Bitcoin Forum

The telecommunication authority of Russia Roskomnadzor earlier blocked Binance into Russia and added it to the blacklist database. Later the restriction is resolved. Now it has blocked the access to localbitcoins, and people find a way accessing with VPN. Russia is the leading country for the P2P Exchange operation contributing around 20% of the trading.

Russia being one among the supportive country for cryptocurrency have stated bitcoin usage as payment is illegal while people are free to buy and sell which is the reason for the increased trading on Russia through localbitcoins than other countries.

More reasons for people to use other better P2P exchanges such as HodlHodl[1] and Bisq[2]. Like seriously, LocalBitcoins should be irrelevant know due to pretty much little to no difference between these exchanges(besides probably the thicker orderbooks on LocalBitcoins).

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[1] https://hodlhodl.com/
[2] https://bisq.network/

That news didn't come as a shocker though! Russia was always an anti-crypto nation like any other communist countries and they have already declared cryptocurrency as not a legal tender long back. So it was no wonder that they would eventually block trading in their country, which has now come into effect! I understand people can still use it through VPN, but a large percentage of population will be effectively discouraged before using localbitcoins now because common people usually don't want to break laws. The only hope is that, we have some other platforms like Paxful or Bisq which may come into rescue at this point!

But if I look for a long term perspective, Russian government will eventually declare cryptocurrencies as illegal. At least the trend is showing this way! It seems like Russian government will ban it in a stepped-up measure.

Paxful is basically a scammer marketplace and I was really disappointed by their service.Look at Paxful's Trustpilot score and reviews and then look at Localbitcoins reviews and score on Trustpilot.Localbitcoins is way more legit than Paxful.
I've never heard about Bisq or Hodlhodl.
Anyway,I assume that Russia will ban all the P2P crypto exchanges,since the service which they offer is basically the same.The Russian government doesn't want capitals to get exported outside Russia and cryptocurrencies are an easy way to export money outside the borders.
 

Yeah I was kinda disappointed with the $250 limit on bisq... Hopefully those will increase sson - I think even good history accounts have a limit risk of $1k... And bisq likes tor, not sure if that's fully legal over there..

I imagine there's a game the east are playing as to who can make crypto illegal last while maintaining control over their citizens (but not making it look like there's too much control or something). And they're probably under pressure since people with enough knowhow to use bitcoin, probanly have enough to leave the country and get a job elsewhere....

I don't know why you call Russia communist. The economic system running this country has been capitalism for more than thirty years now. China is not a clear communist country anymore either. It is a mixed system today with a government party rooted well in every aspect of Chinese society. The only clear communist societies remaining today are North Korea and Cuba.

Russia has given legal status (https://cointelegraph.com/news/russian-lawmakers-finally-pass-countrys-major-crypto-bill) to cryptocurrencies with a law they passed recently, but they demand all these assets to be declared with their tax authorities.  They also restrict the use of cryptocurrencies as payment options. So the only reason they passed this law was to tax the crypto holders. They have given legal status to Bitcoin and all digital assets.

LBC and paxful are pretty much same, more chance of trading with an hacked account and end up losing your money and your bank account. Banning will leads to the decrease in the revenue because people won't report their cryoto earnings and use the other ways to cash them out sooner or later.

It's a shame that this is happening with the Russian crypto community that loves Crypto. The authorities in that country allege that the restrictions with LocalBitcoins are due to the fact that it illegally disseminates information to the public. Perhaps LocalBitcoins needs to design its platform to adapt to the basic data protection requirements of its users.

https://decrypt.co/44902/russia-blocks-p2p-crypto-exchange-localbitcoins?amp=1 (https://decrypt.co/44902/russia-blocks-p2p-crypto-exchange-localbitcoins?amp=1)

It is not yet a problem for Russians, they can still access localbitcoins by using VPN, what is just the issue is to use a safe and a reputed VPN, the best and safe ones are all paid ones, unlike the free VPN that sells peoples information to thirdparty. Accessing localbitcoins by Russians is not a problem at all because accessing it using VPN is not blocked.

