Legalizing cryptocurrency trading on approved exchanges in Russia

davis196

hero member

Activity: 3150

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Quote from: Fantastic33 on January 13, 2018, 07:10:34 PM

A bill to legalize cryptocurrency trading on approved exchanges in Russia was drafted.
Hope other countries will also do the same and hopefully be approved. Cryptocurrency is a big help, and hope the government will consider the benefits of using crypto.

https://cointelegraph.com/news/russian-ministry-of-finance-to-legalize-cryptocurrency-trading-on-approved-exchanges

Countries like Russia are hard to predict.They move from cryptocurrency-friendly to anti-crypto very fast.
I can`t feel happy with this news,after a while Russia could ban cryptocurrencies and force it`s sitizens to use the new russian state backed cryptocurrency.By the way,i really hope that more miners will move to Russia,if China decides to ban crypto mining.Russia has lots of cheap electricity and a cold climate. Grin

Hydrogen

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Activity: 2562

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Quote from: Fantastic33 on January 13, 2018, 07:10:34 PM

A bill to legalize cryptocurrency trading on approved exchanges in Russia was drafted.
Hope other countries will also do the same and hopefully be approved. Cryptocurrency is a big help, and hope the government will consider the benefits of using crypto.

https://cointelegraph.com/news/russian-ministry-of-finance-to-legalize-cryptocurrency-trading-on-approved-exchanges

....

Good news!

There's a chance this bill is only political in nature and being used as a bargaining chip. Right now russia is under economic sanctions from the united states and europe. Russia could offer to kill this crypto legalization bill for leverage. They must know central banks don't want crypto legitimizing legislation passed. If russia endorses crypto that could be like other countries legalizing marijuana. It makes the united states and other nations look bad when they can't be as progressive or innovative as foreign governments who are decriminalizing drugs & engaging in other progressive laws, while the united states and other major powers fall behind.

Central banks may be behind anti-russian sentiment in the world. Russia may be the only major world power which isn't currently under control of central bankers, which could lead to them seeking ways to weaken russia and divide it from within.

This might sound like something that has a chance of being passed, but over the long term it could easily turn into a bargaining chip russia is using in an effort to ease economic sanctions which have been leveled against them.

Fantastic33

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Activity: 308

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A bill to legalize cryptocurrency trading on approved exchanges in Russia was drafted.
Hope other countries will also do the same and hopefully be approved. Cryptocurrency is a big help, and hope the government will consider the benefits of using crypto.

https://cointelegraph.com/news/russian-ministry-of-finance-to-legalize-cryptocurrency-trading-on-approved-exchanges

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