Topic: Russia and central Bank agreed to legalize cryptocurrency as a form of currency - page 4. (Read 550 times)
February 09, 2022, 11:55:07 PM
I did not even expect that in Russia they could make such a decision. This is really very good news for the cryptocurrency market and, apparently, the prices in the market will go up now. But earlier in Russia they argued that they could not allow the circulation of cryptocurrency as a means of payment, since it is written in their Constitution that the only means of payment in the country is the ruble. Has the current international sanctions and the threat of other, more stringent ones forced to change the attitude towards cryptocurrency, especially on the part of the Central Bank, which until then was categorically against its legalization? Apparently, finances in Russia have become very tense, and the legalization of cryptocurrency with the introduction of a tax will make it possible to receive many billions of dollars in cash, and, on the other hand, to bypass international sanctions and hide your capital.
February 09, 2022, 11:26:49 PM
Another great new in 2022 for the crypto users. I am telling it good because it is good than a full ban about which central bank was thinking.
There was a worry from the central ban who called for a ban on bitcoin in Russia in the previous month but on Tuesday in their announcement they along with the Russian government agreed to legalize and regulate the cryptocurrency as a currency for the country. On 18th Feb they will launch a draft for that step
It means that now this community will be increased much more and the crypto field will see more development and seeing this other countries will also accept crypto as their currency.
Their attempt of this step is to handle the usage of bitcoin and other coins in the country because they government do not want to ban it and central bank asked for a ban on it.
But for the transactions more than 600,000 rubles which is around $8000, there will be tax
https://www.coindesk.com/policy/2022/02/09/russia-to-license-crypto-exchanges-tax-large-transactions/
There was a worry from the central ban who called for a ban on bitcoin in Russia in the previous month but on Tuesday in their announcement they along with the Russian government agreed to legalize and regulate the cryptocurrency as a currency for the country. On 18th Feb they will launch a draft for that step
It means that now this community will be increased much more and the crypto field will see more development and seeing this other countries will also accept crypto as their currency.
Their attempt of this step is to handle the usage of bitcoin and other coins in the country because they government do not want to ban it and central bank asked for a ban on it.
But for the transactions more than 600,000 rubles which is around $8000, there will be tax
https://www.coindesk.com/policy/2022/02/09/russia-to-license-crypto-exchanges-tax-large-transactions/
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