Russia will regulate cryptourrencies - page 4.

roddy5

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Quote from: etraderhart on October 12, 2017, 07:21:15 AM

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

This is somewhat a good stand by the Russian government which might be favorable for Bitcoin but once they regulated cryptocurrency it will be somehow centralized in nature.

Lieldoryn

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Quote from: Viscera on October 20, 2017, 03:38:07 PM

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

What are you, a Kremlin propagandist? Not the people of Russia nor Putin is not proud of their country. How can she be proud of? Russia is poor, backward and aggressive country. Putin kept in power in order not to get into the court of the Hague. Until Russians will choose Putin, he will steal and never be allowed to use bitcoin. No dictatorial state which is loyal to bitcoin.

franco123

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Quote from: etraderhart on October 12, 2017, 07:21:15 AM

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

It is good to hear that Russian government is going on full support to Bitcoin and the cryprocurrenct market as a whole. However, I think this is gonna be hard for them on pursuing to regulate it. Bitcoin is not owned by Russia alone nor owned by any countrt. One of Bitcoin's primary objectice is to have a currency that is not regulated by the government. Also, given that it is an open digital currenct worldwide, having to regulate it takes the whole world to agree unless they create theirn own cryptocurrency

iamTom123

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Quote from: joseafonso123az on October 13, 2017, 11:01:27 AM

Lately there have been much speculation from Russia, some tell that it will get banned, other tell that it will get regulated but accepted. I believe that they will opt for the regulation of crypto, and I believe that many coutries will follow that, if Russia does. Russia has been a country that knows how to sustain their wealth, and now in what kind of things they should focus! Take an example of oil, Russians are leaders in that market! I think Russia won't take a decision that could make lose the potential that BTC might bring!

While Russia is not yet a big player in the Bitcoin market, this got the potential to partly replace what we lost in China. However, it seems to me that the government lead by Putin could not definitely decide on the path to follow on the issue of cryptocurrency. I am sure they are aware that right now this same industry has been good to many Russians. I have seen many Russians involved in many ICO projects and these people should be making a lobby with the government of Putin to work with Bitcoin/cryptocurrency for the benefit of the country and should not just limit their mindset in introducing their own CryptoRuble instead (well they can introduce their own cryptocurrency but should also open up for Bitcoin). I am expecting that by next year we would finally see the final answer coming the Russian government on this matter.

Viscera

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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

Marucya

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However, after such optimistic and encouraging information, there was a message that Russia is going to issue its own crypto currency, a cryptorable, which will be issued by the state, and not produced and will be fully regulated. The cryptoround will already go with an integrated 13 percent tax on profits. Proceeding from this, the decentralized crypto currency will be subject to a certain pressure.

Quetzalchel

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Quote from: rjbtc2017 on October 12, 2017, 08:37:11 PM

This is confusing, i read an article like yesterday states that Putin criticize bitcoin and other cryptocurrencies and now here is the article stating that Putin is open on cryptocurrencies, I do not know what is the real news now. Anyway, if this turns out to be true then Russia knows that they can builda big mining facility specially with their low electricity rate. Regulation is indeed what Government at least can do with cryptocurrency to monitor the possible illegal activities and also SCAM Icos.

1) Yes, Putin criticized cryptocurrencies. He said that cryptocurrencies now mainly used for illegal activities.
2) I am sure that Putin wants to create something useful based on blockchain.
3) Government needs no mining facility. They simply will create needed amount of cryptocurrency :)

matuson

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Quote from: savushkinTA on October 13, 2017, 01:34:36 PM

Quote from: cardinalVC on October 12, 2017, 08:21:07 AM

Putin has aways been interested in Bitcoin. Ever since it went mainstream, he knew Russia would be amongst the top countries in the crypto community.

But now Russia is not in the top

Russia was never a trend. The economy of this country is very backward and a small number of people may not have a significant impact on the global economy. Attempts to regulate use of bitcoins have an impact only on the domestic market. Putin is not beneficial to Russian lived in abundance.

savushkinTA

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Quote from: cardinalVC on October 12, 2017, 08:21:07 AM

Putin has aways been interested in Bitcoin. Ever since it went mainstream, he knew Russia would be amongst the top countries in the crypto community.

