Bitcoin Forum

Hi guys, yesterday I saw a notice: Russia’s leadership has made it clear in recent months that they plan to wrangle blockchain technology and cryptocurrency under government control.

Russia was moving forward on plans to launch their own virtual currency.

Moiseev says there will be a lot of discussions as the legislation gets ready to be adopted. Russia’s finance ministry and central bank are said to be collaborating on the framework.

He told one outlet that cryptocurrency mining will be taxed, but the ministry is not planning on introducing licensing for mining.


Show me your thoughts, please, as this may affect everyone, if put into practice.


Source: https://investfeededge.com/russian-minister-say-cryptocurrency-bill-will-ready-february-2018/ (https://investfeededge.com/russian-minister-say-cryptocurrency-bill-will-ready-february-2018/)

Is that so? For years we have seen Russia move back and forth with their "planned actions", and never have they done anything to put force behind their words. It has gone so far, that not many people take anything related to Russia and crypto seriously anymore, and rightfully so. How much time do they need to finally come up with proper regulations? Regulations are a necessity to make this market move forward, allow institutions and the average joe to benefit from this market in all kinds of ways -- it has to happen, and I am all for it that it happens sooner than later.

I think that in Russia nothing good for its citizens in the field of crypto currency will come up. In addition, when it comes to the adoption of specific regulations, there will several times change their attitude to the crypto currency. Or in Russia, people in power are not serious, or are not serious about crypto-currency.

Regulation is a normal process for all crypto. It looks like Russia is going to be the first who will take control on every aspect of crypto use. No doubt that this is going to have the effect, I suppose it is going to be positive, cause of it is kinda admitting that cryptos really worth to become our future money. That fact is the price for bitcoin and alts are going to rise.

They keep on contradicting themselves so that is clear indication that they are not really interested on bitcoin or cryptocurrencies. The back and forth statement with no clear indication that they are really keen on at least regulating cryptocurrencies made me assumed that Russia will not in any way going to accept something that they can't really put their hands on. And recently they just announced that they are going to make their own cryptocurrency is another sign that are shunning away on bitcoin on any crypto in general.

Russia and the developing countries are very concerned about the crypto money, and the developed countries are getting more cautious. I expect Russia to make a torpedo to Etherum with this regulation.

each day they have a different position, they are not serious

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Why does the press still value what comes from Russia? no offense but the government of russia every day has one has a different position regarding bitcoin


Vladimir Putin: Cryptocurrency Poses 'Serious Risks' (https://www.coindesk.com/vladimir-putin-cryptocurrency-poses-serious-risks/) ( Oct 10, 2017 )

Vladimir Putin Mandates New Rules for Cryptocurrencies and ICOs (https://www.coindesk.com/vladimir-putin-mandates-new-rules-cryptocurrencies-icos/) ( 24/10/2017 )

Russia's Central Bank Backs Move to Block Bitcoin Websites (https://www.coindesk.com/russias-central-bank-backs-move-to-block-bitcoin-websites/) ( Oct 10, 2017 )

"  The first deputy governor of Russia's central bank, Sergei Shvetsov, has said that his institution will support efforts to block access to external websites selling cryptocurrencies in the country. "

END OF CASH: Russia launches own cryptocurrency dubbed the Cryptoruble (https://www.express.co.uk/finance/city/867686/Vladimir-Putin-green-light-for-Russian-cryptocurrency-CryptoRuble-fight-bitcoin) ( 18/10/2017 )

Everyday a new statement comes from Russia, they are manipulating the Market. They have changed their views for Block chain and cryptocurrency many times in the past also. Coming up with rules and regulations is the best decision one can possibly take for the benefits of government as well as users. Block chain has been praised all over the globe and Russia should also understand its importance and integrate rules for the smooth transactions of Bitcoin in the nation.

Well, I see it as a positive mood for all those who live and sojourn in Russia. It is a pretty positive response to the changing times. Nonetheless, I do not see it being able to totally control the movements of Bitcoin in one country since Bitcoin exists in the online world. Thus, total regulation is just downright impossible unless the Russian government will undertake to pin down all systems related to Bitcoin. 

The Russian government and take responsibility, this is something new. Russia never takes responsibility. It is easier not to recognize it, than to take responsibility for it

All that Russia is doing they do a Kalashnikov. I do not believe that the Russians can do something positive. Give me one good idea or invention in Russia which has a positive effect. What gives you hope to think that in the case of cryptocurrency will be different. I don't believe it. I am sure that Russia will tighten rules on the use of bitcoin.