Bitcoin Forum

Russian lawmakers are working on amendments to the civil law aimed at legalizing ICOs, according to Vedomosti, one of Russia’s largest newspapers. Discussion of the amendments has already begun by an interdepartmental working group under the State Duma, which has been assessing the risks of cryptocurrency use in the nation.

Read more (https://news.bitcoin.com/russia-legalize-icos/)

2018.
Putin turns Russia into a blockchain nation.
Shills ETH.

What is the meaning of decentralization than.

Meanings change depending on who means them.

any source?

Wow! Waiting for these changes! :)

Really strange move coming from Russia given that a large number of ICOs are plain scams. Lets hope they have an idea to go about it and not let 'fake ICOs' run away with the raised money.

I don't think they'd care. Being the world's largest nation to adopt blockchain would be worth the occasional fake ico

Freee money laundering trough ICOs. Under supervision of the leader of russian federation

Decentralization and legalization aren't mutually exclusive. Just because its legal doesn't mean the state is controlling it though they obviously do with regards to exchanges.

Countries that will least regulate crypto will profit most on long run.  "Legalizing" might or might not be a step forward in this direction. I am afraid most countries understand "Legalizing" as taxation and control.

The legalization means if the government try to implement the rules to the ico. I think that will be strict the ico to decrease the risky for the investors. I don't agree to involve the taxation in this area.

In Russia so long as ICO's don't scam Russians then they are perfectly legal.

Russia is like a criminal's playground. So long as they behave within Russia a blind eye is turned when they scam people from other countries.

Well, it could be great a news for those investors who will likely to support the ICO projects. I think if the Government is trying to control the bitcoin by putting some taxes it could help to the investors and at the same time it could be very strict to the ICO teams. I think legalizing should not add some taxation to those ICOs.

Good news for the ICO projects form Russia. BTW, the SONM is also a Russia project but recently the SNM coins dumps a lot. I hope this news will a good new to this project.

Do u really think so? Russia is very complictated country :D :D

I can't wait to see how this works out.  :D

I never think Putin will let Russians to use this crypto currencies freely. Russia has a close economy which the government has an intense control over people.

LOL, then i have no ideas in which government you live in Cuba maybe. All governments I been lived in mainly care about collecting taxes to pay for their repression machines.

i think they are like this, "if you can't beat it join it", because they can't do nothing so it's betetr to legalize it, maybe they could earn some on taxes by also regulating ico, they are planning to do that after legalization

I think if kind a little fake , at least thats what some important lady in russian goverment/crypto investigator/specialist said

From one of the original articles in Russia:

"The working group at the State Duma is discussing the law on investments in the crypto currency, Vedomosti writes. According to market participants, the legalization of the crypto currency in Russia is able to help large companies and small businesses that need investors. If the law allows for minimal costs and costs for crypto-currency transactions in Russia, this step will become a springboard for the Russian economy's take-off."

http://www.vestifinance.ru/articles/88437

Basically it's nearly impossible to attract foreign capital into a corrupt economy. The russians have realized that at least for the time being ICOs are useful in drawing money out of the hands of inexperienced investors. They want to take advantage of easy money while they can.

Fee I wonder why ? Could it be the amount of scammers that come from Russia ? Never !!  :o

Anyone can write an article online about anything. Where does this come from and why should we believe it ? Also crypto was always legal so what bs is this. People hear the word legal and they think its good. Legal doesn't always mean right same as illigal doesn't always mean wrong. This article is wrong in so many way.

The reason for this because they want a piece from pie.Like @JasonXG said legal doesn't always mean it's the best thing.I'm sure tax officers  will be very busy in future.

It is their country's policy we are obliged to respect it,
Seems to be popping up another coin

ICOs might not be the same again! there are certainly... less good news when government involves in regulation, i mean for investor

I think the man behind this rise is Sasha Ivanov. I remember that he said in a very strange and cryptic message on his Telegram feed that Russia may become the home of crypto-currencies, and that it might be its destiny. If this story is true, that would be of course another clever move from Putin.

successful ICOs make government wanting to tax on such business, exchange using fiat is also taxable by government, so legalising coins is something unavoidable. I wonder how much government could get from legalising crypto coins though, as they are outlaws and hard to trace just like the dark web.

I actually believe there'll be hundreds of books written about this time in history.  The US use to be known for freedom, capitalism, innovation, and prosperity.  Detroit use to be the center of the auto industry, Texas the center of oil, and San Francisco the center of technology.  I do not believe anywhere in the US will be the center of the new disrupter; blockchain and cyrpto-currencies.  It's amazing to see how hostile US regulations are to all of this, and I believe a new wave of prosperity will come to the countries that figure out how to harness it.  Just as Detroit still tries to hold on to its dying industry as everything crumbles down around them... I believe the same will happen to Silicon Valley.

Source?

If this is true, then it's a huge win for the industry in helping pave the way for other countries to adopt.  Additionally, strengthens consumer confidence for all cryptocurrency.  News like this can help boost current prices.  I'm sure the community would love to see a news source if you can provide it.

Before legalizing, I think the very first step is to identify and implement a form of regulation.
It seems Waves platform and Deloite are working together in this direction:
http://wavescommunity.com/deloitte-and-waves-platform-to-shape-the-future-of-blockchain/ (http://wavescommunity.com/deloitte-and-waves-platform-to-shape-the-future-of-blockchain/)

Source? Try clicking on where it says "Read more"

So I could release risks for us, when ICOs are legalized, there could be some other scam ICOs, we, Investors, will be the first to get risks from that.
Do you think so?

Oh I missed that... sorry.

But are ICO's illegal in Russia now ???

I think they are just unregulated

I don't think so, when Russia legalizes ICOs, they will have laws for ICOs, scam ICOs will not be so common so that we don't need to worry about being scam on investing in ICOs.

I think that is the best thing to do for now since many ICOs have Russians in their teams. However, I think there is a mechanism needed to somehow regulate or put some rules as regards ICOs. There are way too many of them and some are outright scams. Some are really looking fair but are still scams.

Lots of countries moving towards legalising bitcoin but there should be proper KYC has to done before transactng bitcoin in russian territory ebven other countries like south korea, india , Kazakistan and still more countries counting.