Russia says BTC will never be legalised - do you think we'll see a knock on? - page 3.

audaciousbeing

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Quote from: the_hillman on November 21, 2017, 09:35:51 AM

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/

We have seen several things that people and even governments have said there is no way it can be possible but today it is. In the last people have said that there cannot be robot to be equated with human beings, today a robot Sophia has been granted citizen status in far away Saudi Arabia that have been known to be more of a conservative country. The reason for this analogy is that policies can change without any repercussions due to current scenarios and demands.

Even the statement gave an open ended one which does not seal the news in the negative but left it open because of the possibility of doing otherwise and not to be seen as an hypocrite or a liar. So, with time, the acceptance of bitcoin will be known.

lazer1064

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Quote from: the_hillman on November 21, 2017, 09:35:51 AM

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/

It would be very stupid, illogical. Most recently, Moscow launched its national payment system "MIR", (translated as the world). It will be very difficult to promote it because of competition from VISA and MasterCard. In this case it would be very beneficial and logical to supplement the functional of the Russian payment system with the ability to input and output bitcoin. But no...
What do they have for people in general in the government? They have an IQ clearly below average.

btcjoin14

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Quote from: haroldtee on November 25, 2017, 04:34:36 PM

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.

Putin stated many things and didn't deliver. The people in Russia and other places state that they will ban Bitcoin but don't. So don't worry so much about it.

Jahreer

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still Russian goverment is not forever Wink

BartS

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Quote from: Forstrim on November 21, 2017, 01:38:32 PM

Russia with such idiots in power will never have a future.

Russia has some of the most able leaders in the entire world in power, they are better than most people leading countries in the west, they are realizing and with reason that bitcoin is dangerous to the survival of states around the world, so to me it makes sense they are very careful when it comes to bitcoin, but different countries have different priorities and culture, that is why Japan accepted bitcoin so quickly.

Cryptozond

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From Russian media and officials we often hear contradictory information depending on the situation on the market. I think the opinion will continue to change more than once

khaled0111

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First of all you should tell us who the ... is Nikolai Nikiforov and why we should care about what he says.
After making some researches i knew that he is the Russian minister of communications.
I think that what he says have no sense taking in consideration the huge number of ICOs started from Russia and not being banned till now.
Governments can not stop bitcoin anymore.

marky89

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Quote from: the_hillman on November 21, 2017, 09:35:51 AM

"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?

Absolutely. There are rumors circulating that the Russian Federation will create a "Crypto-Ruble" that will essentially be a centralized blockchain backed by fiat money. I imagine they want to capitalize on the Bitcoin/blockchain hype, but push citizens towards regulated/surveilled payment systems. There are also similar rumors in China. The Bank of China has already developed and released an app called "Blockchain e-wallet" in the App Store. Supposedly it will be linkable to BOC debit cards. There is no functionality included for Bitcoin and other cryptocurrencies.

So I definitely think we are entering a new era of state-backed "cryptocurrencies" as governments try to steer their citizens away from decentralized money. As far as legalization, I think the cat is out of the bag. It's too late for major powers to effectively make Bitcoin illegal. That would work out like historic gold bans -- failures.

darklus123

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Quote

"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."

It's a pretty safe statement from the Russian government. The Russian government said that it is just simply against their jurisdiction which we can't blame them in a way. However even if they said that bitcoin will never be legal. It isn't illegal either, just from the fact that they will consider using the blockchain technology when it is needed for the good of their country. However as long as they have no control on it. They will never recognize it.

GreenBits

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Quote from: the_hillman on November 21, 2017, 09:35:51 AM

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/

what he meant to say was "we did not find out about bitcoin and take it seriously until China is all in it. it would just be easier to make our own coin, fuck these sanctions"

and this is certainly for the best. a little considered vector of regulation is the current mountain of sanctions over Russia, courtesy of the US. If they were heavily involved with crypto, the US gov might restrict domestic users, to ensure that those sanctions arent subverted (bitcoin, with its hard to trace transactions is perfect for this).

i have concerns about regulation restricting US participation in Russian ICOs down the road.

Russia will have its own coin, and take control of its economy again. And I bet you the US will not take kindly to this attempt, given the current political climate.

cpfreeplz

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Hahaha Bitcoins are illegal because they are evil.... So we'll steal the technology and use a centralized version.

And this my friends is how you fall decades behind your fellow countries. Good luck to all Russians. This is an uphill battle against incompetent bribed morons.

haroldtee

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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.

FrueGreads

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The position of Russian regarding cryptocurrencies is very confusing and they keep saying different things from time to time. They were suppose to issue official regulations for ICOs in 2018, so this probably means they haven't decided yet. They are definitely "pro blockchain", and they were actually the first (or second country), to launch it's own "cryptoRuble". There are some well known russian billionaires investing in crypto, so maybe this will put some pressure on Russia's government.