But now Russia is not in the top

Lancusters

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I wonder how the Russians are going to do it? They can only control the ruble which does not need anyone. Then the users of bitcoins will change the bitcoin to dollar beyond the influence of Russia. I really want to see how Putin will abandon investment in the country. It's amazing how there are those who support this rubbish.

joseafonso123az

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Lately there have been much speculation from Russia, some tell that it will get banned, other tell that it will get regulated but accepted. I believe that they will opt for the regulation of crypto, and I believe that many coutries will follow that, if Russia does. Russia has been a country that knows how to sustain their wealth, and now in what kind of things they should focus! Take an example of oil, Russians are leaders in that market! I think Russia won't take a decision that could make lose the potential that BTC might bring!

saliha

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good idea

Gloria_16

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That feeling when officials secretly trade, but want to ban this ordinary people...

Lampaster

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How do you have so much pessimism? Now the government allows us to use bitcoins? It does not prevent me absolutely. My approach to this so that I do should be for the government. The government should be for people. If it does not fulfill its obligations that I just ignore it. To Putin had the right to demand something, he must stop stealing. I don't live in Russia but if my government ban bitcoin I will not stop using cryptocurrencies.

TravelMug

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Quote from: audaciousbeing on October 13, 2017, 03:36:51 AM

Quote from: etraderhart on October 12, 2017, 07:21:15 AM

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

This will be the direction of every country in the world by the time they understand the truth about bitcoin and crypto currency that not everyone engaged in it is using it for either money laundering or fraudulent activities but its the next phase of what the future financial system is going to be and the people are wanting to be part of that future. The option left for government is to ensure that the rules of the game is not subverted and doing that means there is need for regulations.

Wow. Putin stepping in to quash the idea of their Central Banks banning bitcoin in Russia. Is this another reason why we see the price going up today? I hope so that this will be direction of each and every country in the world. Bitcoin has been attached with a lot of negativity that every nation now thinks that bitcoin and cryto's are a bad thing so outright banning is necessary. We must admit there are really unethical people that is taking advantage of how bitcoin was design. However, it can still be outweighs on how most of us are using it. Regulations will be fine I guess, as long as the government will let their community used bitcoin for purposes of investing and earning. Though I tend to be skeptics about Russia and take everything with a grain of salt, I will let this pass and see how it goes with Putin stepping in.

audaciousbeing

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Quote from: etraderhart on October 12, 2017, 07:21:15 AM

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

This will be the direction of every country in the world by the time they understand the truth about bitcoin and crypto currency that not everyone engaged in it is using it for either money laundering or fraudulent activities but its the next phase of what the future financial system is going to be and the people are wanting to be part of that future. The option left for government is to ensure that the rules of the game is not subverted and doing that means there is need for regulations.

freebutcaged

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Quote from: btc-facebook on October 12, 2017, 10:25:12 PM

It's a good news , I can see why bitcoin value escalate so fast recently.
I can feel that bitcoin is in good phenomena because it want reach another fork just like BCH before , people are owning bitcoin as much possible and afterward we can see massive dump !

Massive dump like the last massive dump? people wouldn't dump mate. Russia regulating mining has nothing to do with Bitcoin forks, Bitcoin gold fork

Has nothing to do with the price, investors are trying to get a head of the future. there is a reason for Bitcoin to fork, upgrading the code and improving

Last upgrade or soft fork had good impact on the performance. I'm not buying for gold. I'm buying for profit. there is no other coin like Bitcoin with the

Same market to profit by trading with no added requirements.

btc-facebook

legendary

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It's a good news , I can see why bitcoin value escalate so fast recently.
I can feel that bitcoin is in good phenomena because it want reach another fork just like BCH before , people are owning bitcoin as much possible and afterward we can see massive dump !

freebutcaged

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They want to regulate mining? they planned this for years, I doubt it to be a new strategy. all they can do is to centralize Eth mining by regulating it

But good luck with regulating Bitcoin mining, most Btc farms are in China where Putin has no power. if people start going underground to mine altcoins

Governments will have a new problem. they might record the shipment manifests to see the destinations of GPUs. if you are buying them better to ship

Them some where else and pick them up yourself.

rjbtc2017

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Quote from: etraderhart on October 12, 2017, 07:21:15 AM

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

This is confusing, i read an article like yesterday states that Putin criticize bitcoin and other cryptocurrencies and now here is the article stating that Putin is open on cryptocurrencies, I do not know what is the real news now. Anyway, if this turns out to be true then Russia knows that they can builda big mining facility specially with their low electricity rate. Regulation is indeed what Government at least can do with cryptocurrency to monitor the possible illegal activities and also SCAM Icos.

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