 2016, Bitcoin has already been acknowledged as digital currency – an alternative means of payment. In addition, Estonia is going to launch its own national cryptocurrency Estcoin secured by the state guarantees that will function along with Euro."

According to a statement on the Ilyashev & Partners website, the firm "does not see any legal obstacles to accepting Bitcoin payments and embraces the intent of the Financial Stability Board to designate the status of cryptocurrencies in Ukraine."joint venture, drafting and negotiation of all joint venture documentation between Rosgosstrakh and its Chinese partners, and advising on relevant Chinese insurance regulatory, licensing, and corporate requirements.