Bitcoin Forum

A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.

The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.

It should not be forgotten that a bill was introduced in the State Duma of Russia to establish criminal liability for any operations with a crypto currency. Supporters of this bill from the Ministry of Finance are motivated by their position that the Russian Constitution states that only the ruble is a legal tender in the territory of Russia. Therefore, everything else is illegal. In the same spirit, some websites are banned there, in which the problems of crypto currency are simply negotiated. Therefore, Russia is still far from the way of introducing crypto currency in its territory. Politicians and representatives of Russian authorities and management are so diametrically opposed to the possibility of introducing a crypto currency, which is so far impossible to form a single picture in this matter.

It seems to me that this news is directed only to the fact that Russian was not looking for opportunities to leave in the dark the Internet. Then from there do not get it. Putin will never allow Russians to use cryptocurrencies. This will weaken the ruble. Russia's economy may not stand it.

I am hoping that eventually Russia will be opening its doors to Bitcoin and cryptocurrency. Considering that there are now many Russians who are already into this new industry, let's cross our fingers that the government will consider this fact in formulating its final decision on this matter. Russia can be that big and important market that we should not lose.

To begin with I want to tell you that Russia is not a big market. This is a backward poor country whose main income is the profit from the hydrocarbon trade. The population of this country lives in poverty and therefore people can not invest a lot of money in cryptocurrency. They can not have a noticeable impact on the cryptocurrency market. Have you noticed a change after the legalization of bitcoin in Belarus?

In 2018, Russia may legalize the bitcoans and other types of cryptocurrency in order to combat illegal transactions, Russian Deputy Finance Minister Alexei Moiseev said in an interview with Bloomberg recently.
Observers say that demand for electronic currency in Russia is already high, and they believe that a flexible approach is required to regulate the blockchain (the database system used to store the data structure continues to grow).
In 2018, Russia may legalize the bitcoindan types of cryptocurrency (other electronic currencies) in order to combat illegal transactions

What do you think? I think this is more likely to happen but i guess they were just trying to measure the risk of having a crypto currency that is being legally used everywhere on their country. I don't how such a country support crypto currency when they already know that it do fluctuate due to some price manipulations.

It might eventually, but not any time soon. I think with the developments going on in Belarus, Russia will take its time to observe the situation there to find out what and how it will either contribute towards more economical growth, or potentially have negative economical consequences. If Russia at whatever point in time opens up completely to allow crypto to grow out to a powerful asset class, the entire market will benefit from the demand there. Russia isn't only a large country, but hosts also talent and an advanced tech industry. The only thing we have seen from Russia in the last year or two is them constantly moving back and forth with contradicting terms and statements. It's time for action now. People there are ready for it, and the rest of the economy as well....

yes it could be even mined bitcoin activity and digital currency in Russia has become a new trend. Mining miners are struggling to compete with major operations involving supercomputers, especially supercomputers from nuclear facilities. If this happens, it is likely that Russia will adopt Bitcoin.

I do not yet believe that under Putin's regime in Russia they will allow their citizens to freely use the crypto currency. Even Putin on this occasion expressed such contradictory views that his position regarding the crypto currency is difficult to understand. Until the appropriate law is passed in Russia, I will not believe it.

Yes, Russian country seems to be very interesting about accepting cryptocurrency as legal tender, might they will form new rules and regulation for ICO's and Bitcoin. This might help other countries to step move forward.

And from time to time if it can continue to lead to more positive things.. this could be the other country's spotlight or other countries' considerations in the acceptance decision will be to the crypto.
Well anyway, the era has begun to lead to the things that are more lead to technologies advances, especially through into internet.

As I know Russia still didn't legalize or illegalize cryptos, and everything that is not forbidden - allowed. I do not know how long this exchangers will work. Maybe this event will move the government to final and official decision about crypto. I wander what terms of exchange those offices are offering, do they have more attractive prices than online exchanges? If someone have a site or a link for the name of the exchanger, please post it here for information  :)

yes, Russia is planning Bitcoin legality, the goal is to treat crypto purchases regulated by law in the same way as buying bonds and other securities. The country has realized that digital currency is part of the new economic reality

Without passing any regulation it is not possible for us to regulate cryptocurrency in Russia. Previously Putin comments very well about the cryptocurrency, now, in the beginning, it is very tough to justify but governments will take actions towards regulation.

In Russia, the laws of the economy do not work. For this reason, there are no modern enterprises in this country. The economy of this country is fully supported by the trade in natural resources. Any business keeps only thanks to the corrupt officials and militiamen. Primitive technology kompensiruet low level of wages. Why would Putin allow the use of cryptocurrencies? He is not interested in creating conditions for wage growth.

Japan aside, among other world powers, I refer to the United States, the European Union, Russia and China, Russia seems to me ready to accept cryptocurrencies. For the United States, its fiat currency is an instrument of international success, for Europe its currency is an instrument of internal bureaucratic control, China is still almost dictatorial, so Russia is ahead.

Definitely yes, Russia is doing great and moving forward to meet crypto interests and progress

Waiting many other governments to follow this route if they can achieve it it will be a big boost for the investors and crypto lovers. Currently the market is getting more stagnant and not able to recover or cross 8k mark. It needs the boost so that price can move forward and we can cherish the old days too.

