Russia Eyes Summer Deadline for New Cryptocurrency Laws

Aramazdi

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Quote from: Proton2233 on March 01, 2018, 08:36:44 AM

The motivation that Russian citizens can not assess the risk of investing in cryptocurrencies is absurd. In fact, the Central Bank fears that Russian citizens will invest money in cryptocurrencies because of distrust of the ruble. This can create big problems for Russia's underdeveloped economy.

maybe the Russians are still trying to protect the value of their currency, but the world has changed.

The government cannot regulate businesses to use conventional currencies in buying and selling goods, the government must be able to anticipate market players in using digital currency, the governing party must provide full support for cryptocurrency if you do not want to be left by western countries who have used digital currency in their buying and selling systems.

Argoo

sr. member

Activity: 2352

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Quote from: USDOLLAR on July 20, 2018, 10:54:22 AM

They accept good quality laws, which citizens are waiting for. The law will clearly define all terms related to the crypto market. This is very important now for more long-term oriented discussion has been a start, which will be benefitted in future.countries that want to keep their wealth and power, need to take best of the crypto. They can't ignore it anymore now Russians also hoping to pass long-discussed new cryptocurrency legislation by July 1, There are two draft laws on cryptocurrencies have been proposed. The effort to allow fund-raising activities to continue in a regulated environment both bills will be submitted to his chamber this month for consideration.

Summer has already passed, in a week. autumn will come, but no laws have been passed in Russia on the regulation of crypto currency. I doubt that good laws will be adopted in this country, allowing people to freely own and dispose of the crypto currency. In Russia, the government has become too authoritarian. The bill to establish criminal liability for using crypto currency as a means of payment is more in line with the spirit of this government.

USDOLLAR

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They accept good quality laws, which citizens are waiting for. The law will clearly define all terms related to the crypto market. This is very important now for more long-term oriented discussion has been a start, which will be benefitted in future.countries that want to keep their wealth and power, need to take best of the crypto. They can't ignore it anymore now Russians also hoping to pass long-discussed new cryptocurrency legislation by July 1, There are two draft laws on cryptocurrencies have been proposed. The effort to allow fund-raising activities to continue in a regulated environment both bills will be submitted to his chamber this month for consideration.

Ozero

full member

Activity: 2142

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The first of July has already passed, and no adopted laws in Russia on the crypto currency have not yet been heard. In Russia there are too many people talking about crypto currency, but they do very little. Of course, you can prohibit websites, social networks, they can quickly, but accept good quality laws, which citizens are waiting for, the mind is not enough, or the hands do not reach.

Arkyo

member

Activity: 134

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Market reaction will depend on how tight this regulation is. As for Russia, the law will clearly define all terms related to the crypto market. Accordingly, it is necessary to pay taxes and this activity will be legalized. I think that the market will react risштп the price of bitcoin and other crypto currencies.

Basmic

sr. member

Activity: 406

Merit: 256

Quote from: Kemarit on April 14, 2018, 07:10:55 AM

Quote from: marielbeckham on April 11, 2018, 07:02:48 AM

It looks like those two draft laws on cryptocurrencies that have been proposed will be declined and everything will stay the same.

Just like a have said many times before, Russia will not accept bitcoin or crypto as a whole because its doesn't give them enough benefits but problems. But to satisfy his constituents, Putin has crypto rubble, but look at how much they put tax on it. They say they are going to establish a bitcoin mining farm, because it really suited their environment, but I haven't heard any news about it. Also they keep on contradicting themselves, that's a clear sign that they themselves doesn't agree with anything related to crypto. I wouldn't be surprised if those law on crypto will be rejected and that is another validity that they won't be crypto friendly after all.

Do you think Putin is interested in the opinion of voters? Lol. He always gets as many votes as he needs. Russian opinion does not interest anyone. I do not believe that Putin will allow citizens to use cryptocurrency. Even if mining farms will exist in Russia, they will be illegal and only bring income to a narrow circle of corrupt officials.

