Is Russia is on the way to adopt cryptocurrencies?

TheLoser

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Quote from: Argoo on December 11, 2018, 05:55:32 PM

Quote from: QueenW on November 27, 2018, 07:00:26 PM

Russia has not legalized cryptocurrencies yet. but the government already wants to tax miners and also impose taxes on traders. Therefore, even if cryptocurrencies in Russia are allowed, it is only for people to pay taxes to the treasury.

Politicians and officials of the highest rank of Russia over the past few years have talked a lot about legalization of cryptocurrency, but their opinion was too controversial to create a general opinion about the prospect of its circulation in this state. Putin determined the deadline for the adoption of bills on cryptocurrency in July, then this deadline was postponed to October. However, the year is ending, and no laws have been passed. Or maybe they will eventually adopt a bill that has been under consideration in the State Duma for a very long time, establishing criminal responsibility for using cryptocurrency as a means of payment, since the Russian Constitution, in this state indicated that the only means of payment can only the ruble. So where is Russia going in relation to cryptocurrency?

The Russian government understands and is aware of all the risks and benefits of adopting cryptocurrency as a payment instrument . The decision to legalize cryptocurrency requires careful study and preparation , as the Russian economy is subject to strong fluctuations due to external factors . As they say in Russia: " Russian harness for a long time, but go fast."

Argoo

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Quote from: QueenW on November 27, 2018, 07:00:26 PM

Russia has not legalized cryptocurrencies yet. but the government already wants to tax miners and also impose taxes on traders. Therefore, even if cryptocurrencies in Russia are allowed, it is only for people to pay taxes to the treasury.

Politicians and officials of the highest rank of Russia over the past few years have talked a lot about legalization of cryptocurrency, but their opinion was too controversial to create a general opinion about the prospect of its circulation in this state. Putin determined the deadline for the adoption of bills on cryptocurrency in July, then this deadline was postponed to October. However, the year is ending, and no laws have been passed. Or maybe they will eventually adopt a bill that has been under consideration in the State Duma for a very long time, establishing criminal responsibility for using cryptocurrency as a means of payment, since the Russian Constitution, in this state indicated that the only means of payment can only the ruble. So where is Russia going in relation to cryptocurrency?

Cupomi

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Quote from: Snaic on April 10, 2018, 04:55:12 PM

I do not yet believe that under Putin's regime in Russia they will allow their citizens to freely use the crypto currency. Even Putin on this occasion expressed such contradictory views that his position regarding the crypto currency is difficult to understand. Until the appropriate law is passed in Russia, I will not believe it.

Russia still has not received crypto, but what happened on the ground does not seem to be a problem, because we can see many business people in Russia doing crypto trading, of course the government certainly knows something like this, it can be confirmed by Russia to study potential eyes crypto money is very large, so in the near future Russia will determine its position, which certainly can support the country's economy.

Kemarit

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Quote from: aryatrals on November 20, 2018, 09:43:15 PM

Quote from: Tigorss on April 09, 2018, 10:00:03 PM

~ snip ~

between big countries are experiencing a shift in competition in the payment system, especially currencies, the government is likely to want to start adopting blockchain technology that allows them to be free from the influence of the dollar, the world currency today, if they succeed in crypto then the state of world trade will be more stable because Americans cannot embargo world trade, the Russian government must have been aware of this.

First you need to separate the two: Blockchain and bitcoin. Its two entity so if Russian wanted to invest on Blockchain Technology it doesn't mean that they going to adopt crypto. But adopting Blockchain Technology doesn't mean that they will be free from USD influence in an event of trade embargo. So already have their Rubble, but as far as I know, we haven't heard any success about it. Actually, all crypto back by government hasn't been successful as well, just look at Venezuela's Petro, it didn't work and its a complete failure for Maduro's government.

Patient_Zero

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Quote from: CryptoBry on April 09, 2018, 08:09:11 AM

I am hoping that eventually Russia will be opening its doors to Bitcoin and cryptocurrency. Considering that there are now many Russians who are already into this new industry, let's cross our fingers that the government will consider this fact in formulating its final decision on this matter. Russia can be that big and important market that we should not lose.

the Russian government is certainly aware of the extraordinary potential of the bitcoin currency, but maybe they are weighing the disadvantages of the state legalizing and supporting bitcoin, but seeing the development of the big Russian businessmen have begun to be interested in this currency, the government should be willing to facilitate the user, because there are many benefits that the Russian government can get.