We cannot say if Russia is or is not in favor of legalizing the crypto currencies .That will remain a mystery until some government official makes some statement regarding its position in their country . The new exchange will not be determining this fact as people are allowed to make exchanges if there is no law against its making . The real thing will be identified when the exchange will be noticed by the government and when some action ( positive or negative) will be taken in its direction.                                                               

Yes you are right. From what I know Russia is like other countries like Malaysia and Indonesia where they allow cryptocurrencies in their country but prohibits them to becomes means of payment. So indirectly using cryptocurrencies by converting is to their Fiat currency is a legal loophole. This is why the Russian legislative department are taking into action because they now want to properly regulate cryptocurrencies in their country. Adoption of the cryptocurrencies will soon follow as last time I check they are in favor of cryptocurrencies in their country.

Yeah, i have to agree that we should still wait for the government to officially confirm those rumors that spreading about of their country and their new exchanges. It will only just tend someone to hope that it is true but the question is, what's the difference of online exchange against their exchange? I always found a news about Russian country that saying they were legalizing crypto currency. I hope this was all real it does a good effect to the market though.

LOL. I have been telling since 2017 that Russia will not be a friendly crypto country. They have been totally contradicting themselves in more than 6 months now that you have to take everything coming out from them with a bag of salt. Whatever lawyers or some hotshot crypto investors says, its really up to the top, Putin to decide what is good for his government. We all know how disruptive this technology is, do you think the Putin will just yield to something that has the potential to change the financial landscape of Russia? I don't think so, another reason that I'm leaning towards is that its uncontrollable, again I doubt that Putin will just allow it to flourish in his country without him having a full grasp on it.

You are right. Russia is not a crypto friendly country. But I saw many news that crypto activities are increase day by day in Russia. This news is also surprised me.

i don't know the situation on that country because i'm not Russian people but according to OP post that build exchange service which is Russian people can buy or sell crypto is not against the law so until today involved at crypto world is not forbidden in Russia but i think that's will not guarantee someday Russia government will adopt and regulate cryptocurrencies and in my view it's too early to talking about this

Haven't they already adopted it indirectly? I mean currently the Russian government has no regulations or laws involving the use of this cryptocurrencies which means anyone in their country can freely use Bitcoin and other cryptocurrencies. The only thing missing to fully adopt cryptocurrencies is of course through legislation, with it they can officially have some kind of regulation.

I do not agree with the opinion that Russia has started to adopt a crypto currency in its own country. In recent years, politicians and officials of this country have expressed various, often contradictory views on the need and the possibility of introducing crypto-currency, and the actions of the authorities have almost always been aimed at limiting or prohibiting it. Therefore, I do not see the law passed there yet, I do not believe that Russia can give its citizens the opportunity to freely own and dispose of the crypto currency.

Yes, Russia is very active in the direction of cryptocurrencies. As soon as cryptocurrency legislation is introduced in July this year, Russia can become a leader in transactions, ICO startups and mining.

There is so many blockchain projects! Of course, now Russia have no any law about cryptocurrency, but it seems to me, that Russia must takes cryptocurrencies, and projects, which working on that way, could get good money on ICO!
For example, i had working in food retail company, and our competitor made Loyality Program, which made on new cryptocurrency, which can trade at the Russian Market.
That's really interesting.

I believe that Russia is on the verge to accepting bitcoin which I consider it to be a good opportunity for Russians as long as they use it not for illegal purposes. Russia is a big country and there are many poor and unemployed people. Investing in bitcoin will be a chance for them to make a living unlike India. But then again, we should not be that optimistic because Russia can turn cards upside down because it is unpredictable.

Yes, you are right, there is so many people, but, when BTC is up, many people, who was poor, stay rich  very fast  ;D

I'd hope there will be no more war in the future and I hope that Russia will support bitcoin because of its technology and not just because of something else. Russia is a great market, a big future for investors there and I know many countries will follow this kind of decisio soon.

Seems like this. Russia is trying to adopt crypto because of sanctions they suffer, it can be a way to solve the problem and upgrade their economy

I think it will be nice if crypto will be legalized in Russia. And some soft-regulation for ICO could attract investors and help to economics

russia seeks to destry the banking cartels in the west that print the countries money in order to pay anti russia haters in their mass media, therefore they want to replace the western banking cartels  with cryptocurrencies.

I don't know if the issue about Rothschild central bank's power is taken away by president putin is true? That is  the only reason why days before crypto currencies adaptation is difficult. But basing on some legit ICO project that helps the market rocks is actually a product of Russian people which are based in the city of slovenia and specially in estonia not just only in Moscow.

That's a pretty weak statement, and seems more like a scene out of a bad movie. Russia doesn't really care about what others are thinking about them, they just follow their own route, and I'm happy they do so. Russia has other ways to make the west show a little more respect, and they already do. On top of that, Russia might end up completely operating their own crypto currencies, and not so much the ones we currently use and trade. It all comes down to how their centralized currencies will allow them to maintain the control they are badly craving for. At most we can hope for more friendly regulations allowing our crypto market to develop itself even in Russia. It's already happening in Belarus, where we now are waiting for Russia to plan and execute its next move.

