Bitcoin Forum

We all know that cryptocurrency and Russia have contradictory relationships.

Russia seeking for the way how to regulate cryptocurrency, for example, some of Russians officials claim that bitcoin and cryptocurrency should be considered as "goods" and not a "currency". Also, they banned well known Russian media about cryptocurrency. They still don't want to legalize Bitcoin explaining that this currency is used for money-laundering and illegal business.

On the other hand, there are a lot ICO campaigns in Russia. Almost every week the crypto and blockchain events are organized. And Russian crypto community is quite big. There is project I also represent. So that is why it is very important for me.

Do you believe that one day Russian government will legalize Bitcoin and join cryptocommunity?

It could have happened, everything is not impossible, it is true that Russia has contributed since this year to cryptocurrency and many more, I think the country will be slow in years to legalize Bitcoin and will most likely join the crypto community around the world. .

I think Russia likes the technology and really wants to implement it, but can not do it with the current crypto currencies because they can't handle tax on it. It's a problem for a lot of countries but Russia took action immediately by banning the whole thing. If they would find a solution for it, there is a change that they unban the coin. But I think chances are bigger that they will just invent that own regulated coin and implement it in the society. I read somewhere that they already found a crypto currency that they will use as a substitute of Bitcoin.

Seems like no, the Russia government prefer to create their own crypto currency, according to them it is easier to control it and of course the governments is going to regulate it,  so in the future I don't think the government is going to accept Bitcoin or any other ICO

Well, Russia is a country that doesn’t have a large economy a country which is controlled by predominantly one party in government. This party, Putins Party, wants control over everhthing in the country and doesn’t want to lose the profits they’re able to extract from the country

Bitcoin is a problem for them, I see it being regulated very very soon!

Do you trust russian ICO projects?

Putin is now cornered like a rat. He will never make a step which is aimed at weakening its power. In Russia at the power that the KGB will never be legalized cryptocurrencies. I am sure that this right will only have those who belong to the caste of his friends. All other Russians will be put in jail for using bitcoin.

Any form of government wants control of all things that go on in their country. You have to also look at it from their perspective. With tons of ICOs going on, more and more people are also getting scammed by them. Those people then complain to their government about it since it is their purpose to protect it's citizens. This is why China banned ICOs, zillions of people got taken by ICOs and the complaints kept piling on, before losing too much face about it the government has no choice but to regulate and since it cannot on crypto the next best thing is to ban it. More and more ICO bans will start happening around the world due to this.

All that aside, I also agree that bitcoin should be considered as a good and not a currency. You can't go to your local supermarket and try to pay with real gold either. Certain things should remain as goods only. Unless we get into so much progress and advancement that one can pay instantly with bitcoin, then it will be the new form of currency.

   I saw the press release about ICO regulation in Russia today. Representative of Russian Central Bank Olga Skorobogatova said: "We plan to regulate ICO projects similar way we regulate equity investing today. For that purpose we plan to define new terms in legal framework".
   She said much, she sees ICO regulation similar to IPO regulation, thinks to register miners to make them pay taxes ect. I dont think they plan to make cryptocurrensies equal to fiat money, they would rather consider them as value digital investments. So they are making some steps in regulation direction

I heard some rumors about Russian governments being friendly with cryptocommunity as they are pretty established and could as well bring anonymous wealth and lots of entrepreneurial opportunities among their people, being soft on ICOs is one of the way as it just a way to get funds across the globe, also there are several companies shifting their manufacturing heavily on mining equipment and that's another green light on cryptocurrency, maybe they are preserving cryptocurrency as a whole for those communities but still stay a clear line between promoting them publicly as the consequences within a centralized government is obvious.

As far as i've heard, Putin recently said that Russia will legalize crypto, even though central bank doesn't want to agree with that.

ICOs and crypto are very popular in Russia, most of succesfull projects are from Russia so maybe soon this country will become really progressive in this area and will be a 'heart' of crypto and ICO, why not?

Bitcoin and Russia are not in good terms before. But I saw on the news that bitcoin is now legal in that country. But the Russian government considered some restrictions so they implemented different rules and regulations about the use of bitcoin. For me, that is already good as long as it is not banned.

That really depends on who is in control of it, as cryptocurrencies doesn't have to be decentralized.
If they create a coin that they are able to control, than it wouldn't weaken his power but either increase his power.
Then I think it's possible to legalize that particular cryptocurrency.

I do not know much about Russia. But there they prohibit protests, they block access to sites. Putin holds all power in his dictatorial hands. The principle of bitcoin is freedom. Russia will not allow the currency to develop without their control. Control bitcoin - lol.

