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Topic: Russia just made all crypto legit - page 4. (Read 757 times)

legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 05, 2018, 11:00:40 AM
#32
Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free
russia is the new anti communism power world wide, and main enforcer of cryptocurrencies
russia will destroy many current states and elitists bankster cartels that abuse their people in the world as we know it

Russia is the sphincter of the world, the most communist avid nation after NK, ruled by oligarchs , with corruption on pair with an African country, with crime, drug abuse, crimes and even file expectancy the same as a 3rd world country.

Russia will do nothing!!!!!!

Smart move from putin, just like we are used to from him.

Calling smart a leader (for more than a decade) of a country with the biggest oil and gas reserves, larger than any country on earth, with lots of natural resources, land , water while his citizen are the poorest in Europe....that's not smart.

From the perspective of the Russian central bank - they encourage users to move mined funds outside the country as they want inside only that what they can fully control + they want to protect the national currency.

That't probably the last thing the CBR wants
Capital outflow.
It's totally the opposite of protecting your national currency.

full member
Activity: 322
Merit: 141
February 05, 2018, 10:01:03 AM
#31
From the perspective of the Government - it is a logical move - allow it and tax it.
From the perspective of the Russian central bank - they encourage users to move mined funds outside the country as they want inside only that what they can fully control + they want to protect the national currency.
From the perspective of politics - Putin likes to be special and being "contra" by being "pro" is one of his usual moves.
legendary
Activity: 1904
Merit: 1074
February 05, 2018, 09:49:49 AM
#30
There is a difference between attracting Bitcoin miners to use their excess power and allowing them to use it as a currency. We

know Putin had some talks with Vitalik {Ethereum}, so it is not a hostile relationship with Crypto currencies. What we want to

know is if his talks with Vitalik was to use Ethereum and if they would still be friendly towards Bitcoin, when a partnership is

established between Russia {Putin} and Vitalik.  Huh {Vitalik will definitely not boost Bitcoin}  Angry
sr. member
Activity: 798
Merit: 268
February 05, 2018, 09:25:57 AM
#29
There’s no final announcement on this matter, well i do hope that this is true so the price of cryptocurrencies will be back to normal. Will make a research on this one cause the OP gives a baseless information, lets all hope for the best.
jr. member
Activity: 100
Merit: 1
February 05, 2018, 09:13:35 AM
#28
Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free



I consider this just to hype crypto if it is not backed by an official statement, post the link where you get that report and just don't rely on a buzz, we need reliable news so the price can get back to the right track.

https://news.bitcoin.com/bank-of-russia-allows-crypto-mining-proposes-miners-sell-their-coins-overseas/?utm_source=OneSignal+Push&utm_medium=notification&utm_campaign=Push+Notifications

According your link the news is that Russia is considering a proposal to allow mining, but to impose taxes on it.
No mention of the legalization of all cryptocurrencies and the confirmation of the adoption of such a bill, all the more!
Regular Hype!!
sr. member
Activity: 434
Merit: 250
February 05, 2018, 09:03:59 AM
#27
Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free
It is a really great news to hear that Russian central bank just legalized all crypto currencies but the market is still going down just because some banks stopped credit card users from purchasing crypto currency and the market is bleeding for some time and hope it will be like this until we have some good news like these.
member
Activity: 143
Merit: 10
February 05, 2018, 09:02:42 AM
#26
This could be some great news that this space currently needs. Too much FUD is killing bitcoin. And than now it is again china fud. How many times that country can ban bitcoin lol
jr. member
Activity: 35
Merit: 1
February 05, 2018, 08:54:01 AM
#25
Always include a credible link before adding this news. If the news is true, we will see some increase in prices soon.
member
Activity: 308
Merit: 11
February 05, 2018, 08:49:24 AM
#24
If this is correct, then it's great news, however I have not seen an official announcement from the Russian government, so until i do its still speculation.  
full member
Activity: 546
Merit: 100
February 05, 2018, 08:49:11 AM
#23
i think bitcoin is very famous in russia, in instagram if you search #bitcoin in snapgram (instragram story), there will so much russian in there, i think it's a trend in russia
sr. member
Activity: 658
Merit: 256
February 05, 2018, 08:46:49 AM
#22
If it is true, this is a good news for us after so many bad news. And hopefully more good news to come.

Do you have the official link to the news?
sr. member
Activity: 2618
Merit: 439
February 05, 2018, 08:40:38 AM
#21
Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free

I still not sold on Russia regulating or even legalizing bitcoin. If you will just observed how totally contradictory their words are, no don't need to be a rocket scientist to deduce that they are just using crypto to hug the limelight and get attentions, but they will never be friendly crypto countries because of the following reasons:

(1) they always tells opposite side of the spectrum, you will hear that they love crypto, but next day they will issue another statement contracting it.