The emergence of a single exchange of crypto currency in Moscow does not mean that Russia has taken the path of adopting a crypto currency. Do not forget that in the State Duma of Russia there is a bill on the establishment of criminal liability for any operations with crypto currency and representatives of the Ministry of Justice explain this step by the fact that the Constitution of the country recognizes as a single means of payment only the ruble, and therefore the emergence of crypto currency as a means of payment violates the Constitution . While all this will not be considered and specific laws will not be adopted, it is too early to say anything about a specific course in Russia.

Russia is on its way to international isolation. If Russia turns off swift, even the legalization of cryptocurrencies will not help Russians. Cryptocurrency exchange will be even more problematic. I think that Russia will become a more closed country and repeat the fate of North Korea. In such circumstances, the legalization of cryptocurrencies is impossible.

I think, that, of course, it is not been with russians, but, of course, it is more simple going somewhere in country, which has legal cryptocurrency for buying some BTC ;D

It is very interesting position. I think so, too.

2018 will be the determining direction of the movement of crypto currency in Russia. The fact is that to date, the State Duma is considering draft laws, which will regulate this industry in the territory of Russia. From the form in which the laws will be adopted depends volume of investment in the crypto industry in the territory of this country.

I think these actions will soon be covered with our favorite state!
So how is this structure which the government can not control it!

In Russia, they do not like technology, only oil and gas. The ban on telegrams showed this again. Most likely, soon the crypto currency will begin to be regulated, or may even be banned.

Look at what's really happening in Russia. Only recently the social network of Telegrams is banned by the court decision because they refused to provide information services to the special services about the encrypted data of users of this network. What kind of implementation of crypto currency in Russia can we talk about? In this country, as long as authoritarian rule exists there, there will be no decentralized crypto currency. They will not allow citizens to anonymously dispose of their money, this country is not yet for decentralized crypto currency. There they can only start their fully centralized crypto currency or any step from decentralized to put in control. While we are waiting for the adoption of relevant laws in Russia.

I don't  know what  really the direction of Russia about crypto currency, as we know Russian government is an authoritarian but  according to reports crypto currency is still in used by their citizens like  a regular foreign currency were in the is an exchanger that  will by bitcoin into cash. Hopefully the law that  they will drafted wil have  a favorable conditions to bitcoin. 

Yes Russia is on the way to adapt cryptocurrency in their country. It's really a good news because if one country accepts then other countries also consider about this change. In Russia they allow the people to change bitcoin into local fiat and use. Russia can legalize this bitcoin cryptocurrency to solve their economic problem. Always russia dont think about other countries what they told about their country.

the story with supercomputers from nuclear faciities wasn't the only one in Russia as far as I know. And cases like this often happen in another countries, US for example

with their style of doing things I wouldn't think that regulations will occur soon

It's indeed nothing new if we look at similar activities around the world, but it doesn't change anything from the fact that it is abuse and potentially theft of resources that don't belong to you. It wasn't all that long ago where a state department employee used financial resources of the state to buy GPU's with for mining purposes. This isn't only abuse of resources, but also theft, which is something we can't and shouldn't take lightly. I have read about various similar happenings in hospitals, universities, banks, etc. I know people want to exploit every possible opportunity that this market grants them, but there are lines that people shouldn't cross, especially in case of a hospital or bank or nuclear facility....

The large Russian population of 146 million people will potentially be the largest player and market and align with global Bitcoin players such as China, Europe and America. That is the main reason why Russia dare to adopt bitcoin.

I guess this year will be decisive and soon will see clearly what side will be accepted.

Yes I think Russia is on its way to adopt cryptocurrencies and I believe Russia would be one of the first countries to use digital currencies around its country. That would be one giant step to the future for cryptocurrencies and great news in the crypto world.

Right. I don't think that they don't like technology, because they will be really left behind if they don't accept it. However, they refuses to acknowledge everything that will put to much freedom on its people like bitcoin and cypto in general. And just to please their people, they created a crypto back currency, but I haven't heard anything positive about it. Banning telegram is another sign that they won't allow their people to used it for crypto purposes. The ironic part though is that they are a lot of Russians who are really good in crypto, like devs and ICO projects and even Ethereum head, Vitalik is Russian.

Yes. Even more ironic is the fact that due to these uncertainties, the future Russian Bill Gates and Steven Jobs type of individuals, will all be doing their thing outside of Russia. It's a waste of precious talent having the ability to lift Russia to a higher level in every field, but the government there is stupid enough to let them apply their creativity and knowledge elsewhere. If nothing changes, and I'm not that confident in a fundamental change in the coming year or so, then the outflow of talent will become more of a problem than people gaining freedom or using crypto instead of the Ruble as currency. I think it's safe to say that the paranoid and somewhat ignorant nature of governments towards crypto, is more of a threat to their economy than crypto itself.

Telegram was banned not because russians doesn't like technology)
And, of course, that it is not so many problems with technology in Russia, there is problems with people mental, only that
PS There are much more russian in telegram after blocked it)) They all use vpn for that)

I know that that the russian government are still discussing about legalizing crypto and it was reported that they want the technology behind it. They might just completing a regulation that will protect their people from ICOs or prevent illegal transactions.

Absolutly yes Russian govt. is doing a great job to accept crypto currency legally in russia.