I'm getting fucking bored of Russia's never ending flim flamming.

One day it's the greatest thing ever, next day they're going to slit the face of every crypto user in the land.

Let's wait for some actual laws and then judge. Until then they can french kiss my sphincter. I've no more interest in what comes out there.

It's like a situation where they don't like it but they will have to accept it in future and they know this, blocking BTC won't bring anything good for them.

I think is naive to think that Russia will legalize crypto in the nearest future.
It´s just used for money laundry

Dont agree with you in 100%  to your mind - countries which already accepted bitcoin also used for money laundry?

Bitcoin in Russia is going to be legalized. However in last years there is problem with freedom. Let's hope that Putin won't make taxes for wallet owners and won't kill freedom of mining.

Who can really say for sure? They've been very contradictory in my eyes. Their first statements were quite supportive and enthusiastic about the technology, then they came out with their plans for their own digital currency and all of a sudden, criminals using Bitcoin is a concern.

Russia is pretty authoritarian though. They even have internet censorship in place, so Bitcoin being outlawed amidst criminal use concern is likely to be in the cards.

The development of bitcoin is indeed not accepted in all countries, many countries which until now still do not know about bitcoin, but for russia, I'm sure one day the Russian government will use bitcoin.

Well, in my own opinion, i thnk this is really possible to happen. Because it is obvious that Russia itself is very fond of the technology but just cannot allow it yet because of all the danger of illegal things being done inside Russia. Or maybe they are just studying the technology and are planning to create their own crypto currency that they, themselves can control and regulate. That is just my speculation though.

well... may be you are right *sigh* but i still hoping they legalize it

Yes, I do believe that the Russian government will legalize Bitcoin eventually. They have no other choice unless they want to be like North Korea, isolated from the rest of the world. There is a strong Bitcoin community in Russia and I'm sure some of those guys have ties with the government.

Now many people are convinced that Russian ICO projects, as a rule, are fraud. Many in this forum say that they will never again participate in the ICO if there are Russians in its team. The Russians in ICO themselves have compromised.
    As for the crypto-currency crisis in general, the situation in Russia is not good either. Representatives of the authorities say one thing, but they do something else. And even their statements about the crypto currency are contradictory.

Eh. Very disappointing to hear. You are always hoping that your country is doing well. However, there are good projects in Russia

Russia will be second to China in crypto

It's a natural fit, there will be more miner in Russia, with access to power

Russian Math&CS ppl are the best in the world, so they can work together on BTC 2.0

They will smash the 'criminal-shit' ICO biz, just like China did,

We hear that Buterin (ETH buttboy) recently met with Putin

***

Russian Currency backed by BTC/GOLD, Chinese Currency Back by BTC/GOLD


USA becomes worlds largest lepper colony ( V for Vendetta )


***

A lot of this bullshit would just end if ppl actually traveled to CHINA & RUSSIA,

Eastern Europe ( bulgaria, czech ... ) are like the wild-wild west of crypto

If your Russian ICO has no criminal element then you have nothing to fear, trouble is 99% of all ICO's on earth are SHIT designed to scam pensioners, and GOV if it has one job, its to protect the elderly,  from the young criminals.

Of course the criminals go after the elderly cuz "Thats where the money is".

There is no criminal element actually) we just want to make event industry more profitable

Yes, i totally agree with this opinion. Not sure about own cryptocurrency for now, but anything is possible in future.
I hope nothing will change their mind and interest for new technologies and they will not forbid cryptos.

Will see!

If Russia creates and regulates their own cryptocurrency, then what difference does it have than having a regular bank account at a Russian bank? A government created cryptocurrency defeats its own purpose, since people wouldn't be willing to invest in it, especially in a country like Russia where the government can reach everywhere.

Russia is a communist country just like china.Usually communist countries don't encourage liberal ideas.So,obviously they don't like to promote bitcoin which gives liberty to its citizens regarding financial activities.

Recently,putin termed bitcoin as a pyramid scheme.We all know him as a dictator and russian government would move only in the direction in which he dictates.Very soon,russia may even ban ICOs just as in china.

Recently,it said that it would ban access to bitcoin exchanges and websites.So,we could not expect a positive news from russia.

But now China is coming back to Bitcoin. Who knows  :(

Name on successful ICO project, one that actually got to be implemented and used.


Russia is no longer a communist country, it has embraced a bit of capitalism with the government still controlling parts of the economy.At least on paper it's not a communist country anymore, more like a socialist combined with a totalitarian government.

But that aside the major problem for Russia is capital outflow.
This is one of the main reasons one of the biggest country in the world with huge oil gas mineral reserves are struggling to compete with the eastern block in terms of gdp per capita.
And bitcoin is one of the things that make capital movement a piece of pie.
Russia will never support this as it is going to ruin their already crippled economy.


