The Putin Effect | Bitcointalksearch.org

BingoDog

hero member

Activity: 658

Merit: 505

Quote from: Pab on September 10, 2017, 12:08:00 PM

First China didnt leave crypto and Russia,only selected investors will be permited to trade crypto.Putin and Co is only interested in money laundering,look what is happening with russians ico's

Yeah, that smells like money laundering. Anyway, you can never now with Russia, it's like they can't decide whether they want to ban the bitcoin or to allow and regulate it. But it's for sure there is always some kind of game behind and definetely something that russian government will have use of.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Russia is hopping back and forth between banning crypto and embracing it, for me it even looks like an attempt to manipulate the market, although it seems to be not as successful as the classic "China bans Bitcoin". Don't trust what Russia says, they can always change their mind, and for now they are just waiting and trying to figure out how to benefit from crypto in the best way. Also, if you read you news from some sites, it's very likely that they are nor fresh and are already priced in, whales have much better sources and make their moves before the public hears about it.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

even since Japan regulated bitcoin, Russia changed their long stance about bitcoin and have been planning on regulating it the same way. this is a good news and it will continue happening with all the rest of the countries sooner or later.

the government can never ever ban bitcoin so they have to regulate it in order to manage its usage better, and probably tax it easier like what IRS has been doing for years.

Pab

legendary

Activity: 1862

Merit: 1012

First China didnt leave crypto and Russia,only selected investors will be permited to trade crypto.Putin and Co is only interested in money laundering,look what is happening with russians ico's

CryptoBry

sr. member

Activity: 1008

Merit: 355

Just announced hours ago, the Russian government would be allowing Bitcoin along with other coins to gains some legal status under a strict regulation to be implemented by the government. This comes after the bad news from China. And we are hoping that the market can be reacting positively with this development as Russia is also a big country with a big potential to be a major player in the cryptocurrency market similar to Japan and South Korea.

Let's see how the Putin Effect can influence the movement of Bitcoin from here on. I am sure that this will indeed be a very welcome development. Do you think Russia has the influence to fill the void left by China, for now?

Topic: The Putin Effect (Read 393 times)