Cryptocurrency adaptation in russia is into a higher and different level as of now. As I am going to evaluate more and more Initial coin offerings are appearing that is being founded by our russian developers, and most of them are trusted and legit. so we can say that the movement of founding cryptocurrency in russia is quite good enough to let other neighboring countries trust crypto. Russia is not just on the way but they have been in the way when china was dropping it's GDP, even south korea and many fraudulent news popping out but still russia was with japan simply going through discovering things what crypto can do in a certain country. less, jobless individuals as i evaluate.

Lately, Russia government refuse cryptocurrency but as of now, Russia is currently working on a regulatory framework to legalize Initial Coin Offerings (ICO's) require investors to use certain cryptocurrencies, typically ether and bitcoin, in order to invest in their projects. All of these projects are legit and professional members. The legalization of cryptocurrency in Russia can help large companies and small businesses that need investors. So now Russia I think is near in cryptocurrency adaption.

It does not mean anything. These few items for the exchange of bitcoin can be demolished in one day, and those who engaged in them, put in jail. It is unlikely that in the near future in Russia normal conditions will be created for citizens to use them as a crypto currency. Judging by the prohibition of crypto-currency sites, social networks only for refusing to provide intelligence services with information about encrypted data of their owners, in this country, especially under its current leadership, citizens of this country will not have the degree of freedom under which they could freely use a decentralized crypto currency.

Russia isn't even remotely close. It's legally still prohibited to use anything other than the Ruble as currency. The main point of importance is that while Russia doesn't seem to be willing to prohibit all aspects of crypto currencies, they have a long way to go in order to become crypto friendly. Instead of their ICO regulations they should clear things up on other grounds, because as it is right now, they are selectively shutting down sites and services because they aren't following the law, but don't do anything against other (mostly larger) sites and services. This back and forward moving should end since it doesn't contribute to anything. If you start a service there you don't even know what's allowed or not allowed....

Yes I also heard the news that Russia can accept cryptocurrency in their country. It opened local exchanges and it opened the doors to enter cryptocurrency. People in the Russia was already adopting cryptocurrency for their use. More intial coin offerings are opened by investors in Russia. In Russia they allowed the people to exchange bitcoin to local fiat and use. One country follow this means other countries also have a look on it and the cganges will occur.

LOL. They have their beloved CryptoRubble already so I doubt that they will really open the doors for crypto to compete with their own. Yes, I agree that there are a lot of Russians involved in ICO project but it doesn't mean that the nation is openly supporting them. Sooner or later we will hear that they will release their official stance, and I don't think it will be favorable as most of you guys think. Just look around and see for yourself how many times they contradict themselves to the point that they look like at a total lost and really don't cooperate with one another.

If Russian government open the door of digital currency then it might be good opportunity for the country to make economically strong.

Thats good to hear, now, if the russia trully welcomed it, im surely that country might be more economically strong

Might be, but don't expect anything to happen. I am of believe that they will try to delay that process for as long as they can, all to see how their neighbour (proxy) Belarus fares with their new open minded crypto regulations. A lot will depend on the developments in that country, and in case they are of positive nature, it will translate into more crypto friendliness in Russia as well.

It's a very smart move that will allow Russia to either open the gates for economical improvements, or just outright ban the crap of crypto in case it affects the economy of Belarus negatively. I am confident in the first option to be more likely, but we don't know how attractive the crypto friendly regulations are while on the other hand you have to worry about an unstable government. Only time will tell how everything will play out.

Yes Russia is on the way to adapt cryptocurrencies. They have opened to doors for cryptocurrency. It would be good opportunity for the country to make economically well. More ICO's opened by the investors in the Russia. They opened the local exchanges for their transactions.

Since Russia is good option,we should not miss it.Many Russian start to inverse in bitcoin and they are new to trading.Russia going to open his goldern door to crypto currency.If more people around this world started to inverse in bitcoin,the price will reach any peak.

Russia is a great place to use cryptocurrency, they are slowly adopting the system. Some of the ICO comes from russis or ever founded by a Russian people. I know this place will become one of the big market in the future and bitcoin will be good because of this.

it is true Russia has adopted a bitcoin or crypto currency when the decision was taken they see that many citizens are using bitcoins or other digital currencies so they hope to take advantage of bitcoin by adopting it.

Their government shouldn't hinder the development of cryptocurrency of the country, and if the regulation is the main concern, well definitely it can be applied to those criminals who used to scam people through cryptocurrency. If this thing about adopting cryptocurrency to Russia, that's a great opportunity for the people to invest for the best currency that will give them a break particular on money making process that will take less than a year and make them earn more profit out of their fiat cash.

Russia loves Ethereum . Smart contracts are a future no doubt that it is big competitor to Bitcoin .

Yes, I agree with you. The authorities and media actively speak about cryptocurrencies.
But it is a pity that in our country all against people, and it means that we are given so far the chance to buy up cryptocurrency, and then will unambiguously adopt the tax law with huge percent. Still it is necessary to consider that the power actively works on a concept of anonymity of cryptoholders. Anonymity and independence it not for the benefit of the Russian authorities.
Even now, proceeding from the adopted legislation it is already visible that everything goes to collecting a large tax. So Russia very mercantile country. And she won't become kriptoloyalny. :-[

What CryptoRubble? ;D
Only have told about him, before realization still far. In general Russia is very far from introduction of technology in life. The power think about that more as to earn from it. The authorities people don't trust, so Nobody will buy CryptoRubble.