Also, localbitcoins should do their best in a way to avoid such block that can happen in any other country,  also try their possible best to get things solved out in a way Russia will unblock them.

@OP, we will appreciate if you could provide us a link to your source. :)

They can't prevent citizens to use bitcoin this way. Lately, Localbitcoin needs KYC passed, so using a VPN would be risky. LocalBitcoin is a centralized peer to peer exchanges, they would block account. I think it would be better to use decentralized peer to peer exchange like LocalCryptos (https://localcryptos.com/). They don't require KYC and funds will be under the control of you since it's a non-custodial crypto marketplace.

I wouldn't agree to use Paxful. Some of my known people have been using Paxful, and I have seen they had faced many issues especially about scams.

Russia has big trade volume on P2P marketplaces but they are not the biggest nation and the Eastern Europe is not in top-2 biggest regions. Charts above show that.

• Charts are for total trading volume on two P2P marketplaces (not for all P2P marketplaces): LocalBitcoins and Paxful. From there (https://www.usefultulips.org/Combined_World_Page.html)
• 4 biggest regions are North America (https://www.usefultulips.org/combined_North%20America_Page.html), Eastern Europe (https://www.usefultulips.org/combined_Eastern%20Europe_Page.html), Asia Pacific (https://www.usefultulips.org/combined_Asia%20Pacific_Page.html); Western Europe (https://www.usefultulips.org/combined_Western%20Europe_Page.html)
• Details for Russia (https://www.usefultulips.org/combined_RUB_Page.html)

I always tried to give locals my advice that they should immediately activate 2FA for their accounts and choose applications, not SMS code. OP pointed out the sad story that telecommunication companies can block SMS code from crypto exchanges. They are allowed to operate under acceptance of governments and it is understandable if they block SMS code by government request.

Newbies think SMS code is available and they don't have to do anything (app installation, ie.) but they are wrong. They can get troubles later.

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It is not for newbies who don't know how to get txhash for their deposits. P2P marketplaces are not for unknowledgeable newbies.

Generally on P2P marketplaces, people have to get familiar with platform operations, rules, how to choose good trade partners (old accounts, high total traded volume, good trade feedbacks -- in amount of positive and descriptions) and disputes (how to save evidence and provide enough information for moderators). They should know how to make video record for their trades (just in case, they have to open dispute against scammer).

Moreover, most people choose P2P marketplaces with initial reason simply because of better rates than on centralized exchanges. Better rates ~ higher risks. Most of newbies get scammed with offers that are too good to be true. Experienced traders will avoid such offers.

One of key rule: "Don't release bitcoin if you have not yet received money". Bitcoin transactions are irreversible so if you release it you will lose it. It is one of warning message for each trade but newbies simply ignore and don't read it. They want superb fast trades, click click and click.

Start with small trades, and learn with scams. The fee for learning is small. I don't think it is acceptable to be scammed but the smaller stolen money the better.

Yes they banned localbitcoins and binance websites but people are using vpn and binance app.


It is clear you have no idea what are you talking about.
If you research a bit more you will find that russian government is using blockchain a lot and crypto is not banned in russia, they just have their own regulations that allows use of crypto but not as method of payment yet.
The adoption of Bitcoin in Russia is growing regardless of regulations and Russia encourages blockchain tech.
One more thing is that next federal elections will be held using blockchain and waves tech, so think about that:
https://twitter.com/wvsenterprise/status/1298973278636130305

As for ex-communist countries I will name just Estonia and Slovenia, most crypto adopted countries in the world.

The thread was created today but the news has been existing since two or three days ago. You can read about it in details on cointelegraph using the link below.
https://www.google.com/amp/s/cointelegraph.com/news/major-p2p-crypto-platform-localbitcoins-is-blocked-in-russia/amp

Not that shame of but their government has shown a negative flag even before this happens. But it's just that the crypto community there are persistent and don't show any signs of stopping as it's already established.