QueenW

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Russia has not legalized cryptocurrencies yet. but the government already wants to tax miners and also impose taxes on traders. Therefore, even if cryptocurrencies in Russia are allowed, it is only for people to pay taxes to the treasury.

aryatrals

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Quote from: Tigorss on April 09, 2018, 10:00:03 PM

yes it could be even mined bitcoin activity and digital currency in Russia has become a new trend. Mining miners are struggling to compete with major operations involving supercomputers, especially supercomputers from nuclear facilities. If this happens, it is likely that Russia will adopt Bitcoin.

between big countries are experiencing a shift in competition in the payment system, especially currencies, the government is likely to want to start adopting blockchain technology that allows them to be free from the influence of the dollar, the world currency today, if they succeed in crypto then the state of world trade will be more stable because Americans cannot embargo world trade, the Russian government must have been aware of this.

sambel90129

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Quote from: warrior333 on April 08, 2018, 10:32:25 AM

It seems to me that this news is directed only to the fact that Russian was not looking for opportunities to leave in the dark the Internet. Then from there do not get it. Putin will never allow Russians to use cryptocurrencies. This will weaken the ruble. Russia's economy may not stand it.

it seems that it can be reversed, if Russia supports crypto and starts socializing with entrepreneurs it seems there will be an increase in the Russian economy, Russian currency can collaborate with crypto, both of them can complement each other, if crypto can be an alternative payment other than the dollar, Russia can avoid threats inflation, so crypto can be a solution if the government wants to open up.

ningrumxxi

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Quote from: markflayer on April 06, 2018, 02:04:24 PM

A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.

The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.

Surely the Russian government is very aware of the currency revolution, so if you don't want to be left behind from western countries, Russia must follow the latest technology, bitcoin is the currency that will become the single currency in the future, so who can master or participate in it , then Russia can master world trade, I think many countries have realized this.

cetald

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Recently, several laws have been passed in Russia, which, on the one hand, are tightening the use of cryptocurrencies, and on the other hand, they have no effect on this, since it is very difficult to implement state control. But there are movements by the government. This is anyway a good signal.

1BTC EQUALS 1CAR

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I believe so because there are so many ICOs where the team are consists of Russian devs. They are in the same level of USA when it comes to supporting the blockchain. Putin also discussing the regulations and it might takes some time but I know that the decision will be in favor of it.

greeklogos

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Quote from: zahed on September 30, 2018, 12:42:08 PM

Moscow is the capital of Russia in that case crypto exchange is lunched in only moscow city this is amazing decision. Russia is a known cryptocurrencies adopted country. Government still has not yet crypto currencies regulation this sound is not good.

What a crap! Are you from Russia to know how it's the deal there about crypto? 'Moscow is the capital of Russia' did you say that only to make your comment longer or what?
Russia is neutral territory for crypto and the final decidion about crypto regulation still wasn't taken there.

zahed

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Moscow is the capital of Russia in that case crypto exchange is lunched in only moscow city this is amazing decision. Russia is a known cryptocurrencies adopted country. Government still has not yet crypto currencies regulation this sound is not good.

bryant.coleman

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Russia used to be very hostile to the crypto-currencies, despite the fact that a lot many of the earlier Bitcoin startups originated from that country. As a result, many of these startups moved out to less hostile jurisdictions. Anyway, it is good that finally they have realized the mistake.

Crypto_topic

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Russian authorities are planning to pass new legislation that would effectively legalize cryptocurrency markets by summer 2018.

The bill, which the State Duma Committee on State Construction plans to support, will establish a legal basis for digital rights and digital transactions, Head of the State Construction Committee Pavel Krasheninnikov told Izvestia. The bill does not address all of the president’s directives, but its presents conditions for further regulation of the digital currency industry, said Igor Sudets, director of the Plekhanov Russian Economic University’s “Blockade for Lawyers” educational program.

The bill is scheduled for consideration but since that time, I havent found any useful info regarding its adoption.

The source: https://www.ccn.com

saaux

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that's what many say and I have read news about that when russians have accepted the crypto. so nice for crypto like this. because of the size of this country it can greatly help crypto.

krassy

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The Russian government is considering the adoption of cryptocurrencies at the state level in order to legitimize these relations, but the government is in no hurry to accept the market conditions and the needs of the economy in the openness and transparency of all operations related to the money supply. It's just not good for the authorities. Cryptocurrencies and their activity imply openness and trust, but in a corrupt society with a developed speculative component, it is very difficult to build an open economy that is accessible and understandable to all citizens. The government is only interested in taxing and making its profits from this process, and the use of technology is in last place.

DavidNiva

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Russia's new law enactment is digital rights and smart contracts that define cryptocurrency and tokens as property rather than legal payment instruments, this applies the rules of action in the sale of tokens and rules governing ICO projects, legalizing crypto mining.

hacekd

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Quote from: wndrbr3d on May 22, 2018, 04:16:09 AM

Quote from: alexveksp on May 21, 2018, 02:54:47 PM

Russia is planning Bitcoin legality, Russia is doing great and moving forward to meet crypto interests and progress

What a nonsense are you writing?
Russia a far from cryptocurrencies legality, it has lots of other problems. Russian Governament is planning to issue a law about ICO regulating. There is not any control about cryptocurrencies now, the whole crypto market is in the shade...

make no mistake, Russia has legalized bitcoin for a long time and is now trying to adopt bitcoin, there are many companies that use bitcoin and there have been many transactions carried out in Russia using bitcoin it seems here you are very uninformed

DeadCoin

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This news was older but anyway this is the good news to hear. Many countries not support crypto and announced bitcoin as illegal. In this situation one country came forward towards crypto means it is a victory for crypto. Russia is a grown country that supports blockchain technology and bitcoin exchange opened. People in the Russia always adopt for new technology is the main reason for the countries growth.

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