Of course, it can seems very funny, but some people in Russia try to create cryptorubles.
I saw so many ICO's with, for example, RUSCOIN, which never listing anywhere, and somebody try to sold this tokens...
OMG, so much projects to made scam, and it is really hard to find really good project, with really good crypto

So, first time, when this projects could be really on worldwide market with listing tokens somewhere,
i can think, that it could be possible.
In another time, it seems to me scam in all of that projects.

Russia has always been pretty much open to cryptocurrencies. But this selling and exchanging it for cash really looks pretty gross and senseless to me. This will surely promote black money in the state and it will not be too long before government will make an action over it. In a world now where even buying selling shares and securities is not legal how can one talk legality about selling cryptos for cash. This isn't any sign of adoption of cryptocurrencies but is merely a publicity stunt which will looked forward by officials soon.

Russia is planning Bitcoin legality, Russia is doing great and moving forward to meet crypto interests and progress

may i think yes, russia might legalize bitcoin and other types of cryptocurrency in order to combat illegal transactions, because the Russian electronic currency is already high, and they believe that a flexible approach is needed to regulate blockchain

What a nonsense are you writing?
Russia a far from cryptocurrencies legality, it has lots of other problems. Russian Governament is planning to issue a law about ICO regulating. There is not any control about cryptocurrencies now, the whole crypto market is in the shade...

The Russian government only thinks how to get taxes. Now cryptocurrency have a lot of money, so legalization in Russia is quite real  ;D

Russia is not yet ready to take such decisions, as this will lead to the collapse of the monopoly in Russia. People will begin to invest in the blockade and the crypto currency and not in the state.

Well, not all of course fraud. there are worthy projects. Few of them of course. Yes, any new ico needs to be well understood before you invest. Sometimes you become a millionaire, but you wait a long time, and sometimes you think that this is a fraud , and people earn. The situation is like any stock exchange.

Russia government doesn't announced anything against the crypto currency.So crypto currency is neutral in Russia.If they announced it officially as a legal one .There may be huge correction in the price of bitcoin.This give the positive sign to the increase in the price.If it's happen,Russian people get happy.

There are some local exchange opened in Russia for crypto transactions. This shows that Russia is not against cryptocurrency. Russia opens the door for cryptocurrency. Russia is also planned to accept tax for bitcoin. If it is happened then automatically it is legal in Russia. Other than Russia so many countries now accept cryptocurrency as legal in their country. In future other countries also consider the legalization of crypto in thier country.

There have always been local crypto exchanges in Russia, so it's nothing new or relevant. Russia has two faces when it comes to crypto. In some cases they don't act at all, and in other cases they over-exaggerate their actions because they don't make any sense at all. Also, there aren't all that many countries who actually legalized Bitcoin, and it technically doesn't matter as much as you think it does. Governments not acting on crypto means that people and businesses can do what they want as long as it doesn't break any existing laws. If everything depended that much on countries legalizing Bitcoin, we wouldn't have managed to grow this much and rapidly.

I think it is true! Russia is more perspective country for such projects. However, everything depends on the project specifications. For example, there is one cool project - Socratus. I really like their concept - a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paper work. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits.

On July 1, the deadline set by Putin expired, for the adoption of bills regulating the crypto currency. So far, no information has been heard about this. Most likely, there are no laws on crypto-alyuta in Russia yet. I doubt that there will be free circulation of crypto currency for citizens in Russia. While power in Russia is far from democratic and will not be of any use.

Opening the only one for the whole. the capital of Russia, the exchange point of the crypto currency, does not mean that Russia has started using the crypto currency. If you look at other practical actions by the Russian authorities to close them by crypto-currency Internet sites, Telegram's social network, to submit to the State Duma a draft law on criminal responsibility for the use of crypto-currency as a means of payment, other current statements by government officials that licensing will be introduced in Russia to engage in crypto-currency activities, it becomes obvious that in this country citizens will not be given the opportunity to freely engage in crypto currency.

As far as I remember, the latest news that I read about Russia is that the government is only thinking about the issue related to the decision to legitimize or not the crypt.

And as far as I can remember, they have been saying that since March of 2017. LOL. Do you guys still think that Russia will give everything up and support crypto? Nah. As you have said they are still thinking but on the other hand, they already created their own crypto government back coin (Crypto Rubble). So this whole discussions about Russia adopting crypto should be put to rest and as long as Putin is on top of the country, there's no way that they give up everything on this decentralizes market. They want to have total control of everything and that's the main reason why they will not allow crypto, too decentralizes with no central authority.

Based on article we read Russia is one of the crypto friend country so I won't wonder if one day they published and declare Bitcoin is legal in their country and there are laws supporting it.

Until July 1, Russia had to pass laws on the regulation of the crypto currency. This term was set by the president of the country, but there is no news from Russia on this matter yet. I personally do not expect that Russia will soon adopt good laws on the crypto currency. Most likely, it will be a more severe restriction of circulation and the use of crypto currency than its friendly acceptance. I think that the legislation on crypto-currency in Russia will be one of the worst in the world. Of course, it will be good if I make a mistake.

They are up to create their own crypto Rubel and also fully legalize cryptocurrencies in 2018.

