obviously this is very good for his country ,, we all know that russia is a country that has a pretty strong economic system, .. but with this legalization russia can build many business with crypto currency .. and this will bring bitcoin in safe point with prices are likely to reach $ 10-15k in this year ...
Oh, mate, you're wrong. I live in Russia and I can tell you that there is no any "strong economic system" here. Russia is a "kleptocratic totalitarian state" as it was absolutely correctly noted above, here we have a full-scale economic crisis, poor people and no any prospects at the moment. And I'm almost sure that no any government crypto projects will be realised in Russia. And even if they are realized it will be done in the interests of a narrow group of individuals and not of the country or people. 
Topic: Russia wants to produce cryptocurrency legally (Read 387 times)
On November, 2017 Russian proposed to create free economic zone to produce cryptocurrency legally. They have plans to bring there powerful hardware for mining. Does not it mean that doing it Russia wants to run away from sanctions – dealing with crypto, they will trade with Europe.
What do you think about this?
very good if it's there, but can you give me the source of the news? I want to see and read it What do you think about this?
As far those are only gossip. It can tomorrow turn each way. But for Russia with not rich but technically smart masses and electricity cost about 1-2 rubles for kilo it can be a win-win.
Eventually every country take such steps but it is not our interest, how can we make money from this? So such news are not important much for most of us
smart move for russia this project of them will eventually make crypto market much bigger and wider making it also much more legalised, then other countries may also follow Russia's move into cryptocurrency what a nice vision
I have read recently that they are also going to organize some free zones and install there equipment for mining. They are going to mine altcoins, not Bitcoins there. Probably, Zcash or Monero.
On November, 2017 Russian proposed to create free economic zone to produce cryptocurrency legally. They have plans to bring there powerful hardware for mining. Does not it mean that doing it Russia wants to run away from sanctions – dealing with crypto, they will trade with Europe.
What do you think about this?
very good if it's there, but can you give me the source of the news? I want to see and read it What do you think about this?
Do you have any source to support these claims? Or you have just heard about this somewhere?
Without official announcement it is quite hard to speculate its outcome and what they are trying to achieve with this move. If they will promote bitcoin or cryptocurrency mining than thats good for all crypto users like us.
Without official announcement it is quite hard to speculate its outcome and what they are trying to achieve with this move. If they will promote bitcoin or cryptocurrency mining than thats good for all crypto users like us.
http://www.rbc.ru/technology_and_media/11/11/2017/5a06d1599a7947e3b0f9dc55
https://lenta.ru/news/2017/11/11/videokart/
https://ria.ru/economy/20171111/1508616511.html
Those are leading news agencies. Can supply you with translation for a suitable bounty
Do you have any source to support these claims? Or you have just heard about this somewhere?
Without official announcement it is quite hard to speculate its outcome and what they are trying to achieve with this move. If they will promote bitcoin or cryptocurrency mining than thats good for all crypto users like us.
Without official announcement it is quite hard to speculate its outcome and what they are trying to achieve with this move. If they will promote bitcoin or cryptocurrency mining than thats good for all crypto users like us.
On November, 2017 Russian proposed to create free economic zone to produce cryptocurrency legally. They have plans to bring there powerful hardware for mining. Does not it mean that doing it Russia wants to run away from sanctions – dealing with crypto, they will trade with Europe.
What do you think about this?
What do you think about this?
Where did you find this information ? There are a lot of unfounded rumors about russia and cryptocurrency.
If it turns out to be true anyway, it would be a good thing for Russia and for developping crypto even more.
There really was an official statement by Sberbank yesterday. If you really really really need it I can find. But they stated as following - they have caused deficit in video cards supply due to their developments in the field of AI.
This is a huge step forward for sure. But in case of Russia, I wouldn't be so positive. Investors must be very careful when cooperating with the government.
China and the European Union have recently applied to Russia to crypto-currency on its territory. For this, Russia could have received about three billion rubles as a tax. Perhaps, within the framework of this project, such a free economic zone is created for the crypto-currency mining. In any case, for crypto currency is good news. Maybe, at least to prohibit its circulation after this will not.
Very good news, it just goes to show that crypto is here to stay and will only keep growing.
Russians are bad ass. Their bank Sberbank bought graphic card for AI development. hehe they will use it for cryptocurrency.
For AI they need different type of cards
For AI they need different type of cards
China and the European Union have recently applied to Russia to crypto-currency on its territory. For this, Russia could have received about three billion rubles as a tax. Perhaps, within the framework of this project, such a free economic zone is created for the crypto-currency mining. In any case, for crypto currency is good news. Maybe, at least to prohibit its circulation after this will not.
Mining is not illegal in many parts of the world including russia and china.
But russia is one of the first to regulate cryptocurrency which offered a trustable future for crypto based projects in the country.
That's why a large number of larger mining farms are emerging in russia.
But russia is one of the first to regulate cryptocurrency which offered a trustable future for crypto based projects in the country.
That's why a large number of larger mining farms are emerging in russia.
On November, 2017 Russian proposed to create free economic zone to produce cryptocurrency legally. They have plans to bring there powerful hardware for mining. Does not it mean that doing it Russia wants to run away from sanctions – dealing with crypto, they will trade with Europe.
What do you think about this?
What do you think about this?
Where did you find this information ? There are a lot of unfounded rumors about russia and cryptocurrency.
If it turns out to be true anyway, it would be a good thing for Russia and for developping crypto even more.
Well mother Russia is full of developers and the government has a big ego among the other countries. I wouldn't be surprised to see them pushing projects after projects. But still, countries like Estonia have taken a lot more measures towards digitization than Russia.
obviously this is very good for his country ,, we all know that russia is a country that has a pretty strong economic system, .. but with this legalization russia can build many business with crypto currency .. and this will bring bitcoin in safe point with prices are likely to reach $ 10-15k in this year ...
Do you believe that the Russians can do something clever? Lol. I saw the statement that the largest state Bank of Russia bought the GPU. He did it as active which caused shortage in the market. This means that they want to create their own cryptocurrency or just make for yourself on public money. What kleptocratic totalitarian state can be a free zone? 
obviously this is very good for his country ,, we all know that russia is a country that has a pretty strong economic system, .. but with this legalization russia can build many business with crypto currency .. and this will bring bitcoin in safe point with prices are likely to reach $ 10-15k in this year ...
Interesting move by Russia. They're perfectly entitles to do so and if the governments are doing it, this will help spread awareness in the long run. Will keep on eye on it
smart move for russia this project of them will eventually make crypto market much bigger and wider making it also much more legalised, then other countries may also follow Russia's move into cryptocurrency what a nice vision
Anyone can create their own cryptocurrency. Russia wants to do that is absolutely legitimate. We should encourage them to create a real and useful project for the world
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