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Topic: Russia will regulate cryptourrencies - page 2. (Read 3474 times)

sr. member
Activity: 434
Merit: 255
Live cams shows pimped with cryptocurrency
November 12, 2017, 07:54:17 AM
#69
Since Russia is one of the leading country with It's President RPRD.PUTIN, when time comes that bitcoin in Russia is regulated Then This Will be The Start of Accomodating Bitcoin Throughout other Country.  But, Saying That Russia will be Dependent of crypto currency with mining of it, that is not the Real Point. Mr. PUTIN knows how to check and balance, He Knows That Crypto currency will also help to the Progress of Economy of Russia.  Central banks Are Always Insisting to Implement about banning Bitcoin, Because if Bitcoin Will Be Regulated They Will Slowly Disappear.
Why do you believe Putin? You seriously think that banks in Russia are voicing their independent opinion? Lol. I am 100% sure that banks Express the official opinion of the Kremlin. Putin will never allow that Russians had freedom. Only dependent people with the mentality of slaves can so blindly believe and obey all these crazy ideas of its tyrant.
full member
Activity: 420
Merit: 171
November 12, 2017, 07:15:19 AM
#68
Since Russia is one of the leading country with It's President RPRD.PUTIN, when time comes that bitcoin in Russia is regulated Then This Will be The Start of Accomodating Bitcoin Throughout other Country.  But, Saying That Russia will be Dependent of crypto currency with mining of it, that is not the Real Point. Mr. PUTIN knows how to check and balance, He Knows That Crypto currency will also help to the Progress of Economy of Russia.  Central banks Are Always Insisting to Implement about banning Bitcoin, Because if Bitcoin Will Be Regulated They Will Slowly Disappear.
sr. member
Activity: 364
Merit: 250
November 12, 2017, 02:13:16 AM
#67
The president of Russia really know how to run things. It's a good decision that he did not ban bitcoin that can help economies to improve more. Regulation is also a good move which will prevent a lot of scam ICO's so we'll see on which are the real cryptos.
legendary
Activity: 1148
Merit: 1048
November 10, 2017, 10:05:07 PM
#66
After a meeting last Tuesday among Russian President Vladimir Putin with the Central Bank of Russia, he said that the Central Bank should avoid making hasty 'ban' decisions about digital currencies.

He also said that the government will work together with Vitalik Buterin and the Ethereum platform to improve the government's system.

Now, authorities say that bitcoin and other digital currencies will be legally regulated from exchange to mining.

"We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulation…The state should head this situation and regulate it legally." -Anton Siluanov, Finance Minister of Russia.

See here: https://news.bitcoin.com/putin-confirms-russia-regulate-cryptocurrencies

i will stop and applaud the approach that Russia is using towards cryptocurrencies (obvious aml/kyc regulation, but a studied hand towards other aspects of regulation). with that being said, they dont have too much of a choice at the moment. the sanctions they are under are crippling that economy, they seriously need a way to subvert those sanctions, it wouldnt be wise to ride the ship all the way underwater. since all this Russia election fiasco is still a work in progress, we can safely assume that sanctions are not going to be lifted any time soon; in fact odds are the level of sanctions will increase (observe the North Korean situation).

what better way to avoid international sanctions than embrace bitcoin, a borderless currency, or i dunno, make up a brand new state issued crypto?