(2) we all know how Putin loves to maintain his power and will not allow anything that he can't control.

(3) they already have their government crypto coins in CryptoRubble, I don't think they will allow decentralizes crypto against their own. They would rather have their people invest on their coins, which have a tax of 20%-30% if I'm not mistaken.
jr. member
Activity: 201
Merit: 1
February 05, 2018, 07:31:51 AM
#20
Smart move from putin, just like we are used to from him.

Governments who embrace crypto now will have a lot to gain from it. Sure they will regulate it, or try to regulate it as much as they can, but ""if you can't beat them, join them" .

China will come with a plan for this soon too, they are smart
Eu will talk about it for 20 years and do shit lol
Other countries specially se asia will follow soon

Again nice move putin....politically he did a killer move in syria, increasing russia's influence and prestige worldwide ( i know if you only watch western news he seems like a monster lol but overall when putin talks the world listens carefully )

Now he makes a jumpstart to digital world lol russians are already very active in digital world, they think they may fuck americans financially in some way by this i guess.

Anyway we'll have to see the exact implications of this and what it means
full member
Activity: 490
Merit: 106
February 05, 2018, 07:29:54 AM
#19
Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free
I consider this just to hype crypto if it is not backed by an official statement, post the link where you get that report and just don't rely on a buzz, we need reliable news so the price can get back to the right track.
https://news.bitcoin.com/bank-of-russia-allows-crypto-mining-proposes-miners-sell-their-coins-overseas/?utm_source=OneSignal+Push&utm_medium=notification&utm_campaign=Push+Notifications
What you said is russia legalized cryptocurrencies and allow mining without miners paying taxes, but in the article you provided it is stated that cryptocurrency miners still have to pay tax, and the central bank of russia wants to sell the mined coins overseas which can also means that they are not recognizing it fully legal in their country. But it is still a good news that they officially allows mining because russia is one of the best location to build a farm and mine cryptocurrency, given that they have cool weather and one of the country that can offer cheapest electricity.
full member
Activity: 882
Merit: 126
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February 05, 2018, 06:55:34 AM
#18
Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free
I don't know this news is true or not but these kind of news will make the crypto currency investors a relief from the past experience of bad news and regulations for crytpo currencies which did all the things for the recent price fall.

But if the news is true please provide the link to that article to make it clear for the forum members.
member
Activity: 448
Merit: 10
February 05, 2018, 06:52:53 AM
#17
This is going to be a good news for people of Russia. Especially that tax-free thing. It will really help a lot of miners and investors of cryptocurrencies.
full member
Activity: 291
Merit: 119
February 05, 2018, 06:48:49 AM
#16
Well you know if this news is true then for sure the cryprocurrency market could see a great boon soon .. and other countries might learn a thing or two from russia..
also russian minister just gave a statment about bitcoins which follwed his ideas about  how investing in cryptos could create a chaos and is futile for the near future.. thus we cannot expect this move to please everyone .. lets see what happens ..
hero member
Activity: 1470
Merit: 655
February 05, 2018, 06:47:19 AM
#15
Russia is one of those countries that has not yet completely decided on what to do with bitcoin and cryptocurrencies. there are a lot of statements coming from their government and central banks and each time they are contradicting the previous one one way or another!

for example early year in 2017 they said bitcoin will be legal because it is traceable. then by the end of the year they were some rumors of banning bitcoin, not again there are rumors of legalizing it!
legendary
Activity: 3668
Merit: 6382
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February 05, 2018, 06:37:04 AM
#14
It's a normal step forward. They publicly called the miners come from China to Russia. They have seen they can earn money from that.
The miners will not go there if they can't sell their coins. So they had/have to make the coins legit.
Russia 1 - 0 China. But I expect it won't be for long. China has to make the next move before all the miners go away. Bitcoin price may be already low enough for what they had in mind.
sr. member
Activity: 1064
Merit: 382
Hurrah for Karamazov!
February 05, 2018, 06:32:23 AM
#13
It's not legal yet.The finance minister has proposed a draft, which will allow the exchange of cryptos with fiat, but with regulations.Even ICO's will be regularized.

AFAIK, Vladimir doesn't hate cryptos, he seems to support them.He has always demanded a free market, and hates banks just like us.He even said not to add too many barriers in the bill.
Cryptos will never will be banned in Russia and as for the legalization, we know nothing for sure yet.Expect the bill to be passed by May.
I would request OP to add a credible source to the thread.
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