Exaggerating...at least.
How do you even think Russia will be isolated if they are not going to use bitcoin?
Is there a country (the government not the population) using bitcoin right now?

I think both of your might be right. Russia is oligarchic dictatorship but with culturally communist (Putin said that fall of Soviet Union was the worst thing of XX century) attitudes. Just take a look how authorities stick to communist pasts, communists monuments and street names and also criticize other ex-Soviet countries for the process of decommunization.
I think at some moments Russia might pressure more bitcoin and cryptocurrency community, and then lots of crypto-entrepreneurs will ran away (some to Belarus, Ukraine, Baltic states, other and especially those who speak English fluently might end in USA and other countries).
As example you can see the stories of Berezovsky, Khodorkovskiy, and lots of others less famous businessmen.
 

For all governments, the question of legalizing bitcoin is harsh...

Because indeed, it is used for money laundring and for the moment "bitcoin" is quite related with "darkweb" and "illegal matters" for the public opinion, mass medias and.. well, governments.

For the moment, all the governments are more or less chosing either to ignore bitcoin or to make it illegal. It is easier for them, as they are perfectly aware that there are many operations out of their control, yet happening on their territory, allowed by new technologies (not only btc).

At some point, they will no longer be able to ignore it or simply ban it (due to, you know, international operations, vpn and impossible control). Russia will do as the others. Except that, if the Russian community is large enough, they may be able to make it happen soon...

Bitcoin forum is a system arround world wide and it's a legalized bitcoin according in government and to the public it's a illegal for a moment and many of them are out of control and this are allowed by other new technologys and Russia had community is large in bitcoin.They focused on bitcoin from long time.

I think Russia may back up ETH and make it russian bitcoin. Yeah, it stupid though based solely on the fact, that it russian developers behind it. But who knows, right? Could ban all bitcoins transactions and access to exchanges in a matter of days.

Hard to imagine this)) By the way Vitalik Buterin is citizen of Canada, and he resides in Singapore.
Moreover ETH is already established currency, how you imagine that Russia will take control over it? Or will create another fork? (Like Ethereum Classic exists, but it's not so popular)

And they are going to call it Ethereum Russia   :-X

Russian government has determined the bes locationn to mining in that country. They do some research and paid attentin on it. But i dnt know wetheer russian governmeent hasnt regulate it.

wel i think it is alll just a matteer off time..

I think that could be the chance for Russia

maybe yes maybe not but definitely have possibility russian government accept the bitcoin as legal currency so far i think russian government and officials continue to study about bitcoin in crypto's hoping someday bitcoin legal in russian and treat as fiat money.

Russian government doesn't declare anything like this. These are lot's initiatives about using blockchain. It's totally useless to make any coin with government regulations. There is a ruble in different types.  

It is true that government is one of the primary thing to consider for bitcoin to be successful on the future. I do believe that having an open government in terms on accepting bitcoin on transactions, investment or either on trading for people to serve as a good way for them to earn is a big thing because it help for bitcoin functionalities in a more acceptable and accessible ways.

The possibility of Russia legalizing Bitcoin is 50:50. This is because the Russian government wants to avoid something undesirable, if Bitcoin and Cryptocommunity are made legally. With a large population, I'm sure many people who reject Bitcoin and many who welcome Bitcoin.

Earlier the Russian government used to be extremely hostile to crypto-currencies. But recently, they seems to have changed their stance. Perhaps they have seen what happened in Japan after crypto was legalized there. A lot of the Bitcoin-based businesses moved to Japan after the legalization, resulting in the creation of new jobs and an increase in the tax revenue.

The possibility is 0.5 to 99.5.

Both countries that are taking a stance against Bitcoin openly (China and Russia) have a problem with capital outflow.
They don't give a damn about bitcoin in general, the numbers of btc users is small, usage is limited , common we have around 300 000 transactions in the blockchain a day , probably 25% more at beast with segwit , compare this to 140 million or 1 billion citizens.

What they fear is how bitcoin makes it easier to get money out of the country.
And both their economy are bleeding millions. China has lost 3 trillions this decade, Russia around 40 billions during 2013.
This is their mean fear and they will not legalize bitcoin unless they find a way to control how much money every Russian put in there.


Name ten....

But it could raise Russian economy. I hope they realise that

Of course, this is likely to happen, and no one can say for sure, although I think it will be very slow, but one day it will be legal :)

Feel, there will be some magic with btc in Russia. Good or evil - nobody know  :)
Crazy government...

