Topic: Russia prepares to legalize cryptocurrency market by July 2018 - page 11. (Read 1728 times)
If Russia will legalized crypto the market will start to grow. If people can recall the market was down when Russia turn thier back on crypto. Since they are planning to make a comeback the market will be having a good growth.
It is a regime in Russia, but all these actions are organized by the different persons in administation. Every decision has it's own group of interested persons. Russian banks are working closely with Waves and Universa projects, it means that everything might be really positive for crypto in this particular country.
At the moment there are a lot of projects. They have been developed for more than six months. Before July 1, the law was to be passed. It remains not long to wait. I'm not sure that something good will come out of it.
It sounds weird for me . Russia banned telegram few days ago , today I have read that Russia also banned more then 16 millions of Amazon and Google IP adresses and now we are talking here about crypto legalization in july , are you serious ?
As revealed in a report by the Russian parliament’s official publication on March 1, Russian president Vladimir Putin has set a deadline on July 1 for relevant cryptocurrency legislation to be adopted in the country. Russian authorities are planning to pass new legislation that would effectively legalize cryptocurrency markets by summer 2018.
The report specifically points to two draft laws centered on blockchain technology that have been developed so far. Russia’s Ministry of Finance has put the spotlight on legal guidelines for the issuance of initial coin offerings (ICOs) while the country’s central bank has prepared a separate draft law on crowdfunding.
Two authorities have agreed upon the main regulatory moves on cryptocurrencies, save for one major contradiction when it comes to cryptocurrency exchanges operating in the country. In essence, the central bank isn’t keen on retail traders and investors participating in cryptocurrency trading.
A separate bill on digital assets – to be submitted to the Russian Parliament this month – will aim to establish governance rules surrounding cryptocurrency mining. Individual entrepreneurs will be allowed to enter mining pools established by legally recognized entities and “conduct activities to extract cryptocurrencies that do not fall under the criteria of industrial mining,” said Alexei Mostovshchikov, chair of the Expert Council of the Youth Parliament under the Russian Duma.
Aksakov further stressed that both bills, from the central bank and the finance ministry, will be submitted to the chamber this month.
NilecoinTeam.
Your news can be more informative to all, if you share some authentic sources supporting your news. I googled and found this, it will be interesting to see what regulations cryptocurrency has to follow in order to be accepted by the Russian government. I will appreciate if someone can share more authentic news regarding this debate. The report specifically points to two draft laws centered on blockchain technology that have been developed so far. Russia’s Ministry of Finance has put the spotlight on legal guidelines for the issuance of initial coin offerings (ICOs) while the country’s central bank has prepared a separate draft law on crowdfunding.
Two authorities have agreed upon the main regulatory moves on cryptocurrencies, save for one major contradiction when it comes to cryptocurrency exchanges operating in the country. In essence, the central bank isn’t keen on retail traders and investors participating in cryptocurrency trading.
A separate bill on digital assets – to be submitted to the Russian Parliament this month – will aim to establish governance rules surrounding cryptocurrency mining. Individual entrepreneurs will be allowed to enter mining pools established by legally recognized entities and “conduct activities to extract cryptocurrencies that do not fall under the criteria of industrial mining,” said Alexei Mostovshchikov, chair of the Expert Council of the Youth Parliament under the Russian Duma.
Aksakov further stressed that both bills, from the central bank and the finance ministry, will be submitted to the chamber this month.
NilecoinTeam.
I can't even tell if it's good or bad.In General Russia is a peculiar country and any innovations in it can be absolutely negative for people
not heard anything about it and it sounds pretty interesting.I think it would have a positive impact on the situation with cryptocurrencies
It is very positive that more and more countries take interest in cryptocurrencies and want to legalize it. That means that this is the future and it's not just a bubble as many people outside the community like to think.
This report will be a very big event that affects bitcoin. I think this will lead the increase in price of bitcoin, tokens and altcoins. This is a big step in legalizing the bitcoin in other countries because Russia is one of the most influential country in the world.