Hopefully someday that this treatment of the Russian government for crypto services(exchanges, etc.) will change.

In the past, they allowed people to mine cryptocurrencies but they're not allowed to trade them within Russia. This is a wise move to benefit from the crypto market.
The problem with the Russian currency is that they have a little market for liquidity and they don't want bitcoin or crypto to lower the liquidity of the Ruble.
They are doing everything they can to avoid the collapse of their national currency. Using cryptocurrencies benefits the people but not the Russian economy.

it is good for me to know more about russia blocks localbicoins
thank you for posting this post

I'm not living in Russia But according to what I know from the Russian government, I can definitely say since localbitcoins is a P2P exchange and the governments is unable to monitor the information on it the blocked it. Just like any other P2P exchange. In the other hand just like many other countries due to the power of Bitcoin, they can't officially ban bitcoin trading. So, they announced that any buying or selling bitcoin is not forbidden. However, is this case by using a VPN server people can get trapped by the VPN providers to trace their information, specially if they are using vpn for financial stuff.

The government in Russia increasingly wants to regulate cryptocurrency. After blocking localbitcoins, you should expect blocking of all known VPN services >:(. Yesterday's news reports that unskilled investors will be able to buy $8,000 worth of cryptocurrency.
https://zycrypto.com/russias-central-bank-wants-to-limit-the-amount-of-crypto-unqualified-investors-can-buy-annually/

Laws are becoming more stringent every day in relation to bitcoin, nevertheless, Russia plans to create its own digital ruble, which, as we understand, will be very closely controlled by the government.
https://cointelegraph.com/news/bank-of-russia-issues-consultation-paper-on-digital-ruble

Actually, if we refer strictly to LocalBitcoins they are, they have the biggest volume of 678 BTC while Venezuela has only 502 BTC ,and the percentage the OP mentioned is pretty close, 678 out of 3667 is 18.4%.

This makes zero sense whatsoever.



They are just passing some law to make them look like they are doing something and at the same time not doing anything at all.
If they really wanted to stop people from trading there they could have done it pretty easily, infiltrate the platform, contact some of the traders there and make a deal, then when they receive the money they get all the info about who the trader is if he's dealing with a bank account. Just look at what is happening in the US:

US Homeland Security Charges LocalBitcoins Seller With Money Laundering (https://www.coindesk.com/us-homeland-security-charges-localbitcoins-seller-on-money-laundering-charges)
9 Years: LocalBitcoins Trader Sentenced in Latest Money Transmission Case (https://www.coindesk.com/9-years-localbitcoins-trader-sentenced-latest-money-transmission-case)
Arizona Bitcoin Trader Sentenced to 41 Months in Prison for Money Laundering (https://www.ccn.com/arizona-bitcoin-trader-sentenced-to-41-months-in-prison-for-money-laundering/)
LocalBitcoins Trader Gets 21-Month Jail Sentence
 (https://www.redpulse.com/china/20190530/localbitcoins-trader-gets-21-month-jail-sentence--0559c085a0)

And of course , the case of BurtW (https://bitcointalk.org/index.php?topic=934268.0)

If anybody thinks that dealing on LocalBitcoins makes you untraceable you need a reality wake-up call.

True. But regardless, I'd still recommend HodlHodl far more than LocalBitcoins simply due to the fact that HodlHodl doesn't require KYC(at least currently.. *fingers crossed*).

Bitcoin is accepted in Russia but within a very limited number of use. Not included in the limited uses is being a currency or a form of payment.

The worse thing about the prohibition of Bitcoin being used as payment in Russia is that the order is quite wide that it also covers those crypto businesses which are somehow promoting Bitcoin as a currency. They are also included in the blacklist.