That is true haha but in some way all goverments want to make crypto legal byt only in a way to get something from it, maybe Russia will be one of the first, who know.

Russia is already using bitcoins, but the law still prohibits, so basically all the illegal I think.

The Russian government does not even plan to legalize the crypto currency and provide it. the right of its citizens to freely engage in crypto currency. Under the rule of Putin and Medvedev, who have already succeeded each other as president and prime minister, citizens will never have the opportunity to fully engage in crypto currency. This government is accustomed to controlling citizens, and the crypto-currency deprives such control. Therefore, Russia is not going to fully implement the crypto currency.

As a russian i can tell you: our goverment just trying to take control on everything. They are not trying to adopt, they are trying to controll crypto

Yes they were not allowing any decentralization technology to take over their country,there is lot difference from decentralized and centralized crypto,the centralized crypto is much similar to the fiat money other than it is in digital form.So Russia is one of the country who strongly opposes the crypto currencies but until how long?the condition may change at any time like happened in China.

Russia is the home of the founder of Ethereum, the second most popular cryptocurrency in the world after bitcoin, Vitalik Buterin. The world’s largest bitcoin Miner, Bitfury , was created by another russian ,Valery Vavilov.
Cryptocurrencies have always been popular in Russia, but for years Russia and its government in particular has had a unique love-hate relationship with Blockchains , Bitcoins and Cryptocurrencies in general.

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That's right.I have also heard that Russia is not going to impose bans on cryptocurrency operations,but on the contrary,it is going to fully support them.And is in my opinion absolutely the right decision. Russia simply does not want to fall behind again and,on the contrary, is aimed at moving forward in the world economy.What it can undoubtedly help blockchain technology.

maybe the government does not want to accept and even intends to reject the cryptocurrency, but is it possible for the market, especially big businessmen to accept that, because the world has entered the digital era which requires business people to move quickly, especially in terms of payment.

the Russian government must have thought about starting to learn how to work bitcoin if you don't want to be left behind from other developed countries

Yes russia is on the way to adopt cryptocurrency, i also heard this news. Russia is a well developing country they are ready to accept cryptocurrency. They know the economic growth of the country will be great if it is accepted by the government that's why many countries now accept bitcoin as legal. There are so many local exchanges opened for transactions. Like russia many countries now announced cryptocurrency as legal in their country.

Russia is as far from accepting crypto-currencies. Officials think only how to impose a crypto activity tax and nothing more. The government does not see prospects, but only an extra problem.

In Russia, all questions on the account of the crypt remain open and unresolved.

The Russian government must have thought of the profit and loss in the cryptocurrency  issue, besides many western countries which are Russia's big competitors who have long applied the bitcoin currency, of course Russia does not want to miss their competitors

if you want to dominate the world market, Russia certainly must keep abreast of the times, especially in the global exchange system, which is very likely to be controlled by digital currencies, besides that no country can regulate it. currency also uses it without having to be complicated in regulation, so bitcoin has the potential to become a medium of exchange for the future.

Rather, Yes than no, Belarus has already done it

Meanwhile there is no concrete law about crypto regulation in Russia new and new spots open which work with crypto currencies. Even on TV during the world cup I saw such places where football fans from over the world could pay with bitcoin's.

It is interesting to look at the legal exchange of bitcoins in Russia. I think not everything is as good as we think. But my opinion, Belarus in the field of crypto currencies has overtaken its neighbor with a more loyal law on crypto-currencies, which, unlike Rossiisky, was adopted.

Under the current government, there can be no such thing. Except if the ruling elite of the country finds a way to use and enrich themselves with cryptocurrency

it looks like the Russian government does not want to be left behind in digital currency issues, and the steps taken are also steps that do not play, and European countries must also be vigilant because Russia is very likely to become a new giant in the world of crypto currency, and maybe the Russian government unites with China to make their own crypto currency.

I think that under Putin-Medvedev rule in Russia, the people of Russia have nothing to hope for legalization of the country's crypto currency. If this happens, then it will be something half-hearted and with a lot of restrictions, so people will not be allowed to use crypto currency freely.
The government of Russia is afraid of its people and therefore complete freedom, even in the crypto currency, it will not give its citizens.

In Russia, issued a law on the digital currency in which the crypto currency was given the status of ownership, and people who are engaged in mining are recognized as entrepreneurs.

government authorities for a long time could not decide whether it was legal to buy bitcoins in Russia. Great hopes are placed on the bill, which is due to be published in September 2018.On the territory of Russia, the approaches to nature and the essence of crypto-currencies changed quite rapidly

In Russia, crypto-currency is regulated legislatively, so they are so quietly used by society.

Why not? Bitcoins are very popular and I believe the Russian government will be aware of the importance of this electronic currency and perhaps in the future Russia is getting richer thanks to bitcoin.

Russia's move to recognize the legitimacy of Bitcoin as a currency seems to be getting closer. Establishing legal status for Bitcoin as a currency not only makes it easier for members of the public to use cryptocurrency in various applications that indicate that bitcoin will actually be adopted by Russia.

LOL. Please wake up guys. Russia will not recognized crypto, not even Vitalik's Ethereum. Just look at articles last week, specially around the March timeline, they have released so much news about crypto that everyone jump on the bandwagon that they will accept crypto, but up to know what happened? NADA. So I suggest that you should forgot about Russia, just like we forgot about China. And if ever you positive news about them, the next day you will find someone making a complete contradictory statements, that's been the case and will be in the next couple of years.