Kemarit

legendary

Activity: 3080

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Quote from: marielbeckham on April 11, 2018, 07:02:48 AM

It looks like those two draft laws on cryptocurrencies that have been proposed will be declined and everything will stay the same.

Just like a have said many times before, Russia will not accept bitcoin or crypto as a whole because its doesn't give them enough benefits but problems. But to satisfy his constituents, Putin has crypto rubble, but look at how much they put tax on it. They say they are going to establish a bitcoin mining farm, because it really suited their environment, but I haven't heard any news about it. Also they keep on contradicting themselves, that's a clear sign that they themselves doesn't agree with anything related to crypto. I wouldn't be surprised if those law on crypto will be rejected and that is another validity that they won't be crypto friendly after all.

marielbeckham

newbie

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It looks like those two draft laws on cryptocurrencies that have been proposed will be declined and everything will stay the same.

CryptoProphet

full member

Activity: 258

Merit: 100

Any state regulation of the crypto currency will either negatively or indirectly affect the market. Initially, the Crypto currency was completely free, it was not needed to be approved, and any regulation would affect and price go down .

TianaStam

member

Activity: 218

Merit: 12

Quote from: Proton2233 on March 01, 2018, 08:36:44 AM

The motivation that Russian citizens can not assess the risk of investing in cryptocurrencies is absurd. In fact, the Central Bank fears that Russian citizens will invest money in cryptocurrencies because of distrust of the ruble. This can create big problems for Russia's underdeveloped economy.

As I heard Russia plan to set limits of investments into crypto currencies. I think it's smart, because of all crypto projects are still not hold fulfill responsibility infront of the law, so in the case of unsuccess people simply have a place to complain.

Spaffin

full member

Activity: 1316

Merit: 108

As always, bankers are against the legal use of crypto-currency, fearing losing their customers and profits. However, they can not say this directly and cover themselves with care for their citizens. Therefore, the Central Bank of Russia, justifying its position with regard to the complete prohibition of the crypto currency, points out that in case of its legalization, citizens can actively invest in the crypto currency, forgetting about possible risks. Such care for citizens, well, the bank here acts as a human rights organization. However, apart from hypocrisy and the desire to keep their profits, there is nothing here.
In general, the approach to the crypto currency in Russia is so contradictory that it is difficult to say which of the proposed bills will eventually be adopted as a law.

palle11

sr. member

Activity: 2366

Merit: 332

It is doubting, believing Russia to be upright in this adoption. Russia has not been known to be friendly and protective in business environment to their patronisers both their citizens and friends. The most abysmal ponzi scheme originated from Russia without no remorse to "losers". They are not prepared for legitimate business. Roll Eyes

Irvine Scottish

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Quote from: Coffee135 on April 07, 2018, 12:35:52 PM

Quote from: Glenn Techincs on April 07, 2018, 12:22:36 PM

Russia as well as Belarus are taking some steps towards crypto, this is very important now. Hope the rest of the world will join this movement

I don't believe in an optimistic scenario. Russia and Belarus are under sanctions. International capital will not open business in these countries because it is risky and the Russians themselves also want to open business in a more stable Europe or offshore. The countries of the former USSR have never been an example.

agree. at least some steps towards they've already done, but the question is will it positevly affect Russia and Belarus or not

Glenn Techincs

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Quote from: Coffee135 on April 07, 2018, 12:35:52 PM

Quote from: Glenn Techincs on April 07, 2018, 12:22:36 PM

Russia as well as Belarus are taking some steps towards crypto, this is very important now. Hope the rest of the world will join this movement

I don't believe in an optimistic scenario. Russia and Belarus are under sanctions. International capital will not open business in these countries because it is risky and the Russians themselves also want to open business in a more stable Europe or offshore. The countries of the former USSR have never been an example.