This is bad for Bitcoin as designed. Even if Bitcoin may grow in Russia it will never fulfill its purpose of being the people's money.

Even if russian people doesn't have a full control to their own bitcoin, it is not bad because bitcoin is not yet well recognized on their country and being able to use it on their country this early is a good thing. Bitcoin being people's money doesn't need to be goal on their country. If they don't want it to become the people's money then we should't force them and all we can do it to promote it on the other countries until all the country around Russia manage to make bitcoin a people's money then Russia are surely going to approve it.

Actually, this also happens in my country because of certain reason. And we cannot avoid it and must still use Binance exchange by using such VPN or DNS.

Isn't this the first time Russia has banned LocalBitcoin? If I'm not mistaken, LocalBitcoin was also banned in Russia in 2016. However, from the past, when this happened, people could still access it using VPNs or Tor. This will continue. If so, what's the difference? Is this just a formality? Or will there be a continuation if caught accessing or using LocalBitcoin?

I'm a little bit curious about the exact reasons why the government banned again LocalBitcoin there, as it is the biggest P2P exchange that mostly used by Russians. However, I am also sure that the government will never make mistakes for the reasons. We do not know the issues and also problems happen exactly there that probably influence the financial system, security, and also the services.

Damn, I really hope someday this anti-human laws in Russia BS will be over. Until then I see nothing good, esp conecrning crypto perspectives in this region

I think taxing is the problem why Russia decides to block localbitcoins. Maybe there are regulations and tax on bitcoin third-party exchange so that they can easier to collect tax from the trader who participate in bưying and selling bitcoin. Tax is obligation to the citizens. By using tax, the government can upgrade facilities and infrastructure for better life condition

I know that most of the people want to avoid paying tax with cryptos. But as long as you want bitcoin to be adopted, you have to accept what the government is dealing with it. Restriction will make bitcoin more popular. There will be news about it in Russia

Well if i was in Russia i would be looking to have tor working using obfs4. A vpn may work but can ultimately be blocked.

Why would a gov want to block exchanges? maybe to impose silly restrictions like you can only buy 8000 USD equivalent of bitcoin per month. The foolish politicians think they can force their outdated thinking to something that is simply beyond their control.

Sad news for Russians, but be smarter than your gov, i know you can do it.

We, the people of the world, are oppressed by the State, some a bit more than others, but oppressed none the less. Bitcoin is freedom, and they hate that, politicians want to dictate what you eat, what you watch, and what you do. Its in their nature, therefore you have to be ready to counter it.

Bitcoin is the end for the State meddling with the money itself (everyone's wealth). They cannot enforce this, there will be resistance. The Russians are no fools to technology, unlike their politicians. Perhaps the Ruble is on free fall, which would explain this absurd attitude, and this is the signal to get rid of it asap.

Also it is a good opportunity to petition certain sites to be friendlier to freedom enabling technologies like tor, do not treat tor users like abusers, many people use it precisely to reclaim their freedom. You can stop abuse without disabling tor access entirely.

I love reading about Russia, especially that it is a communist country ;D ;D

Roskomnadzor has blocked bitcointalk.org for a long time, but as you can see, the Russian local board is the largest on this forum. ;D
Bestchange has been working through the mirror for a long time.
Localbitcoins resembles a centralized exchange with "know your customer" procedures. There is now a lot of fraud with other people's accounts, it is safer to change through Bestchange.

You also remember how Roskomnadzor blocked Telegram. The whole country laughed at this circus. They blocked the servers that hosted the services of Russian companies for transmitting reports to the tax authorities, and paralyzed their work, but telegram continued to work. :)

Why this happens - because every judge who does not understand blockchain technologies can decide to block a site. And in Russia, bitcoin is not banned and until the end of 2020 there is not a single current law on cryptocurrency.