It is always nice to hear if one country willing to accept cryptocurrency like bitcoin and altcoin, more especially if they are preparing for legalization of using the different coins, and congratulations to russian investors in crypto.
Legalize cryptocurrency all you want, cryptocurrency will not fall into the hands of any government control. Having said this, if the story of Russia legalisation of cryptocurrency is true, I will say this positive news, is better than negative news!
This is another good news to hear, it seems everyday cryptocurrency makes the world feel its existence and evolution. It shows that it can really make a difference around the globe in terms of earning, trading, investment, even to small sectors, and people from all walks of life can be part of its excellent service and potential. It always has some special offer to look for , and it's good that it's being recognized by other countries already. Whenever cryptocurrency is at its peak, there's more to come.
This report will be a very big event that affects bitcoin. I think this will lead the increase in price of bitcoin, tokens and altcoins. This is a big step in legalizing the bitcoin in other countries because Russia is one of the most influential country in the world.
President Putin talked about bitcoin and blockchain world several times. in my opinion it will be positive effect for the blockchain world. We will see the result.
It was expected and necessary. There are a lot of crypto under control in the market right now. I just want the rules which will allow people like me to be involved in crypto market
Well, finally after the long discussions from their finance ministry on how they accept and potentially put a regulation to Bitcoin in their country. I thought this issue could never end and remain hanging not unless if this news is true. The OP shouldve provided a link from the news.
Well finally after so long time waiting more country take good decision to legalize crypto.
I will support this kind of action of the country and hope more people would believe to crypto because more country already legalyze crypto.
It is good news for crytpo traders as after regulation and legalize the trust and interest will increase by traders and Russia is big population country hope it will positive impact on all coins specially Russian ICO's.
This is the first good news I've seen this year! Hope this is a real news! Look forward to July!
Well, techinically, I guess if nothing is ever labeled as illegal than it is legal?
Kind of confusing yeah?
To me, this is "positive news" wrapped up in a package that is all nice and neat.
But in reality, it seems that they are using the pretense of "legalization" to actually just regulate crypto to try to make a profit off of it.
If so, than good luck to them.
The tech behind crypto makes it pretty much impossible to control.
But if they are savvy enough to figure out a way to benefit from it then all the more power to them.
Countries shouldn't be discussing whether or not crypto should be illegal, they should be trying to understand the tech to see how to best benefit from it.
The applications of blockchain technology are overwhelmingly positive.
Our world has become a place where middle men control and dictate prices.
By having systems become open source and peer to peer, you reduce cost and increase efficiency.
I also believe that not everything is as good as written in this article and all they want is to benefit. Let's see how this bill will become a reality, and whether it will be better for the development of crypto-currencies. Kind of confusing yeah?
To me, this is "positive news" wrapped up in a package that is all nice and neat.
But in reality, it seems that they are using the pretense of "legalization" to actually just regulate crypto to try to make a profit off of it.
If so, than good luck to them.
The tech behind crypto makes it pretty much impossible to control.
But if they are savvy enough to figure out a way to benefit from it then all the more power to them.
Countries shouldn't be discussing whether or not crypto should be illegal, they should be trying to understand the tech to see how to best benefit from it.
The applications of blockchain technology are overwhelmingly positive.
Our world has become a place where middle men control and dictate prices.
By having systems become open source and peer to peer, you reduce cost and increase efficiency.
If it's going to happen, it will be a good news to crypto. Already many governments are positive towards cryptos and blockchains. Most goverments are worried about blackmoney and illegal transactions done through cryptocurrency
If this news will be true ,than we can expect huge raise in the price of bitcoin. The price of many Cryptocurrency will increase and this will mostly reflect in the potential Cryptocurrency like Bitcoin, Ethereum, Litecoin and Waves.Even the price of bitcoin will reach 19,000$ by the end of this June.We know in last year December,remarkable change occurs in bitcoin price. Same will occur in this July.
This will be the very first package of laws on cryptocurrency. As the developers of crypto currency legislation in Russia say, their goal is to show that this activity is legal and to define the basic concepts.
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