Those sanctions won't last forever, I think. Current situation doesn't look ideal for opening business, but it's more a long-term oriented decision, which will be profitable in some time

Coffee135

full member

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Quote from: Glenn Techincs on April 07, 2018, 12:22:36 PM

Russia as well as Belarus are taking some steps towards crypto, this is very important now. Hope the rest of the world will join this movement

I don't believe in an optimistic scenario. Russia and Belarus are under sanctions. International capital will not open business in these countries because it is risky and the Russians themselves also want to open business in a more stable Europe or offshore. The countries of the former USSR have never been an example.

Glenn Techincs

newbie

Activity: 34

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Russia as well as Belarus are taking some steps towards crypto, this is very important now. Hope the rest of the world will join this movement

Proton2233

sr. member

Activity: 434

Merit: 252

Quote from: Irvinn on March 17, 2018, 05:41:09 AM

Quote from: Proton2233 on March 01, 2018, 08:36:44 AM

The motivation that Russian citizens can not assess the risk of investing in cryptocurrencies is absurd. In fact, the Central Bank fears that Russian citizens will invest money in cryptocurrencies because of distrust of the ruble. This can create big problems for Russia's underdeveloped economy.

Yes, this is the main reason why the leadership of the National Bank of Russia is trying to prevent the use of crypto currency as a means of payment on the territory of Russia. As always, they allegedly worry about the interests of their citizens and as always do not ask in themselves. In fact, they are worried that citizens will switch to the use of crypto currency and profits from banks will drop sharply. They think about themselves, however, as always, they hide behind the interests of citizens.
However, by the summer everything will really be decided. Who in this case will win - common sense or tightly stuffed purses of bankers, let's see.

You can even not to doubt that will win desire to earn money. Do you really think that Russia has common sense? All power in Russia rests on a giant propaganda machine. People are brainwashed since childhood. They are not able to claim from the authorities the adoption of smart solutions. They can't even choose the normal politicians. But if it is fair to say that normal politicians do not exist. All people always choose the best of the worst.

Irvinn

full member

Activity: 966

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Quote from: Proton2233 on March 01, 2018, 08:36:44 AM

The motivation that Russian citizens can not assess the risk of investing in cryptocurrencies is absurd. In fact, the Central Bank fears that Russian citizens will invest money in cryptocurrencies because of distrust of the ruble. This can create big problems for Russia's underdeveloped economy.

Yes, this is the main reason why the leadership of the National Bank of Russia is trying to prevent the use of crypto currency as a means of payment on the territory of Russia. As always, they allegedly worry about the interests of their citizens and as always do not ask in themselves. In fact, they are worried that citizens will switch to the use of crypto currency and profits from banks will drop sharply. They think about themselves, however, as always, they hide behind the interests of citizens.
However, by the summer everything will really be decided. Who in this case will win - common sense or tightly stuffed purses of bankers, let's see.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

I will believe it when I see it.

Russia appears to be in love with issuing an endless stream of threats and then contradicting them within a ten minute window. Does anyone there have a clue what's going on?

Possibly because of this Russia is a crypto nothing and likely always will be.

The one I'm really interested in watching is Belarus which has gone full crypto friendly. They're also Russia's irritating little brother so I wonder if they'll buckle if Russia decides to actually follow through on their menacing willy waving.

Benkortan

newbie

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Quote from: Sithara007 on March 02, 2018, 12:23:44 AM

Russia has already lost a good number of years, due to the opposition of the authorities towards crypto. This is tragic, because many of the best crypto developers are Russians and many of them had to emigrate to other countries during the past few years. Many of the crypto ventures also had to shift their operations outside Russia.

This is the truth. They didn't recognize it in the early phase, look Buterin and other examples.
But other countries missed the early phase too. Russia will catch up if they do things aggressively.

Topic: Russia Eyes Summer Deadline for New Cryptocurrency Laws (Read 309 times)