Russian Goverment Welcome Cryptocurrencies

Senkuli

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Quote from: TTITA on October 30, 2017, 10:14:27 AM

This could be good or bad news for some exchanges and miners on Russian.
Because the policy of a country will certainly limit some of your activities in the transaction.
in this case the central bank was included to monitor your financial activities.

Quote

Russian regulators announced that cryptocurrencies will officially be regulated in Russia
“Russia’s Finance Ministry supports the idea to limit the amount cryptocurrency that can be purchased by individuals,”

Source : http://www.altcointoday.com/putin-confirms-russia-will-regulate-cryptocurrencies

it could be a good news for people who are active in bitcoin, may other governments can issue policies on the use and development of bitcoin in each country.
we can only pray and hope that each state government can quickly establish the rules about the bitcoin so that all of us who are active in bitcoin world can be comfortable and calm in their activity.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

A large part of the Bitcoin users in 2010-2012 were from Russia and the other CIS nations. But Russia gradually lost its dominant position when Bitcoin became popular in countries such as China and South Korea. I just hope that the new measures will help them to regain their previous position.

TTITA

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Quote from: felix007kr on November 01, 2017, 03:32:39 PM

There are now unendless debates in the Russian Parliament about means of regulating ICOs. From one perspective we talk about unprecedented inflows of money that cannot be entirely traced. On the other hand we have plenty of developers consulted by Vitalik Buterin who have plenty of ideas based on the blockchain that are ready to be implemented ASAP.

This is what makes it interesting. Transactions that occur in ico's or crypto currency is certainly very large. While big countries like Russia still not had a sure way how to manage the entire traced all transactions.
If it is based on the desire of a country to be able to oversee all the financial transactions of its citizens, then it is back again like a system like a conventional bank. Where freedom of person in transactions is limited.

felix007kr

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There are now unendless debates in the Russian Parliament about means of regulating ICOs. From one perspective we talk about unprecedented inflows of money that cannot be entirely traced. On the other hand we have plenty of developers consulted by Vitalik Buterin who have plenty of ideas based on the blockchain that are ready to be implemented ASAP.

Masha Sha

sr. member

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fighting digital russia now? since snow is falling and the only warm place is close to a machine? lol. there is no way to win.

Lampaster

sr. member

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It seems to me that such topics are written by people not familiar with the subject. Call at least one Putin's decree which would confirm your words. This is not and never will be. Now Russia suffers from a lack of investment and perhaps Putin wants to create his own cryptocurrency. But it is fully controlled by the government and it will be just an electronic form of Fiat. It will be only Russian who have no money.

Masha Sha

sr. member

Activity: 560

Merit: 252

please who cares, they have gone on like this... one day yes, next day no then reverse and repeat... who cares... they can't do anything anyway, ahh yes they can, make the systems even more resilient with their "attacks".

Mometaskers

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As long as they limit "regulations" to KYC and maybe how much can be converted to fiat (since they are the ones printing those they do have a say), I think regulations would be fine. Though it would also help if assets in cryptocurrencies are non-taxable since there is some degree of risk getting into it.

invot

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Interesting news, hopefully more countries joins this kind of state policies around the world. Of course, in a very positive and productive way for the society and industry

Justin Biebers

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This mean sthat crypto is being recognized by Vladimir Putin, the most powerful and influential politician on the planet.

buytheeffinD

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The revolutionary AI gaming ecosystem

I mean of course this much should have been known a few months back when Russia was meeting with ETH head. Now it is confirmed you can be sure that one of the world leaders will not let cryptos go down and it only makes

me more confident of the choices I made getting into cryptos.

TTITA

full member

Activity: 378

Merit: 100

Quote from: Nalbo on October 30, 2017, 05:11:44 PM

We cannot imagine a stateless society anytime soon. So, it's better for the blockchain tech to operate under regulations until we figure out better option for the state and government.

Exactly, the participation of the government is still in good taste as long as it does not limit its citizens to be able to have freedom in managing their own finances.
The presence of the government in discussing the regulation of what will be built to overcome this. certainly needed support support from his own citizens.
Back to past, for some countries which had blocked bitcoin transactions in their country could be more open-minded in this case, would be better.

Nalbo

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We cannot imagine a stateless society anytime soon. So, it's better for the blockchain tech to operate under regulations until we figure out better option for the state and government.

dushan

newbie

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Russia ia always touch this i mean crypto but it s i thing good news its my peraonal mind

DamCryp

full member

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It'd say short term that is definetly going to limit growth and might kill several Russian start ups, as some have said, a lot of regulations imposed in an industry at such an early stage might set it back a couple of years, still in the long it's good news, they are accepting the importance of cryptos and are seeking to protect the public but mainly the case for the russian govt, advance in what they now perceive to be an important and world changing new tech.

TTITA

full member

Activity: 378

Merit: 100

This could be good or bad news for some exchanges and miners on Russian.
Because the policy of a country will certainly limit some of your activities in the transaction.
in this case the central bank was included to monitor your financial activities.

Quote

Russian regulators announced that cryptocurrencies will officially be regulated in Russia
“Russia’s Finance Ministry supports the idea to limit the amount cryptocurrency that can be purchased by individuals,”

Source : http://www.altcointoday.com/putin-confirms-russia-will-regulate-cryptocurrencies

Topic: Russian Goverment Welcome Cryptocurrencies (Read 370 times)