I cannot understand what they are trying to accomplish, they are free to trade but then they blocked one of the biggest P2P exchanges that is active in Russia, some things are not adding up but whatever be the situation blocking a site will not mean anything as people are smart enough to overcome those restrictions with ease.

I think the reason why they blocked localbitcoins in their country based on the article I read from cointelegraph is 99% of funds coming from Russian has illegal source as income so government is trying to find those kind of people to make advantage of anonymous usages of bitcoins. Eventually people still uses LBC by using VPN or TOR network so it is not going to take much affect on trading volume unless Russia asks LBC to ban people from their country.

Thanks for the additional details and your figures nearly fit OP's. Russia is more dominant on LocalBitcoins rather than on Paxful and the combined trade volume of the two. I don't know the total P2P marketplace trading volume.

Do you know any source for it? I would like to know it if you can share. It is better to get bigger picture and have another data source to compare with usefultulips.org (https://www.usefultulips.org/World_Page.html)

The figures I presented previously are for LocalBitcoins and Paxful only. They are biggest but not totally represent the whole P2P marketplace.

Not all P2P marketplaces are decentralized or don't require KYC. With KYC documents, if governments force companies to share with them, your transactions are truly tracebale, even with bank transfer. Trade bitcoin or other crypto, the final of capital flow is fiat -- at least at current period when the adoption of bitcoin, crypto is not popular enough.

Even on decentralized exchanges, if you don't make your transactions and use addresses appropriately (address reuse), your transactions can be traced.

If you're interested, the answer is simple - for reporting. Officials do not care about the result of their actions and what will happen after, the main thing is to execute the plan and write a report describing the work done. If they don't, they will be fired or their bonuses will be forfeited. Everything works according to this principle in Russia.Look at the exchange limits
https://www.bestchange.ru/bitcoin-to-ruble-cash.html
 from a few hundred thousand dollars to several million in availability. Moscow has the largest shadow market for the sale of cryptocurrencies, and it will work regardless of the laws in the country.

I want to stress what you said here because it's never enough warning users about the hidden dangers of feeling that false sense of security when trading p2p. One really need to be a brave, smart, nasty mfkr to strive and survive in this madness.

If you are contented to just settle for less then it may not be that bad for you. But for me that is bad enough because it basically takes away the freedom of its people. Bitcoin is not a crime. It is just a technology so why not fight for its legalization?

What if other countries will also not accept Bitcoin to be used in payment for goods and services? Shall we just also say it's okay because the government doesn't want it and then leave? How about the millions of its citizen who prefer to use Bitcoin over fiat?

I am a little bit surprised to their action, is there any information also why they ban localbitcoin in Russia? It will be good if we can see also the reason behind it.

Binance restriction has been resolved, so there is a big chance also that localbitcoins can be unblock also. I am not so sure if there are some problems between Russia and localbitcoins.

Incidents like this are common, maybe there are several factors that affect localbitcoins being banned from the Russian government. There may be conditions that localbitcoins do not approve or violate.

Russia have actually... done something? Quite amazing. They've been threatening since before human were capable of counting. It's a pisser for the locals but perhaps more agile options will take over. LBC has been slowly edging its way downhill for a long old time now.

I always heard about Russia to be the capital of crime, and now they are becoming capital of forcefulness. Forcefully imposing their laws to stop their 'netizens' from trading in btc by banning P2P exchanges while the government mines btc for their own welfare? This is not done!
Aren't they mining btc with their own mining farms while a law was passed earlier that their citizens could not mine btc?

One thing I have noticed about Russia's ban of crypto websites like Localbitcoins and Binance, it's the fact that Bitcoin are being advertised on this site in a way that encourages users to buy in one way or another. Not sure why though.  Regardless of the ban, users can utilize the services of VPNs if need be to access the site. Russia can't completely stop crypto trading.

