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Topic: Russia prepares to legalize cryptocurrency market by July 2018 - page 18. (Read 1702 times)

member
Activity: 364
Merit: 10
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WOW!!! this is the kind of new we want to be hearing about crypto. This kind of news normally cause FOMO and when there is FOMO it is bullish market as many people would want to get in. I hope the news comes live.
member
Activity: 364
Merit: 21
In fact, such laws in our country do not give noticeable results. Already everyone knows about crypto-currencies and work in this direction. Today you can buy a house or a car per crypto-currencies. And the lack of a legislative basis is not a hindrance.  The only plus is the green light to institutional investors.
member
Activity: 406
Merit: 11
Until the end of time
If this news happens to come true, it will be very massive for crypto space. it will turn market to bullish market. I will keep watching out for the news and believing it comes true.
member
Activity: 277
Merit: 12
Unfortunately, this is not entirely true. Rather, it is about doing everything that is related to crypto only by the state industry. If you believe early editions of the bill, then the right to conduct such activities will only have licensed campaigns with a registered capital of more than $ 2 million.
member
Activity: 364
Merit: 10
This is going to be huge for crypto world .Also Estonia and Switzerland will be among others to legalize crypto.After that many other countries will do the same and that when people will start to buy from all over world especially when it comes to the market where we can spend
full member
Activity: 504
Merit: 100
I hope this isn't fake news and it turns out true. Russia is very big populated country. There are many people in our russian local forums too. I hope they will legalize it and regulate icos so we may see trustable altcoins from Russia.
a lot of conflicting information and is found in all the media. As far as I know, Russia in general wants to criminalize the use of crypto currency.
hero member
Activity: 1246
Merit: 501
That is 100% incorrect. Russia is not going to legalize cryptocurrency, Russia is preparing a legislative base for new ICOs.
I saw the draft version of the law and it is far from the best

Yes you are right. I watched the news carefully and there were mentions of new coins. Russia wants to simply introduce all this business into the tax system.
yes because many ICOs from russia Grin and mostly successfully raised a million dollar. russian goverment maybe will set tax system for ICOs. thats good for russian goverment because they have income from ICOs taxes
member
Activity: 420
Merit: 10
That is 100% incorrect. Russia is not going to legalize cryptocurrency, Russia is preparing a legislative base for new ICOs.
I saw the draft version of the law and it is far from the best

Yes you are right. I watched the news carefully and there were mentions of new coins. Russia wants to simply introduce all this business into the tax system.
member
Activity: 574
Merit: 12
Kuvacash.com
If this news is correct, then this will be a big boost to the cryptocurrency world.
Hoping to see this news come to pass in favour of cryptocurrency come July, 2018.
hero member
Activity: 1022
Merit: 521
Wow! it means that once again the price of bitcoin will reach to a most higher value just like Japan legalized bitcoin and the price start to increase and increased to a much higher value. Now if such a bigger country will legalize bitcoin and crypto market then almost all of the coins will start to increase to a much high value.

I think now it is the time to buy as much as we can because keeping money in fiat will not give us that much profit which in the coming July bitcoin is going to give us. In that days I hope the bitcoin users will earn as much as a business owner earn in 5 to 10 years of struggle.
member
Activity: 350
Merit: 36
i think this is generally a move in the right direction, to fully embrace blockchain tech's usefulness for society at large. But bear in mind the repercussions that it cld bring to traditional fin mkts and ppl's spending habits in the short term. hard to say how things will turn out in the end
member
Activity: 444
Merit: 12
It is not yet known how the regulation of cryptocurrency market in Russia will affect. Legislative norms are still being discussed and in what form the laws will be adopted remains a mystery. But I want to hope that it will be positive changes.
sr. member
Activity: 621
Merit: 288
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
Seems like World war is going to be on finance world. Russia is legalizing and USA is banning and also few countries banning too.
This is how we are going to fight against capitalism. Russia is going to be the richest country soon.
jr. member
Activity: 120
Merit: 5
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.
I straight knew that it legalized, all of whom spoke of, with traders, hunters, and all said that Putin will say the crypt is not. But no
member
Activity: 210
Merit: 10
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.
everything might change, because in Russia the elections are coming and people may choose another president and he may not be satisfied with this legislation.
sr. member
Activity: 686
Merit: 250
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.

So it's not even true.
Is this some kind of new way to shill your coin?
full member
Activity: 275
Merit: 101
O, come on. It's Putin. We can not expect anything good from him. They will impose bans, and people will learn to bypass it. They will impose taxes and the people will learn how to avoid taxation. You know what kind of corruption in Russia. I think nothing good will come of it. Perhaps another president will be able to do something useful for the crypto community, but no Putin.
full member
Activity: 156
Merit: 100
📶Decentralized free Wi-Fi📶
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.
If this really happens, it will be great because we will get new investors who simply change the entire cryptography market. Another question is whether they will impose a tax or not.
full member
Activity: 364
Merit: 102
Only great statesmans have the ability to foresee the perspective sooner than others. The priority of a country, should be to maintain a competitive productive companies and attract as many opportunities as possible, wherever they come from; especially from the most advanced sectors.

Even the European insitutions are also looking favorably to the criptoworld. It's just a matter of time and sooner or later, all most advanced countries will legislate about cryptocurrencies and about the related application uses. Germany and his company (Bosh, Siemens, Volkswagen) with IOTA foundation, is at the forefront from this point of view.
member
Activity: 350
Merit: 11
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.
Hi, therefore, the aim of Russian official crypto-policy is to eliminate the chances of illegal transactions such as, human-trafficking, terrorism financing, and money laundering, while at the same time using this technology to modernize the internal capital management of Russia
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