I'm sure they don't want to miss the moment so i'm quite positive they're working hard on the acceptable models for them. Since this seems to be the way the things will be done in the future, whoever sets up the functional national system of crypto payments first will have the edge over others.

I'm glad they still haven't banned ICO campaigns

I think if Russians are so fond of its president Putin, who directed Russia toward violation of international law - occupation of territory of other country (Crimea in Ukraine) and waging war against neighboring state, and hybrid war against many countries, they can choose Putin coin as primary currency.

I was surprised when I heard about PutinCoin, but it really exists and even listed on Coinmarketcap https://coinmarketcap.com/currencies/putincoin/
And it's cheap now - $0.017331

Of course there is possibility that Putin won't be next president, but I don't want to go deep into politics in this thread.
About Putincoin I heard from Russians they presented it as something they are proud of.

I agree...besides, I'm so biased about the post-Soviet countries, that can't believe that they can keep pace with the times and adopt easily new technologies

According to the news, in October five presidential orders have clarified a situation around bitcoins. They plan to tax crypto miners, regulate ICOs, sandbox legislation for newly developed blockchain technologies, and form a single payment space.

Please dont treat all russians alike. It's sounds offensive and unfair

yes i believe, that soon Russian government will legalize bitcoin and join cryptocommunity because i believe that everything is possible as long as in peace negotiation everything happen in right way.we know that mostly Russian people love cryptocurrency business even that there some humor's  that it is use for money laundering and illegal business and all this found out that a" hoax"and gossip because its not proven guilty that bitcoin is in  used in illegal activities,only they found out that is used for the good of Russian economy.

heh =) interesting comment) may there is a hope  ;D

Guys, I have some news  :)

There is a chance Russia will be open for BTC and other cryptocurrencies. The main Russian government bank "Sberbank" will create crypto found to support new projects.

I think this is a good sign

How could somebody trust anything that comes from Russia and fin this case Sberbank

Let me give you a few examples of the total mess:


After that we have



Every news we hear from Russia is about establishing a new blockchain and a new state owned and control coin.
There is no way they are going to accept something they can't control, they will either put some laws and methods in place to avoid capital outflow or they will just do nothing about legalization.

Russia and legalization of bitcoin oh  :D It will never be.
News:
Russia Will Block Bitcoin Exchange Websites, Says Central Bank Official
Russia Likely to Ban Bitcoin Payments, Deputy Finance Minister Says
Putin Condemns Bitcoin, Calls for Russian Ban of Digital Currencies
anf many others

who know what new Russia government  do with bitcoin.

only President: Vladimir Putin against bitcoin

It will legalize, but there will be taxes and other restrictions that won't let cryptocommunity in Russia grow.

I'm sure one day the Russian government will use bitcoin.
I 've heard the main Russian government bank "Sberbank" will create crypto found to support new projects.

The Current news today is that russia might start doing cryptocurrency trading. If this happens we see a trillion marketcap soon.

Hi,

What you descried here is quite logical in fact. The bitcoin community is large in Russia... and supposedly no member of the government or director of any powerful institution is part of it. So it is a "soft" war beteween the people, simple individuals, and the haves.

I guess that one day, countries will no longer be able to ignore bitcoin. That is why many governments are trying to design legislation about crypto. However, for them, the bitcoin (and the other alt coins) is a threat. It cannot be manipulated at will, the blockchain cannot be corrupted. I guess this is quite hard to handle for them, because they often use those tools.

Consequently: no, I don't think any government is ready to officially legalize bitcoin. But if the community grows enough and the use of bitcoin get spread... Maybe we stand a chance! ;)

I believe that BIT is not supposed to be legalized in Russia in nearest future, moreover I don think that Russian goverment support the idea of having any crypto currencies (maybe apparto from crypto rub :) ). But mining crypto society and is very developed. Big bisnesess are becoming engaged in blockchain and mining.Sberbank and AlfaBank had transactions via their blockchain protocols, it means a lot.Many big and high-potential ICOs are held in Russia as well. Therefore, many interesting ICOs such as KickCity or others emerge in Russia.

What is KickCity?

It is company known for Decentralized Event Management & Marketing Protocol on Blockchain. Read their telegram chat: https://t.me/kickcity_chat . U can find everything in there.

If i will be asked if it will be better if it is legalized in your place, i would say it is better to remain like that, as it is today. Not legal but not banned. The moment the government legalize it, there will come problems for users. Of course the government will not allow legalizing it with out taking part in it. In tax and control. Better be like that in my opinion.

I told the same but in more uncertain way.  :D Don't think that exchange websites gonna be blocked. Even if they do, it won't affect real situation.

