Russia says BTC will never be legalised - do you think we'll see a knock on? - page 4.

Oilacris

hero member

Activity: 2996

Merit: 609

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/

I already anticipated such thing which most governments would really only see the usefulness of blockchain technology that have been used by bitcoin which they dont really care at all on adopting it and would rather get the idea and make use on other things instead. We cant be sure if other countries would follow the same path but in my own view they would really come along.

Marucya

full member

Activity: 258

Merit: 100

To the statement of deputy. minister that the bitcoin will never be legalized in Russia, there are several reasons for not reacting strongly. In Russia, for some reason, every high official expresses his point of view without taking responsibility for his words. Tomorrow he can change his point of view, as there have been times with similar statements by such persons, right up to Putin himself. However, it is also not necessary to expect from the current Russian government that they will allow the Crypto-currency to go unchecked across Russia. Most likely, Russia will again close in its shell and possibly issue some of its controlled crypto currency, which will mainly be used only on its territory. The crypto-currency market is likely to manage and develop without Russia. In any case, until the government changes there and other people with different views come to power.

dawoodkhan97

member

Activity: 210

Merit: 10

LibertyLance - Where Freelancing Meets Blockchain

I think this is the real beauty of Bitcoin as no single country
or countries can control bitcoin due to being decentralized.

The same happened when China cracked down on exchanges
and ICO companies, bitcoin came out even stronger than before.

Sooner than later, they have to accept what bitcoin or the
blockchain technology has to offer.

Forstrim

newbie

Activity: 4

Merit: 0

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

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

Bitcoin has no borders.

ladydark

hero member

Activity: 686

Merit: 500

There is nothing to get surprise since russia being a communist country will never welcome such inventions which give financial freedom to its citizens.They just want to have a full tight hold over their citizens.Just few days before,we saw that the dictator of russia,putin said that bitcoin is a pyramid scheme.From that time itself,its clear that russia would never legalize bitcoin.

invincible49

sr. member

Activity: 565

Merit: 270

Remember who u are, what u are & who you represent

This makes sense because of Russia's history with traders. Also I read somewhere that BRICS countries are trying to bring in a new currency against dollar. If it happens then they won't take risks to legalized bitcoin in their counties for trading. Bitcoin gives people freedom while these government want local currency to rule people's lives.

BartS

sr. member

Activity: 980

Merit: 255

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/

I will not be surprised if many countries followed that same train of thought, bitcoin is not something they are fond of especially countries that have a stricter control of their citizens than in the west, I think we are going to see three different scenarios, we are going to see some countries adopting bitcoin, some countries baning bitcoin and some other countries regulating it to death.

Jating

hero member

Activity: 2842

Merit: 772

Its very obvious that bitcoin will never be embraced by Russia as long as Putin is in there. For one, they keep on contradicting themselves. Second, Putin would not endorsed anything that it can't control, not even if he has a good relationship with the founder of ETH.

And they did have their own cryptocurrency if I'm not mistaken and tax are horrible high. Do you think they target ordinary citizens to get their coins? I don't think so. My initial thought is that they are leaning towards crypto, but reading a lot of contradictory statement, and never seen any official stating the facts. I'm not surprise to find this news that they are not legalizing bitcoin in any form.

TheCoinGrabber

sr. member

Activity: 994

Merit: 302

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.

Xester

hero member

Activity: 994

Merit: 544

As long as I am not a Russian and not living in Russia I will not mind this news. Their government just stands on what it thinks is right and just to their country. As to the effect of this news to bitcoin, I do not think that it will greatly affects bitcoin. Just the same what happened to bitcoin when China withdraws or banned bitcoin.

GoldenOrder

member

Activity: 119

Merit: 10

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.

scottykarate

member

Activity: 70

Merit: 10

Quote from: EcoChavCrypto on November 21, 2017, 11:22:15 AM

A lot of people were saying that Vladimir Putin was going to start creating a new token called the Cryptorubble, where is all that stuff now? it seems that all those things dissapeared, maybe they all were fake news to make bitcoin rise once again.

It just makes no sense at all, first they were saying that they were supporting ethereum, and ethereum tokens.

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."

