Bitcoin Forum

Cryptocurrencies will have a special status, which has never appeared in Russian legislation before, and will be regulated on the basis of laws and regulations that will be issued by the Russian Central Bank. The Central Bank will issue licenses for exchange operations. In this regard, the status of crypto owners will be notably facilitated in comparison to securities owners.

https://cointelegraph.com/news/russian-lobby-group-to-present-alternative-bill-on-digital-assets?utm_source=Telegram&utm_medium=social

We all know that all the crypto currencies we are familiar with are decentralised one and thus there is no such proper authentic regulating body over these who could regulate the activities of these currencies and thus leading to its illegal use but still there are some countries who has understood the fate and potential of these crypto and legalised it in their nation and Russia is supposed to be the largest country and I thing this is the very great landmark for crypto that its use has been started in Russia 🇷🇺.

Russia flip flops on crypto regulation every other month. I wouldn't rely on anything until it's passed into law, signed by Putin himself. This is just a proposed bill.

It affects us in the sense that geopolitical powers are competing against one another. As I see it, favorable legislation from one superpower is good, because hard-headed anti-crypto legislation from others would only put that superpower's industries (crypto and finance) at an advantage. That's irrational.

This is just one of many bills submitted to the State Duma of Russia for consideration. This bill has virtually no chance of becoming law. I think that in the coming months Russia will finally be able to pass laws with respect to the crypto currency, but there will hardly be good laws in Russia on crypto currency. I think that we will most likely be disappointed.

it is not Russia, it is the news and the media that flip flops on the news they report about Russia and cryptocurrencies! that's how the bitcoin media has been working for a couple of years now, pure click bait nonsense without even a real backing story. they even sometimes create stories on their own based on their imagination.
as you can see the news is from cointelegraph, a news site that is known to publish things like this!

Unfortunately, it is not limited to Russia; there are India and many countries.
Much of the news has been repeated to create panic and optimism. This situation draws investors into buying and selling.
When ETH dump, a lot of misleading news was returned, so those who did not have any experience would understand the reasons for the decline based on the story and so on.

Be smart and check the news

Knowing Russia's on-off stance regarding cryptocurrencies, I wouldn't be too optimistic on this report. It might appear as strongly positive now, but once it goes on into scrutinization, see how it falls apart and slammed hard, as was the case for Russia in the past 4 years or so. Unless the man himself (Putin) signed this proposed bill, this wouldn't come into play and won't materialize.

Depends on Putin lol. He seems to understand crypto better than most other leaders though, even going on record saying that by definition, no country can have its own cryptocurrency:

https://news.bitcoin.com/putin-cryptocurrency-has-its-place-no-state-can-have-own-crypto/

So he probably has a deeper understanding of how crypto works than even some users lmao. Looking at the link, he seemed rather open to the idea. He might have stronger opinions behind the scenes though, so I guess we'll see how it goes.

The Russians seems to be progressing a lot in the crypto market. Plus the concepts that they are coming up with seems to be quite promising too. Some details are not yet clear such as the concept of digital sign and would have been better if the details were a little bit more transparent.

That's an informative article. An alternative bill is proposed by the lobby of  Russian group of industrialists and entrepreneurs. This new alternative bill is claimed to have aborted all the contradictions of the last "On digital financial asset". This alternative pill is created by many rich persons.

i expect still a corrupt system even if they pretend to create it as a altruistic one

latent corruption is difficult to fight

That's an interesting article. The Russian group of Industrialists and entrepreneurs proposed a new bill. This alternative bill will have three digital assets. Tokens, cryptocurrencies and digital sign are the digital assets.