Russian people will always find a way around any regulation. So now the whole russian business is working. Therefore, such exchanges will soon open at every corner.

Yes, Russia is in the process of adopting cryptocurrency. Even a few months ago, I heard a news that said: President Putin announced his support for cryptocurrency in Russia and ordered legislation to create infrastructure for its national adoption. Five distinct legal structures were created: for taxing cryptocurrency miners, nurturing blockchain technology in business, regulating initial coin offerings (ICOs), and creating a comprehensive payment system for citizens. The most startling announcement was Putin’s intention to build a digital version of the ruble called ‘CryptoRuble’.

For me this country could be one of those places where crypto will be legal faster than in others, who knows if their goverment won't make this before 2020.

we all know that some big countries are trying to adopt bitcoin, like Rusi because the development of bitcoin in Russia is so fast that they try to adopt bitcoin as a legitimate transaction tool. The government's vision to monitor all of these transactions seems to be a little over the limit. Financial governance and regulatory bodies are also expected to contribute to decisions regarding the legal status of Bitcoin in the coming months. Once this decision is approved, the relevant departments and ministries will begin drafting new regulations and compliance requirements for the Bitcoin platform and the cryptocurrency community.

I do not believe that in Russia, under the current government, people are allowed to use crypto-currencies freely. That is the only excellent item in Moscow for the exchange of crypto currency if not yet closed, then they will close soon. The representatives of the authorities and politicians have more negative attitude to the crypto currency than positive. Adoption of the laws on crypto-currency in the State Duma of Russia is postponed for this autumn. First let's see which of the bills they will accept.

The thread was created in April and yes though this news has become bit older, its kind of a reminder of good things happening around about crypto currencies. Russia, a grown country appreciating and welcoming crypto currencies in their country is really adorable. Other countries should start looking into the benefits of accepting bitcoin and other crypto currencies as well. I do hope that the number of countries looking at bitcoin's growth and their will to accept is slowly seen and the same is expressed via medias.

there are several voices from inside the Russian state that are trying to embrace the cryptocurrency, namely some of the big companies that are there, some things related to the planning, also considering emission exemptions. Later, it is not only computers that can produce certain algorithms such as Bitcoin which have no legal responsibility to handle it.

And Russia will soon join the ranks of countries that understand all the possibilities of this currency.

For years Russia and its government, in particular, have had unique love-hate relationships with Blockchains, Bitcoin, and Cryptocurrency in general. But, today, Russia is a breeding ground for cryptocurrency innovation. Cryptocurrency is always popular in Russia. Russia is a potential center for the inevitable cryptocurrency revolution.

Under the current Putin-Medvedev rule, Russia will not adopt good laws with respect to the crypto currency. These are all words, and then they are constantly contradictory. In practice, in Russia any actions with respect to crypto-currencies and, in general, the freedom of citizens are prohibited. Hypocrisy is erected in the government of this government, so I think that while Russia for the crypto-currency world is lost.

Is that really possible to happen? I mean if economic condition changes, it is possible to be adopted, but looking at the fact these days, seems it is still far that Russia will adopt cryptocurrencies, since they are stable and developed country with the running system they have now.

Russia is a stable and developed country, with the system under Putin's command today I think it is useless to hope that cryptocurrencies would be legal and used in the country.

Ideally, majority of the crypto services have left lawmakers and regulators in a dilemma as it is a new technology and they don't fully understand its operations. So we hope this initiative is bot impeded upon by government officials (especially when people have built trust with it and are enjoying the services rendered).

Because Russia understand how resilient bitcoin how fast  and reliable currency if your country many bitcoin currency  circulating it mean also that  your country economy is doing well because the economy will evolve because your will have a buying power it will generate jobs and provide people good income.

In Russia, the law on crypto-currencies has already been adopted. According to this law, crypto-currencies are property, and mining is entrepreneurial activity.

More and more countries are on the verge of accepting crypto currencies with open arms. And Russia is no exception. But according to what I've gathered from recent posts and articles that I read lately, I have found that bitcoin and other crypto currencies. More than 50 percent people have not even heard of this market and aren't really aware of bitcoin.

Read more about this survey @ https://cointelegraph.com/news/44-percent-of-russians-have-heard-of-cryptocurrency-new-survey-reveals

Also if there are certain steps taken on by the authorities to adopt crypto currency and make more friendly regulations for the operation of the crypto market, then it is a good start up move.
 

This news was older but anyway this is the good news to hear. Many countries not support crypto and announced bitcoin as illegal. In this situation one country came forward towards crypto means it is a victory for crypto. Russia is a grown country that supports blockchain technology and bitcoin exchange opened. People in the Russia always adopt for new technology is the main reason for the countries growth.

make no mistake, Russia has legalized bitcoin for a long time and is now trying to adopt bitcoin, there are many companies that use bitcoin and there have been many transactions carried out in Russia using bitcoin it seems here you are very uninformed

Russia's new law enactment is digital rights and smart contracts that define cryptocurrency and tokens as property rather than legal payment instruments, this applies the rules of action in the sale of tokens and rules governing ICO projects, legalizing crypto mining.

