Putin got a new puppy on his 65th birthday

"And today I brought this little alabai with me", President Kurbanguly Berdymukhamedov said before talks with Putin, pulling the pup out from a portable cage and holding it up by the scruff of its neck.

The Russian government has chose to officially regulate the mining and circulation of cryptocurrencies.

According to Putin, the risks include fraud schemes that prey on ordinary citizens.

The Prosecutor General's Office said it considers cryptocurrencies as money surrogates, the issue, and turnover of which in Russian Federation is a criminal offense.

Central Asian shepherd dogs can grow to 50kg
Central Asian shepherd dogs can grow to 50kgMAXIM SHEMETOV EPA

"In the event of a system failure or the inflation of "bubbles", as they say now, there will be no legally responsible entity available. The state should take control over it", the minister said.

The Russian President gets a loyal companion at a summit in Sochi - at least the third time he has been given a dog.

"We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulation", said Finance Minister Anton Siluanov on Wednesday. He noted that it is necessary to institute the circulation of cryptocurrencies in Russian Federation and at the same time not to create unnecessary barriers. "You know that this subject has been on the agenda lately, and many countries already use crypto-currency as a financial tool, but no one knows yet how to regulate this means of payment and means of investment yet", he said.

Vanessa Coleman

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