in Russia, bitcoin mine you  Wink
newbie
Activity: 32
Merit: 0
November 10, 2017, 02:00:27 PM
#65
Vladimir Putin is smart man so i think will use bitcoin to make Russia great because price not depend on dollar
member
Activity: 378
Merit: 12
November 10, 2017, 12:36:18 PM
#64
They are still uncertain about that don`t have enough law base to do this so now isn`t a time to think about this, everything can still change
hero member
Activity: 1400
Merit: 536
November 10, 2017, 12:33:37 PM
#63
Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.
I have not heard from Russia about legalization of BTC, but I heard that you support etherum and etc. I think Etherum could lose this competition again.
sr. member
Activity: 630
Merit: 272
November 10, 2017, 06:43:36 AM
#62
Allowing of bitcoin is good for any country i think. But it will be intresting to see how they will regulate it.
Let's be honest. Putin will never allow free circulation of cryptocurrency in Russia. The state economy is not adapted to the use of cryptocurrencies. Russia's economy is in terrible condition. It may not compete with bitcoin. And of course the freedom of citizens is not in the interest of the despot Putin.
copper member
Activity: 126
Merit: 10
November 10, 2017, 06:23:37 AM
#61
Allowing of bitcoin is good for any country i think. But it will be intresting to see how they will regulate it.
member
Activity: 154
Merit: 10
November 10, 2017, 03:57:41 AM
#60
After a meeting last Tuesday among Russian President Vladimir Putin with the Central Bank of Russia, he said that the Central Bank should avoid making hasty 'ban' decisions about digital currencies.

He also said that the government will work together with Vitalik Buterin and the Ethereum platform to improve the government's system.

Now, authorities say that bitcoin and other digital currencies will be legally regulated from exchange to mining.

"We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulation…The state should head this situation and regulate it legally." -Anton Siluanov, Finance Minister of Russia.

See here: https://news.bitcoin.com/putin-confirms-russia-regulate-cryptocurrencies

Russia is a big country in which one of the strongest nation in talking of economics and power. Regulating the bitcoin and other digital currencies will ensure that their being one of the super powers will not be ruin and a good move of protecting their people interest against fraud and illegal activities that might put their country at risk. Russias move is better than banning the digital currencies perhaps this is one of the reasons that bitcoin is now overwhelming because of the affiliation of Russian investors.

A bit old news (12 of OCT). check the latest news about banning pages and etc.
newbie
Activity: 37
Merit: 0
November 10, 2017, 01:56:05 AM
#59
Russia learn from china that ban can’t effect in bitcoin ,so that they start to support it (Virtual money)and may be start them own one
sr. member
Activity: 1540
Merit: 255
November 09, 2017, 11:07:55 PM
#58
Russia is going to regulate a cryptocurrency as quickly as it can. it will help the other nation to familiarize cryptocurrency, but for sure Putin will do his best to make his country proud and to help their economy boost, a lot of investor will encourage to join a business venture to their country

Yes, if they do lot of other countries will follow their rules and regulations. Off course each country has it' own rules and regulations but many government are still dilemma whether to legal them or not because if it is good it will improve their economic growth, otherwise it will effect badly.
hero member
Activity: 2870
Merit: 594
November 09, 2017, 07:45:13 PM
#57
I agree with some of the comments here, we don't need to be experts, Russia being a authoritarian regime wouldn't let like bitcoin or crypto's to be assimilated with their citizens because its decentralized. And as far as their announcement, I haven't seen anything concrete yet, no even the bitcoin mining they said that they are going to put somewhere. With that said, I believed that Putin would not allow bitcoin or crypto's in Russia, not even Vitalik could change Putin's mind on it.
legendary
Activity: 3080
Merit: 1353
November 09, 2017, 07:09:05 PM
#56
Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

I'm with you here. Russia specially with Putin still at the helm and total control of everything, won't simply allow crypto's to flow on their country for the simple reason that its decentralized. So that take everything with a grain of salt the word coming from their government. You can't really trust them because its like they are just talking to look like they are friendly to cryptocurrencies. But beware they are not in my opinion.
I think that now the FSB gathers information about all users of the cryptocurrency. I have a friend living in Russia and he said the police and the FSB identified the arrested miners and their equipment. The courts give them the fines are impossible to pay. Traders of the cryptocurrency accused of occupation currency transactions without a license. Who will give the license if bitcoin is not recognized currency?