The Russian government is considering the adoption of cryptocurrencies at the state level in order to legitimize these relations, but the government is in no hurry to accept the market conditions and the needs of the economy in the openness and transparency of all operations related to the money supply. It's just not good for the authorities. Cryptocurrencies and their activity imply openness and trust, but in a corrupt society with a developed speculative component, it is very difficult to build an open economy that is accessible and understandable to all citizens. The government is only interested in taxing and making its profits from this process, and the use of technology is in last place.

that's what many say and I have read news about that when russians have accepted the crypto. so nice for crypto like this. because of the size of this country it can greatly help crypto.

Russian authorities are planning to pass new legislation that would effectively legalize cryptocurrency markets by summer 2018.

The bill, which the State Duma Committee on State Construction plans to support, will establish a legal basis for digital rights and digital transactions, Head of the State Construction Committee Pavel Krasheninnikov told Izvestia. The bill does not address all of the president’s directives, but its presents conditions for further regulation of the digital currency industry, said Igor Sudets, director of the Plekhanov Russian Economic University’s “Blockade for Lawyers” educational program.

The bill is scheduled for consideration but since that time, I havent found any useful info regarding its adoption.

The source: https://www.ccn.com

Russia used to be very hostile to the crypto-currencies, despite the fact that a lot many of the earlier Bitcoin startups originated from that country. As a result, many of these startups moved out to less hostile jurisdictions. Anyway, it is good that finally they have realized the mistake.

Moscow is the capital of Russia in that case crypto exchange is lunched in only moscow city this is amazing decision. Russia is a known cryptocurrencies adopted country. Government still has not yet crypto currencies regulation this sound is not good.

What a crap! Are you from Russia to know how it's the deal there about crypto? 'Moscow is the capital of Russia' did you say that only to make your comment longer or what?
Russia is neutral territory for crypto and the final decidion about crypto regulation still wasn't taken there.

I believe so because there are so many ICOs where the team are consists of Russian devs. They are in the same level of USA when it comes to supporting the blockchain. Putin also discussing the regulations and it might takes some time but I know that the decision will be in favor of it.

Recently, several laws have been passed in Russia, which, on the one hand, are tightening the use of cryptocurrencies, and on the other hand, they have no effect on this, since it is very difficult to implement state control. But there are movements by the government. This is anyway a good signal.

Surely the Russian government is very aware of the currency revolution, so if you don't want to be left behind from western countries, Russia must follow the latest technology, bitcoin is the currency that will become the single currency in the future, so who can master or participate in it , then Russia can master world trade, I think many countries have realized this.

it seems that it can be reversed, if Russia supports crypto and starts socializing with entrepreneurs it seems there will be an increase in the Russian economy, Russian currency can collaborate with crypto, both of them can complement each other, if crypto can be an alternative payment other than the dollar, Russia can avoid threats inflation, so crypto can be a solution if the government wants to open up.

between big countries are experiencing a shift in competition in the payment system, especially currencies, the government is likely to want to start adopting blockchain technology that allows them to be free from the influence of the dollar, the world currency today, if they succeed in crypto then the state of world trade will be more stable because Americans cannot embargo world trade, the Russian government must have been aware of this.

Russia has not legalized cryptocurrencies yet. but the government already wants to tax miners and also impose taxes on traders. Therefore, even if cryptocurrencies in Russia are allowed, it is only for people to pay taxes to the treasury.

the Russian government is certainly aware of the extraordinary potential of the bitcoin currency, but maybe they are weighing the disadvantages of the state legalizing and supporting bitcoin, but seeing the development of the big Russian businessmen have begun to be interested in this currency, the government should be willing to facilitate the user, because there are many benefits that the Russian government can get.

First you need to separate the two: Blockchain and bitcoin. Its two entity so if Russian wanted to invest on Blockchain Technology it doesn't mean that they going to adopt crypto. But adopting Blockchain Technology doesn't mean that they will be free from USD influence in an event of trade embargo. So already have their Rubble, but as far as I know, we haven't heard any success about it. Actually, all crypto back by government hasn't been successful as well, just look at Venezuela's Petro, it didn't work and its a complete failure for Maduro's government.

Russia still has not received crypto, but what happened on the ground does not seem to be a problem, because we can see many business people in Russia doing crypto trading, of course the government certainly knows something like this, it can be confirmed by Russia to study potential eyes crypto money is very large, so in the near future Russia will determine its position, which certainly can support the country's economy.

Politicians and officials of the highest rank of Russia over the past few years have talked a lot about legalization of cryptocurrency, but their opinion was too controversial to create a general opinion about the prospect of its circulation in this state. Putin determined the deadline for the adoption of bills on cryptocurrency in July, then this deadline was postponed to October. However, the year is ending, and no laws have been passed. Or maybe they will eventually adopt a bill that has been under consideration in the State Duma for a very long time, establishing criminal responsibility for using cryptocurrency as a means of payment, since the Russian Constitution,  in this state indicated that the only means of payment can only the ruble.   So where is Russia going in relation to cryptocurrency?

The Russian government understands and is aware of all the risks and benefits of adopting cryptocurrency as a payment instrument . The decision to legalize cryptocurrency requires careful study and preparation , as the Russian economy is subject to strong fluctuations due to external factors . As they say in Russia: " Russian harness for a long time, but go fast."