Have you guys noticed that all the news that we get from Russia all are distorsionated? It is incredible, af the beggining, we knew that Russia was "supossed" to be regulating ico's, and it was fake.
Then, they said that Russia was licking the ass of ethereum founder in order to create a new "alliance" so they can work on the future.
After that, russia was going to develop the cryptorruble, thing that it is impossible to be a crypto because that is centralized as fuck.
And now, they are BANNING bitcoin.. What is the real situation in here? we dont even know what is happening right now.

Putin will definitely want his cut of any crypto he can. Plain and simple. He's ruthless. A man who would have someone assassinated in a UK in such a blatant and obvious way is not going to be adverse to trying to control any currency that could undermine his power. He will only allow crypto to exist if he can profit.

EcoChavCrypto

sr. member

Activity: 448

Merit: 250

A lot of people were saying that Vladimir Putin was going to start creating a new token called the Cryptorubble, where is all that stuff now? it seems that all those things dissapeared, maybe they all were fake news to make bitcoin rise once again.

It just makes no sense at all, first they were saying that they were supporting ethereum, and ethereum tokens.

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."

Have you guys noticed that all the news that we get from Russia all are distorsionated? It is incredible, af the beggining, we knew that Russia was "supossed" to be regulating ico's, and it was fake.
Then, they said that Russia was licking the ass of ethereum founder in order to create a new "alliance" so they can work on the future.
After that, russia was going to develop the cryptorruble, thing that it is impossible to be a crypto because that is centralized as fuck.
And now, they are BANNING bitcoin.. What is the real situation in here? we dont even know what is happening right now.

Kprawn

legendary

Activity: 1904

Merit: 1074

All indications are that Putin wants to support Ethereum. He has a good relationship with the founder Vitalik Buterin.

https://www.coindesk.com/vladimir-putin-vitalik-buterin-discuss-ethereum-opportunities-recent-forum/

I would not find it strange if we hear an announcement that Russia would be endorsing Ethereum and banning Bitcoin in the

future. Angry

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

i never understand the Russian stance about bitcoin!
for years i keep hearing different kinds of news coming from Russia. some day some government official says we should ban bitcoin, a while later the had of Russian central bank says we have no issue with bitcoin and it is completely legal because it is traceable, then a while later another government official says something different.

it looks like they either go back and forth with bitcoin or each one over there has his own opinion which they release as statements!!

xdrpx

hero member

Activity: 616

Merit: 603

The biggest misunderstand I see in his statement is "Bitcoin is a foreign project for using blockchain technology". Bitcoin decentralized is not a "foreign" project, if the Russian citizens used BItcoin for their everyday trade, it's a national usage and even the exchanges happening on local exchanges again are national. If the peoeple consider Bitcoins over using the Russian Ruble's then it's not foreign at all. This misunderstand itself is enough to indicate his understanding about Bitcoins. Also Bitcoin and the blockchain were formed together, wouldn't this also make blockchain technology in his case "foreign"? Then I guess that shouldn't be welcomed as well.

Also now about the statement on its legality status. Lets consider China, the Chinese Government did ban trading of Bitcoins once before, and it didn't turn out well. People kept trading on local exchanges and over-the-counter exchanges. This didn't affect the price as much, and thus doesn't matter.

Fahim

full member

Activity: 280

Merit: 101

Putin is Hitler. He wants to control everything. The idea of decentralizing for him as a salt for a bloody wound. What he can not control - he forbids. There even the Internet is completely under control. If the government in the country changes, then the view on the crypto currency will change. As long as Putin is president - it is not possible. Under the dictatorship, there is no freedom, in the crypt world, even more so.

albert11

hero member

Activity: 679

Merit: 500

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 cannot do anything about it if that is the declaration of their government. They are justnprotecting what shouod be protected in their country. As long as we are not from Russia and that we can still earn bitcoin, this news shoukd not affect us. I am just thankful that I do not resides on country like this.

allthingsluxury

legendary

Activity: 1540

Merit: 1029

I don't think this will affect the price of Bitcoin in anyway, shape, or form.

Topic: Russia says BTC will never be legalised - do you think we'll see a knock on? - page 4. (Read 1464 times)