The point is that Bitcoin IS a good and not a currency. Facts tell us that people buy it to store it and to either sell it higher or to buy just other cryptos. Bitcoin is barely used for purchasing objects out of cryptoland.

Thanks for Telegram's link. I want to invest some btc from my wallet. Very interesting!

Till now the Russian government is not willing to legalize bitcoin or cryptocurrencies. Eventhough crypto is very popular in Russia. But you never know what Putin and his government really think. Today they want to ban all cryptocurrencies and tomorrow it might be totally different. But if they do legalize and accept cryptocurrencies, then that would be huge.

I know that Russia is one of the few countries that have an open policy towards cryptocurrency. You can recall Russia's support for ETH. Although Russia does not publicly support bitcoins, Russia does not prohibit it, which is a pretty good thing for the Putin government.

Russia disgusts me. Any country with human rights laws as ancient as theirs needs serious restructuring. I am sickened by Russia’s dictatorship and lack of social progress. Just like China, Russia has an iron fist rule on its people and if anything I could see Russia’s government creating their own cryptocurrency (likely the only to be legal).

Russia has never been friendly to bitcoin They had tried their best to ban bitcoin but they could not.Even the russian president putin went to the extent of terming bitcoin as a pyramid scheme.

But totally in contrast to their stand against bitcoin,they have not yet banned any ICOs and also we could see large number of russian companies taking part in ICOs actively.

Do really know what are you saying here? Russia with Putin at the helm will ban everything that can disrupt their government, including bitcoin and crypto.

That's why they have been contracting as far as their official statement. You can't find anything substantially, they will say they will support this and that, which is total bullshit.

How about the bitcoin mining farm? Anyone heard about it lately? They have been reports that they will put up one, but where is it? They're just giving everyone a false hope.

And that's why they created their own coin, cryptorubble because they are not going to accept any crypto except their government-backed coin.

yes i do believe that one they that they will not only accept it, but they will also be making use of it as a method of payment. the only constants thing that we have in this life is change.. as time goes on and they find out the benefit of have cryptocurrency in the society they will have no other option than to join the leading team.

I think they will certainly recognize the legitimacy of bitcoin and other cryptocurrencies, as bitcoin slowly steps into people's lives over time and becomes popular using bitcoin as a means of payment. Not only Russia but also all countries should recognize the legitimacy of Bitcoin. This is our belief.

I think bitcoin will soon be accepted and widely developed in Russia.

Since the economic crisis in Russia in 2014, the economic situation is gradually recovering, but this does not mean that the risk of economic crisis has been reduced. Bitcoin, an industry recognized safe-haven asset, can help Russia sidestep some of its economic constraints and financial turmoil, so Russia's central bank will eventually opt for bitcoin.

There are a lot of loopholes in bitcoin need to be improved, it takes time, I think the legalization of bitcoin is just a matter of time, encrypted currency is the future trend, the Russian government's actions show that they gradually accepted the encrypted currency, accept bitcoin is just a matter of time.

I think Russia likes technology and really wants to apply it,but can not do it with the current crypto currency because they can not handle taxes on it.This is a problem for many countries but Russia is taking immediate action by banning everything.Until they find a solution to it,maybe until there is a change that they remove from the coin.

Recently in Russia they clearly stated that they recognize only their cryptor as a legitimate means of payment from the crypto currency. If you look at the contradictory statements regarding the crypto currency of the top officials of this state and their very frequent negative attitude to the crypto currency, it becomes clear that there is no prospect of going there with a decentralized crypto currency. In Russia, the rights of citizens are very restricted, and therefore such a state with the principles of free decentralized crypto-currency is incompatible.

I am more likely to think that Russia will go forward with the creation of their own cryptoruble or whatever, under control of the state instead of under control of Chinese miners and Wall Street sharks (which probably are now accumulating BTC like there is no tomorrow)

Good day. I would like to ask you something. I come from a very poor country called SLOVAKIA.
Since 2010 I have been watching the development of Bitcoin crypts and my dream is to have at least one Bitcoin that I would like to leave my daughter.
That's why I would like to ask you who you have Bitcoinov, or you would not help me.
I want you to send me not Bitcoin but only a little rubble that will not make you mistake.
Thank you very much for your help.
My adress is : 3AnEEwquFuuDKZNg4KT7Vb4ddemUymh1E9
Thank you very much very much.

True,  more of the governments that already have an idea about btc  really wants to have a currency that they can hardly monitor or control.  It will be more easier for them if they will have their own currency.

Will be funny to watch how far regulations will go in Russia.
Hope that Putin will have a miracle and legalize new way of investing and
instead of oil cryptos will be profitable and useful.