Can you tell me the reason why Russia blocks LocalBitcoin? This is a big P2P exchange, right? is it related to the law in that country? or, it is only a short issue about banning Localbitcoins?
Many people are commonly panic because of it. Moreover, today, some exchanges are also banned in some countries like what happen to Binance.
fortunately, yeah there is a VPN that can help us. Although sometimes, it is risky enough using it, moreover if it is not paid-type VPNs.

Can I get a link to the source where you read this?
In Russia, mining is not prohibited, and it makes no sense to prohibit something that cannot be controlled.

Here is 1 more news:
Central Bank announced the development of the digital ruble Why does Russia need an alternative to illegal cryptocurrencies
Read more on RBC:
https://www.rbc.ru/finances/13/10/2020/5f8581669a7947769a92c4be

What will happen in practice - the budget will be plundered :)

Even so that they say bitcoin is illegal payment option but people still tend to use it due to anonymity features.

This is why I do believe that bitcoin will never going to end because people run the bitcoin.and without its supporters bitcoin could surely be dead. The question is that no way for now bitcoin will not be supported because of its features that users that like it. Bitcoin could be an investment (one way to earn) trading like in that stock market and you can chose many digital currencies aside from bitcoin so this encourage the community to get involve in bitcoin and other cryptocurrency the market says it all.

https://news.bitcoin.com/russia-bitcoin-forex-legal-mining-banned/
They did it, as they thought btc was illegal and ruble was the only currency they could trust back then so any issuer who could issue (mine) another 'currency' or 'cryptocurrency' was illegal and was ought to get penalized under strict laws.

They'll spend a lot of money to make a useless centralized cryptocurrency nobody will use just like Venezuela did.

I don't know what's going on in Russia but every year they come up with some new opinion about cryptocurrencies and their own crypto was supposed to be made like 2 years ago.

Bad news if Russia blocks local bitcoin exchange and give bad reputation how to bring back bitcoin in Russia, last two years Russia become Europe country wanna adopt bitcoin as legal currency payment and how it happen just one year later Russia wanna banned bitcoin there, I think misunderstanding between local bitcoin and Russia government how to adopt and using bitcoin for the future, surely bitcoin is the best platform how to give payment most easy and faster without higher fees transaction.

Russia has been friendly to the development of cryptocurrency. So many crypto enthusiasts are either Russians or Russia based. So it is most likely tax related reasons this new wave of control is coming.

This is a 2017 article. There was such a draft law in Russia, but it was not adopted. There are a lot of idiotic draft laws in Russia, but mining is not prohibited now, I will even leave you a link to a video where an individual pays taxes on mining.
After he exchanged cryptocurrency for rubles, he pays 4% taxes on the exchange amount. In which country will you find these taxes?

https://www.youtube.com/watch?v=MdvO34K6Ups&t=671s
This video is from October 13

Many foreigners come to Russia and buy cryptocurrency for dollars. Economic laws in Russia are not followed where they can be violated. Russia is a country of great potential.

Perhaps he meant this news.

https://zycrypto.com/brutal-blow-to-miners-russias-new-draft-law-will-ban-crypto-completely-and-prohibit-miners-from-receiving-rewards/
Of course, you cannot accept it without a smile and bewilderment. ???

Not everything is clear with the digital ruble. Why is it necessary when it completely copies all the possibilities of the ordinary ruble? This digital ruble has no unique properties. People can take advantage of exactly the same facilities on their bank cards.

Although the creation of a digital ruble is necessary to introduce some more or less important technology. And at the same time, this technology should not contradict the recently adopted law on digital asset law. :)

The fact is that in Russia no one cares about the laws, let alone Roskomnadzor!)).
Next - the cryptocurrency in Russia does not belong to any category of assets or values, that is, there is no law that would classify a crypto to any category! So turn on VPN and don't even think about locks! They are funny, just like lawmakers!

Localbitcoins is totally useless with all this mandatory KYC rules. This ban will not change anything

Russia's users of localbitcoins are already turning to VPNs to mask their location. in an era where VPNs have become quite common. For Russians, given the constant retractions imposed by the regulator, VPNs are particularly critical.

