I am really not sure about that future stance of Russian government yet. Because just one year back, they threatened to jail the bitcoin users and to stop the bitcoin use in their country. So their current stance of recognizing bitcoin may be a game to collect information about bitcoin users in the country.
However, it is too early to say anything because they haven’t yet come up with any policy to clarify their statement. If it happens, then definitely Russia will open a new horizon for bitcoin itself. The investors may claim a huge profit because of the price appreciation. But I think it is better to adopt wait and watch strategy.
Topic: Russia is a potential market? - page 3. (Read 2635 times)
I think they are recognizing the fact that blocking bitcoin is not going work. Many bitcoin experts are Russians. However, for the past many years, the policies in Russia have been changing all the time and I won't be surprised if next week they decided to ban bitcoin (again).
Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
Russia already recognized bitcoin and they are planning to accept bitcoin and based on the other thread that i read, they want to monitor every transaction. The bitcoin market that will be created in Russia will have a great potential and it will be a big market because just imagine how russians love digital stuffs and they are one of the country that has an advanced system so i think russians will love bitcoin and it will become a big deal for them.Yeah, Russia seemingly embraced bitcoin a while.ago, as they are pretty cyber savvy as a culture and bitcoin is the official currency of the internet, LOL. A few exchanges are located in that vicinity as well (Yobit comes to mind). I don't know about the regulatory climate over there concerning this, but, unless it became a major interest of the state (seems like there are bigger fish to fry ATM) wouldn't really be a deal, so to speak.
I don't think people should rejoice over this, the way they want to go about this is not good for Bitcoin because almost all the transaction will be monitored, I think this will give anonymous coins chance to shine in Russia if they can appeal to the users over there
Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
All Russia wants is control every bitcoin transaction on the planet, they are going to try to keep track of every transaction they can, they already claimed this, that by 2018, they want a big database to keep every merchant and consumer on check. Im not sure how they are going to try to achieve this to be honest.
Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
Well, going to the Russian sub thread?
Russia has wmoney and that network was really large last time I've used with a lot of uses and a lot (really lot) of locations where you can pay with it.
But in terms of how big it is in usd value, ...meh.
At an average income of 500 euro per month, I don't see that many people jumping into the btc wagon.
The only attractive part of bitcoin might be taxa evasion in russia, but there evasion is done by other means;).
Well, I can tell you as a person, who lives not far from Russia and has a lot of friends there, that Russia is quite far from adopting bitcoins. Just considering that it is a big country with approximately population numbers 147 millions there are people that know about bitcoin and even started using it a couple of years ago. But MOSTLY Russians are not familiar with BTC. I guess it now depends on government. And if the government accepts bitcoins, for sure it will become popular, commonly used and, I think, will influence bitcoin price 
It doesn't matter if they are 147 millions if their income is that of 10 millions dutch.
Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
Japan has already legalized bitcoin if Russia follows the suit that will make it one of the biggest bitcoin market. There are lots of Russian users here on this forum also and it seems btc is very popular in Russia.You can learn more about btc market from Russian users here.
The problem for Russian's is how oppressed & controlled they are. Even if Russia does embrace bitcoin I doubt the people will have much freedom, they won't be able to avoid taxes as easily as some of us can via bitcoin.
Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
Well, I can tell you as a person, who lives not far from Russia and has a lot of friends there, that Russia is quite far from adopting bitcoins. Just considering that it is a big country with approximately population numbers 147 millions there are people that know about bitcoin and even started using it a couple of years ago. But MOSTLY Russians are not familiar with BTC. I guess it now depends on government. And if the government accepts bitcoins, for sure it will become popular, commonly used and, I think, will influence bitcoin price Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
Russia already recognized bitcoin and they are planning to accept bitcoin and based on the other thread that i read, they want to monitor every transaction. The bitcoin market that will be created in Russia will have a great potential and it will be a big market because just imagine how russians love digital stuffs and they are one of the country that has an advanced system so i think russians will love bitcoin and it will become a big deal for them.
Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?
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