Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.
That is not the worst thing it can happen, do you think the Russians are dumb? Do you think they have forgotten the previous economic crisis they suffered? Many old people still have dollars just in case something happens, so if they just create their own coins people are not going to adopt them and those that do are going to be eventually disappointed with those coin and are going to move to bitcoin. 
Topic: Russia says BTC will never be legalised - do you think we'll see a knock on? (Read 1457 times)
December 05, 2017, 12:15:05 PM
December 02, 2017, 06:48:20 PM
Many countries will never legalized bitcoin and will try to ban it or start new coin against it like what Russia done.
in future price will make bitcoin strong and can’t effect with any ban
in future price will make bitcoin strong and can’t effect with any ban
December 02, 2017, 06:45:00 PM
Noone , noone can stop bitcoin. Banking is over. The new era has begun!
December 02, 2017, 06:41:46 PM
Russia being a communist country will never allow anything which would make their people free from their hands.It does not encourage liberal ideas.Putin being a dictator had already said that bitcoin is a pyramid scheme.So,its quite natural that russia would be taking its stand against bitcoin just obeying its president's command.But bitcoin is also unstoppable being a decentralized currency.Russia could not ban bitcoins completely.
December 02, 2017, 05:59:14 PM
Most govs see bitcoin as a threat and some will try to get rid of it
No I think they are wrong, I am not sure when will bitcoin will consider to be legalized all over the world but I know one day bitcoin will achieve its target and will be use in many countries as a official currency. The way now bitcoin popularity and price increases I am sure bitcoin will get a lot and near to its future. December 01, 2017, 03:44:21 PM
For some legislators in russia, bitcoin is just a kind of monopoly game money that tries to have real currency value, it's very strange because russia also has ethereum as a prime crypto medium, if eventually they do not legalize bitcoin and even ban it, then the government will not get the economic benefits of crypto taxes, bitcoin users will remain active and choose to make transactions through indie transactions globally.
December 01, 2017, 03:34:32 PM
How can a country ban a cryptocurrency like bitcoin? if it is dezentralized you should not have to worry about it or did i forget something?
i know they can close exchanges and so on but you can still buy/sell things with btc or bring btc on your smartphone from a third party country.
so please correct me if i am wrong and tell me why...peace out
Well, there are different ways to ban bitcoin:i know they can close exchanges and so on but you can still buy/sell things with btc or bring btc on your smartphone from a third party country.
so please correct me if i am wrong and tell me why...peace out
First of all you cannot use your credit card or bank account to sell or buy bitcoins. If banks discover you did something like that they could block your account and also take your money(if a country would banbe bitcoin)
Secondly, you cannot buy anything with bitcoin from anythe shop because governments will restrict shops from accepting bitcoin as a payment method.
So you could use bitcoin only as an investment and you have to find a way to sell your profits without government to discover any transaction related to bitcoin
December 01, 2017, 03:28:16 PM
Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
Russia has always been a backward country. And now they do not understand and do not see this chance to raise the level of development of their country. It is very unfortunate that Russians do not learn anything. The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
December 01, 2017, 03:25:41 PM
Bitcoin is playin in world league and bitcoin is not only for Russia and Russian law is free to consider bitcoin as a legal entity or not but i think most countries will expect it as a legal money in the future , time will show it to everyone!
December 01, 2017, 03:18:02 PM
Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."
Do you think we'll see other countries going down this route?
Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/
Russians! If there would be a cure for that they would say they won't use it because it's not Made in Russia. This is bullshit.
December 01, 2017, 03:16:21 PM
Some Russians are using it over Tor to don't get caught. I know one which goes to Poland to buy lots of bitcoin so they won't worry about going to Poland too often. They use Bitfinex onion service to trade Bitcoin anonymously and safely. The Cryptorubble is parody and it's useless because it's emitted by government so they might as well don't use it.
December 01, 2017, 02:57:58 PM
Russia is a country that has their own regulations which was not affected by any popularity all over the world for this country when they imposed rule they stand on it and no one can change it. Now with bitcoin if this country declares that they will not support the legality of bitcoin it's their choice besides since control over bitcoin is a big issue so far we cannot blame many countries if they are afraid of the technology bitcoin has.
December 01, 2017, 02:46:20 PM
most of the government in their own countries doesn't like BTC, because of taxes issue and it is a rival of the bank.its like a single people setting up his personal bank
it's true.the government prohibits everything that can't be controlled or from which they can't take the taxes
did you know? the whole world uses linkedin, but in russia it's officially blocked
Decentralization will soon takeover the world. No one's stopping that!
December 01, 2017, 02:15:55 PM
Although Russia or China ban Bitcoin. It still develop. Because there are many banks and corporations in the world such as Japan, America, South Korea accept Bitcoin. So, no problem!
Yes, The majority of the countries in the whole world would accept bitcoin, so i don't think that is really a problem if one or two countries ban bitcoin. The world is too big, and the development of bitcoin will grow more day by day, so Maybe in the future, I mean after 10 years, bitcoin will be used by the most of countries locally and also we can see it as an international currency. December 01, 2017, 02:02:05 PM
most of the government in their own countries doesn't like BTC, because of taxes issue and it is a rival of the bank.its like a single people setting up his personal bank
it's true.the government prohibits everything that can't be controlled or from which they can't take the taxes
did you know? the whole world uses linkedin, but in russia it's officially blocked
People hate stuffs they can't control. Same goes for the government. But one thing is certain. Either they like it or not, people will keep on using Bitcoin. Decentralization will soon takeover the world. No one's stopping that!
December 01, 2017, 01:51:53 PM
most of the government in their own countries doesn't like BTC, because of taxes issue and it is a rival of the bank.its like a single people setting up his personal bank
it's true.the government prohibits everything that can't be controlled or from which they can't take the taxes
did you know? the whole world uses linkedin, but in russia it's officially blocked
December 01, 2017, 01:19:45 PM
in a few years it woul be legalized all over the world
December 01, 2017, 01:18:20 PM
It's gonna be so hard to do because no government control BTC. the earlier they embrace the revolution the better it gets for them.
December 01, 2017, 01:15:27 PM
most of the government in their own countries doesn't like BTC, because of taxes issue and it is a rival of the bank.its like a single people setting up his personal bank
December 01, 2017, 01:12:02 PM
Wellll, I've heard somewhere that Russia can legalize bitcoin and other crypto-currencies as early as next year. The Bank of Russia and profile departments now determine what status they should get. At any given time, the state must know who is on both sides of the financial chain. If there is a transaction, the people who conduct it must understand who they are buying from and to whom they are selling, just like with banking transactions
The Bank of Russia and the relevant departments are developing a joint position regarding the status of the crypto currency. According to him, afterwards, approaches to their regulation will be determined.
The Bank of Russia and the relevant departments are developing a joint position regarding the status of the crypto currency. According to him, afterwards, approaches to their regulation will be determined.
That is not what their body languages is saying. That's why I always takes a grain of salt anything coming from them. They are like 2 different countries. One would say that they "all love" crypto and bitcoin is close to Vitalik. Then on the next day, its the complete opposite, that's why I have a good laugh at them. LOL.
I seriously doubt what you are saying here without any sources. Its already out there that they will not legalized bitcoin and crypto because they can't control it. And the way to please their citizens is to have their own crypto's. But how can a ordinary citizens bought it when it is heavily taxed at around 13-15%?
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