Russia Could Be the First Country to Pass a Cryptocurrency Law - page 2.

yayayo

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Quote from: amacar2 on October 16, 2016, 11:43:25 AM

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“understanding of their right usage”

Understanding and discussing about right usage of bitcoin sound nice but

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and elaboration of anonymity removal mechanisms are the top priorities in this regard.

Anonymity removal mechanism? Doesn't this mean tightening KYC policy for bitcoin exchange and withdraws? I think if anonymity is destroyed in bitcoin transaction no deference will remain between dealing with centralized banks and bitcoin.

Russian government does what all governments do: Try to take away freedom and control people to maintain the existing power structure. In the case of Bitcoin, Russian government seems to be engaging in very stupid and fruitless initiatives out of fear the national currency might be weakened by capital flight and taxation might become harder when Bitcoin is used by the population.

Sadly, the Russian government fails to see the epic opportunity by being progressive and fully embracing and promoting Bitcoin use: To end the USD dollar reign and render all US trade embargoes useless by employing Bitcoin for international trade with their allies. Using Bitcoin instead of issuing and maintaining an own national currency comes with great cost savings as well. Not mentioning the historic investment chance by being an early investor of Bitcoin - the revelation of a Central Bank investment in Bitcoin alone would start a massive price appreciation...

ya.ya.yo!

gentlemand

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Welt Am Draht

I don't believe a bleedin' word the Russian government says about crypto any more. Shit or get off the pot.

Wind_FURY

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The Russian government might be trying to go ahead to limit the potential of Bitcoin. As franky1 said this might not affect Bitcoin but it will affect the things you can build on top or the business ideas that make use of Bitcoin. You see one of Bitcoin's biggest potential is to find inefficient global markets and make them efficient. An example of this are the dark markets. Trading for illegal items online had no reliable mode of payment until Bitcoin arrived.

franky1

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Quote from: amacar2 on October 16, 2016, 11:43:25 AM

Quote

“understanding of their right usage”

Understanding and discussing about right usage of bitcoin sound nice but

Quote

and elaboration of anonymity removal mechanisms are the top priorities in this regard.

Anonymity removal mechanism? Doesn't this mean tightening KYC policy for bitcoin exchange and withdraws? I think if anonymity is destroyed in bitcoin transaction no deference will remain between dealing with centralized banks and bitcoin.

if russia want to strengthen the rules of businesses that touch the Ruble. they have all the rights to do so.
this does not affect bitcoin. just the businesses at the edges of bitcoin that are located within russia or exchange using rubles.

but i hope russia and any country discussing bitcoin,
do not prohibit holding bitcoin from even being held, or
do not try regulating that just holding bitcoin, requires all holders to register their holdings. which i would say is next to impossible to enforce anyway.

from what i have been reading over many months of the actual drafts, they have been centered around the middlemen exchanges,
(though media and outside speculation has mis-interpreted the drafts to scare people to think it includes holders too).

clickerz

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Quote from: Sithara007 on October 17, 2016, 05:40:34 AM

The Russian government must clarify its stance on Bitcoin. BTC is still in the grey zone there. No one knows whether it is legal or illegal to use Bitcoins. This has forced some of the BTC-based businesses to move out of Russia (the exchange BTC-e is a perfect example).

There must be some clarifications and anonymous feature will be over. Once it is under government, then it is controlled by government subject to its laws. Though the advantage maybe that frauds will be persecuted and consumer will be protected. But, on my opinion, I am very at ease of bitcoin setup right now.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

The Russian government must clarify its stance on Bitcoin. BTC is still in the grey zone there. No one knows whether it is legal or illegal to use Bitcoins. This has forced some of the BTC-based businesses to move out of Russia (the exchange BTC-e is a perfect example).

sasha456

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I'm interested if people want to be protected this way. Why people can not make their own decision?

amacar2

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CryptoTalk.Org - Get Paid for every Post!

Quote

“understanding of their right usage”

Understanding and discussing about right usage of bitcoin sound nice but

Quote

and elaboration of anonymity removal mechanisms are the top priorities in this regard.

Anonymity removal mechanism? Doesn't this mean tightening KYC policy for bitcoin exchange and withdraws? I think if anonymity is destroyed in bitcoin transaction no deference will remain between dealing with centralized banks and bitcoin.

Chronobank

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Formerly known as Chronobank, now Chrono.tech

Russia may become the world’s first country to pass a cryptocurrency regulation law, according to the State Duma’s anticorruption and security committee deputy chairman Andrei Lugovoi.
Speaking to RBK Tatarstan, Lugovoi stated that his prime objective at Finnopolis 2016 financial forum in Kazan is to explain to the banking community that assessment of perspectives and risks of digital currencies, “understanding of their right usage” and elaboration of anonymity removal mechanisms are the top priorities in this regard.

http://bitcoinschannel.com/russia-could-be-the-first-country-to-pass-a-cryptocurrency-law/?utm_source=[Suspicious link removed]&utm_medium=twitter

Topic: Russia Could Be the First Country to Pass a Cryptocurrency Law - page 2. (Read 862 times)