Wow is this true mate? They have arrested them because they are mining? This country is really fuck up, how can you get arrested for simply doing mining? And with all the announcement and news coming from they saying that they are going to regulate it, I have no doubts that they aren't going to do it. Well, in the beginning I always said that we need to take a grain of salt anything they say about cryptocurrency because they always keeps changing their stance on it. But with your confirmation that they arrested some miners, my assumptions becomes valid. I am right all along. So let's forget about Russia already, its all propaganda and lies. Sorry to break the bubbles to everyone here still thinking that cryptocurrency will be their thing next year. It won't happened.
full member
Activity: 658
Merit: 152
November 09, 2017, 06:46:58 PM
#55
They are just afraid that they can't control the currency, afraid of knowing nothing
They can control crypto, but they used to delay with accepting of necessary laws. But I think the fear has place to be in Russia. Firstly different scam schemes based on crypto are blossoming there. Second crypto is destroying banking system in the country. And the third would be the cheap price of the national currency which are making people with big amount of coin automatically rich and the government usually doesn't like such luckies, cause of without laws they can't take their % from digital profit.
hero member
Activity: 980
Merit: 509
November 09, 2017, 05:36:52 PM
#54
I'm happy to hear that. It's a good news for Russia. Cryptocurrencies will help their economies, unemployeement, investors etc.
My country not yet regulate cryptocurrencies. I hope one day my country will regulated cryptocurrencies like Russia!
sr. member
Activity: 536
Merit: 250
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November 09, 2017, 04:56:03 PM
#53
After a meeting last Tuesday among Russian President Vladimir Putin with the Central Bank of Russia, he said that the Central Bank should avoid making hasty 'ban' decisions about digital currencies.

He also said that the government will work together with Vitalik Buterin and the Ethereum platform to improve the government's system.

Now, authorities say that bitcoin and other digital currencies will be legally regulated from exchange to mining.

"We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulation…The state should head this situation and regulate it legally." -Anton Siluanov, Finance Minister of Russia.

See here: https://news.bitcoin.com/putin-confirms-russia-regulate-cryptocurrencies

Russia is a big country in which one of the strongest nation in talking of economics and power. Regulating the bitcoin and other digital currencies will ensure that their being one of the super powers will not be ruin and a good move of protecting their people interest against fraud and illegal activities that might put their country at risk. Russias move is better than banning the digital currencies perhaps this is one of the reasons that bitcoin is now overwhelming because of the affiliation of Russian investors.
newbie
Activity: 17
Merit: 1
November 09, 2017, 12:57:04 PM
#52
Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

I'm with you here. Russia specially with Putin still at the helm and total control of everything, won't simply allow crypto's to flow on their country for the simple reason that its decentralized. So that take everything with a grain of salt the word coming from their government. You can't really trust them because its like they are just talking to look like they are friendly to cryptocurrencies. But beware they are not in my opinion.
I think that now the FSB gathers information about all users of the cryptocurrency. I have a friend living in Russia and he said the police and the FSB identified the arrested miners and their equipment. The courts give them the fines are impossible to pay. Traders of the cryptocurrency accused of occupation currency transactions without a license. Who will give the license if bitcoin is not recognized currency?

It's true. Information FSB transfer ISP under the threat of loss of license.Thor and VPN prohibited, people using them fall under the category of extremists(which means imprisonment or a huge fine). Plus 1/4 of the population of large cities is the police.
sr. member
Activity: 476
Merit: 254
November 09, 2017, 10:30:57 AM
#51
I will say Russia is moving in the right direction through the process of regulation which is something that will happen afterwards whether we like it or not. Rather than going through the route of countries that are throwing bans here and there without even understanding what the whole bitcoin and the blockchain is all about. I am open to things like this so far its going to bring sanity to the crypto space without any limitation.
member
Activity: 154
Merit: 10
November 09, 2017, 08:33:56 AM
#50
They are just afraid that they can't control the currency, afraid of knowing nothing

You can't say that they do not know nothing. I think the biggest part of running/upcoming ICOs are from Russia, Vitalik Buterin (Ethereum) is also Russian. They are really good at this, but, as I think, the government do not have contact and  with them.
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