NikolayRaev

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To combat illegal transactions, Russia in 2018 can recognize bitcoin and other crypto-currencies.

How the government says "At every moment the state should 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 as with banking operations "
Having exposed certain requirements to crypto-currencies, it is possible to solve the problem of money laundering. Now transactions are usually carried out on the principle of pseudo-anonymity, when the payment parameters are known, but the sender and receiver are not known. Technologically, everything can be deployed in the opposite direction - when the sender and receiver are known, but the amount is unknown.

Thus, the only condition for the legalization of bitcoin in Russia, will be a complete rejection of the anonymity of the conducted transactions.

Baofeng

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Quote from: Hydrogen on November 25, 2017, 03:09:18 PM

Nikolai Nikiforov, the person making remarks about russia never legalising crypto, is a russian minister of communications and mass media.

Last I checked, communications and media don't have much to do with economic policy or financial planning.

Nikolai Nikiforov appears to be commenting on areas outside his expertise and knowledge. If Nikolai were commenting on the news media or internet infrastructure his comments might be legitimate. But as he's commenting on policies involving finance and economic matters it is possible that he's speaking his personal opinion on the topic, rather than what russia itself endorses as a state.

That's why you never really know who should be making the official announcement from Russian government about bitcoin and crypto because its been really confusing for most of us the statement coming from them. Like watching a tennis ball bouncing from one court to another. They contradicts every statement they made. Angry

This maybe his personal comments, but it still have impact for the Russian bitcoin community because he is part of the government. Russians may think then that his statement carry that much weight whether its his personal views or the Russian government itself.

Hydrogen

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Nikolai Nikiforov, the person making remarks about russia never legalising crypto, is a russian minister of communications and mass media.

Last I checked, communications and media don't have much to do with economic policy or financial planning.

Nikolai Nikiforov appears to be commenting on areas outside his expertise and knowledge. If Nikolai were commenting on the news media or internet infrastructure his comments might be legitimate. But as he's commenting on policies involving finance and economic matters it is possible that he's speaking his personal opinion on the topic, rather than what russia itself endorses as a state.

BartS

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Quote from: TheCoinGrabber on November 21, 2017, 12:21:39 PM

It's very likely that what he mentioned as use of blockchain would be on the government's own fiat. Bitcoin coming in is basically money from abroad and it seems the Russia wants total control of its economy. Digital ruble anyone?

Quote from: matuson on November 21, 2017, 09:40:31 AM

It is quite true. I believe that it will. Russia will never allow the free circulation do not of their territory is a controlled currency. The methods of the struggle can be very hard. During the Soviet era in Russia shot people for trade dollars. Putin came from the KGB so I assume any options.

Oh, that's horrible. Angry

Quote from: GoldenOrder on November 21, 2017, 11:55:13 AM

Back in the XX century, russians said Russia would never be capitalist because socialism would prevail all over the world. Look what happened.

Ignore this fool.

Was it also Russian that advocated printing a lot of money to the point that it becomes worthless so that people would no longer bother working for money? Commies sure comes up with a lot of crazy ideas.

I would agree with you on your third point but capitalist countries are not doing such a good job either, the US printed a lot of money in the previous years and many other countries around the world did the same, things are about to get really difficult maybe not in this year but soon enough since a global economy based on debt cannot last forever.

DannaWonder

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Quote from: the_hillman on November 21, 2017, 09:35:51 AM

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/

Then why are they allowing their citizen's to release a lot of ICO's and do a lot of mining. We all know that Russia has a big part on Bitcoin mining and they made a lot money from it from the start. A lot of ICO's are managed and made by their citizen's in the past which collected a lot from investors.

Why are they saying now that bitcoin can't be legalized in their country then? After of all the funds that they earned from other people?

iamTom123

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Quote from: the_hillman on November 21, 2017, 09:35:51 AM

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 is a country known to be having many faces and mouths especially concerning cryptocurrency. I think the government has already spoken that they will allow Bitcoin and other cryptocurrencies but under strict regulations as they are careful that the platform not be used for illegal activities. The government is fully aware of the immense potential of Bitcoin to bring in new economic activities for the country and they know that many Russians are already into cryptocurrency long before the government have noticed of them.

Soon, there would be Bitcoin miners to transfer from China to Russia and this is a very good opportunity for the country to establish itself as one of the most influential mining countries. I believe that eventually Russia would soon be laying the red carpet for Bitcoin though in an environment where everybody have to toe the line as the government is serious in punishing rule infractions.

dhka

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Let them watch this community closely and make their judgement again later on Grin

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