I wonder how many people in Russia use Localbitcoins? Well, in Russia it is not the most popular site for bitcoins exchange... It seemed to me that this site lost its popularity after the introduction of the mandatory procedure KYC...

Been around on LBC for a while and I can say, there used to be a lot of them. Many I traded with even had options to pay/send in RUB, so clearly, Russian presence even outside of the country.

LBC's definitely lost its sheen after KYC but it is still a decent place. There are many more decentralised P2P similar to or better (some say) than LBC anyway. So little the state can do to prevent people from buying from each other.

We have every reason to believe that the number of active users from Russia will be less than or equal to the number of accounts performed a KYC procedure providing Russian documents. But, anyway, it wouldn't be an accurate estimation because many people still thoughtlessly perform such procedures, even if they are not going to trade on LocalBitcoins.

According to Coin Dance (https://coin.dance/volume/localbitcoins/RUB/BTC), the weekly volume is less than 1000 BTC and continues to decrease. See the graph below:

https://i.imgur.com/vPvUNnU.png

Don't they understand that crypto can be incredibly effective for economic development?

Smart people lead Russia and they want Russia to be one of the backward countries in the world. If you ask why they do it, they don't care.
Their children study at the best foreign institutions, they buy the most expensive real estate abroad and are not going to live their old age in Russia.
Therefore, in Russia all laws are directed against the economic development of their country.

The Russian government has blocked access to peer-to-peer BTC trading platform LocalBitcoins, claiming the site spreads illegal information to the public. Starting January 1st, 2021, cryptocurrencies are allowed in Russia, though they will not be allowed to be used in exchange for any goods or services.

Yes... I stopped using Localbitcoins long back, when they created problems with KYC. Actually I sent them KYC documents multiple times, but they rejected by KYC application giving one excuse or the other. Eventually I gave up and moved to another P2P platform. Afterall, a P2P platform with such extended KYC requirement is more of a mainstream exchange rather than a P2P site.

No official statement has been released relative to the lifting of restrictions on cryptocurrency usage. Most of the country follows the same, bitcoin can be used for trading and shouldn't be used in exchange for goods and services. This is due to the fear of government, that the usage might lead to mass adoption.

Not interested in LocalBitcoins since they changed their policy and added Know Your Customer procedure. Any exchange like Binance provides more services and opportunities for its clients.
In Russian, people will not stop using cryptocurrencies, because the laws in the country do not work. And in Russia there are a lot of other political economic problems, so I hope that the main resources will be directed to other problems.

In Russia, there is now very controversial legislation regarding cryptocurrency. It is possible to store cryptocurrency, but in fact it cannot be used. Cannot be exchanged for goods and services, but a bill is being prepared, according to which transactions totaling 600,000 rubles per year will be taxed.
In Russia, officials have always been very controversial about the future of cryptocurrency in this country, and this attitude continues to this time. They have not even finally decided whether to introduce criminal liability for the use of cryptocurrency.

That is not a major issue; the greater part of trades is prohibited in my nation, yet we can still; access through the proxy.
Additionally, numerous P2P trade on the web like p2p.binanc and local coin swap and do a similar errand.
The main thing that frustrated me is that Russian people will quit utilizing bitcoin as they probably know their nation is anti-crypto.
I believe the government understands their mix-up and lifts a restriction from LocalBitcoins.

In my opinion, in our world there is not a single state with a communist regime for a long time. The former communist states have long turned into an authoritarian state with a clan-oligarchic method of government. The socialist and communist parties came to power on the slogans of freedom, but in the end they all became stranglers of this freedom. The slogans in them remained basically the same, but the content changed to the opposite. Therefore, Russia, North Korea, China and Cuba cannot be called not only communist, but it is even difficult to call democratic states. The level of rights and freedoms in them is much lower than in developed countries, which we recently called capitalist.