There are so many countries which have legalized crypto currency. I'm happy that Russia is becoming one of them. Foreign trading or offshores now gradually bring success to the economy of the country.
Topic: Investments, Offshores, Foreign Trade – Russia Planning for Crypto - page 2. (Read 220 times)
August 31, 2018, 07:29:30 AM
August 31, 2018, 01:16:06 AM
There seems a competition between nations to prosecuting cryptocurrency. Though it is still confusing for many nations to invest but staying away will also not help if others adopt the way so it will a drawback for them. Many nations have taken steps, among them Singapore, Hong Kong, Estonia and Switzerland is notable they becoming crypto powerhouse.
August 28, 2018, 09:06:04 AM
Seems to be happening in other countries as well, Iran has recently shown interest in crypto to bypass sanctions.
https://www.coinstaker.com/irans-clever-use-cryptos-bypass-sanctions/
This news piece (similar news piece) was published on forbes as well so it shows that they have gained internationally recognition on their intentions. Now whether or not these countries will be successful in using crypto to get around sanctions is another story. History shows though that public blockchains can easily be analyzed and used against people, what's interesting about the article you posted is that they are trying to use an "encrypted schema".
The article goes on to recognize Iran and Venezuela as well like I said, but what about this encrypted schema for investors, could countries soon start adopting privacy coins like Monero or Zcash for investment? Time will tell.
https://www.coinstaker.com/irans-clever-use-cryptos-bypass-sanctions/
This news piece (similar news piece) was published on forbes as well so it shows that they have gained internationally recognition on their intentions. Now whether or not these countries will be successful in using crypto to get around sanctions is another story. History shows though that public blockchains can easily be analyzed and used against people, what's interesting about the article you posted is that they are trying to use an "encrypted schema".
The article goes on to recognize Iran and Venezuela as well like I said, but what about this encrypted schema for investors, could countries soon start adopting privacy coins like Monero or Zcash for investment? Time will tell.
August 28, 2018, 01:47:52 AM
With regulations on the horizon, high-ranking officials in Russia have come up with ideas on how to harness cryptocurrencies when, hopefully, they are finally legalized. The need of finding ways to circumvent sanctions on several fronts seems to be the main incentive for the ingenuity in the corridors of power in Moscow.
https://news.bitcoin.com/investments-offshores-foreign-trade-russia-planning-for-crypto/
https://news.bitcoin.com/investments-offshores-foreign-trade-russia-planning-for-crypto/
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