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Topic: [2014-07-01] Bank of Russia: Bitcoin Should Not Be Rejected (Read 1013 times)

legendary
Activity: 1202
Merit: 1015
russians have a little obsession with offshores.
hero member
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Maybe Russia is going to follow in China's footsteps: ban, no ban, ban no ban, ban ...

They will when the price is too high and some of the old guard still wants in.
legendary
Activity: 1568
Merit: 1001
Russia wants to weaken the dollar's dominance as the global currency. Bitcoin is a strong candidate.
That's likely to have something to do with the bigger picture here. But, I'm sure the authorities have been instructed by some of their wealthier and/or more knowledgeable people that they should open the gates so their buddies can get in on the bottom couple of floors.
hero member
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Russia wants to weaken the dollar's dominance as the global currency. Bitcoin is a strong candidate.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Maybe Russia is going to follow in China's footsteps: ban, no ban, ban no ban, ban ...

Please no that would be annoying as heck
China Ban oh Russian Ban Chinas Ok now Same with Russia and vice versa Smiley

That said it is interesting to see Russia deciding to consider the legality of Bitcoin as a payment system
Related to Qatar considering it as well it could well become the emergent payment system for oil and commodities to replace the US dollar since all countries can agree to trade with it due to the fact it is apolitical in the sense that no government organization controls its transfer.
legendary
Activity: 3766
Merit: 1217
Maybe Russia is going to follow in China's footsteps: ban, no ban, ban no ban, ban ...

Unlike China, Russia has never issued any directives banning banks or other institutions from dealing with Bitcoins. Hundreds of small scale Bitcoin-based businesses are operating out of Moscow and other major cities of Russia.
hero member
Activity: 546
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Maybe Russia is going to follow in China's footsteps: ban, no ban, ban no ban, ban ...
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
i knew it, things will change and bitcoin regulation is a competition in some way.
sr. member
Activity: 434
Merit: 250
http://www.coindesk.com/bank-of-russia-bitcoin-should-not-be-rejected/

Months after the Bank of Russia first broke its silence on bitcoin and digital currencies with stern warnings regarding their potential treatment under the law, regulators have released new statements that suggest the country is further softening its tone on the subject.
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