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Author Topic: Russia wants to produce cryptocurrency legally  (Read 346 times)
Raist
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November 13, 2017, 07:55:30 PM
 #21

On November, 2017 Russian proposed to create free economic zone to produce cryptocurrency legally. They have plans to bring there powerful hardware for mining. Does not it mean that doing it Russia wants to run away from sanctions – dealing with crypto, they will trade with Europe.

What do you think about this?
very good if it's there, but can you give me the source of the news? I want to see and read it

As far those are only gossip. It can tomorrow turn each way. But for Russia with not rich but technically smart  masses and electricity cost about 1-2 rubles for kilo it can be a win-win.
Mr_McKska
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November 13, 2017, 08:03:32 PM
 #22

obviously this is very good for his country ,, we all know that russia is a country that has a pretty strong economic system, .. but with this legalization russia can build many business with crypto currency .. and this will bring bitcoin in safe point with prices are likely to reach $ 10-15k in this year ...
Oh, mate, you're wrong. I live in Russia and I can tell you that there is no any "strong economic system" here. Russia is a "kleptocratic totalitarian state" as it was absolutely correctly noted above, here we have a full-scale economic crisis, poor people and no any prospects at the moment. And I'm almost sure that no any government crypto projects will be realised in Russia. And even if they are realized it will be done in the interests of a narrow group of individuals and not of the country or people.
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