Russia says BTC will never be legalised - do you think we'll see a knock on?

[sofi@]

Russia is a country that has their own regulations which was not affected by any popularity all over the world for this country when they imposed rule they stand on it and no one can change it. Now with bitcoin if this country declares that they will not support the legality of bitcoin it's their choice besides since control over bitcoin is a big issue so far we cannot blame many countries if they are afraid of the technology bitcoin has.

[ViceOfBTC21]

Some Russians are using it over Tor to don't get caught. I know one which goes to Poland to buy lots of bitcoin so they won't worry about going to Poland too often. They use Bitfinex onion service to trade Bitcoin anonymously and safely. The Cryptorubble is parody and it's useless because it's emitted by government so they might as well don't use it.

[JohnHero]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

Russians! If there would be a cure for that they would say they won't use it because it's not Made in Russia. This is bullshit.

[hero1111]

Bitcoin is playin in world league and bitcoin is not only for Russia and  Russian law is free to consider bitcoin as a legal entity  or not but i think most countries will expect it as a legal money in the future  , time will show it to everyone!

[ranggawulung]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

Russia has always been a backward country. And now they do not understand and do not see this chance to raise the level of development of their country. It is very unfortunate that Russians do not learn anything.

[MakeMoneyBtc]

How can a country ban a cryptocurrency like bitcoin? if it is dezentralized you should not have to worry about it or did i forget something?
i know they can close exchanges and so on but you can still buy/sell things with btc or bring btc on your smartphone from a third party country.

so please correct me if i am wrong and tell me why...peace out

Well, there are different ways to ban bitcoin:
First of all you cannot use your credit card or bank account to sell or buy bitcoins. If banks discover you did something like that they could block your account and also take your money(if a country would banbe bitcoin)
Secondly, you cannot buy anything with bitcoin from anythe shop because governments will restrict shops from accepting bitcoin as a payment method.
So you could use bitcoin only as an investment and you have to find a way to sell your profits without government to discover any transaction related to bitcoin

[oktana]

For some legislators in russia, bitcoin is just a kind of monopoly game money that tries to have real currency value, it's very strange because russia also has ethereum as a prime crypto medium, if eventually they do not legalize bitcoin and even ban it, then the government will not get the economic benefits of crypto taxes, bitcoin users will remain active and choose to make transactions through indie transactions globally.

[Trivelius]

Most govs see bitcoin as a threat and some will try to get rid of it

No I think they are wrong, I am not sure when will bitcoin will consider to be legalized all over the world but I know one day bitcoin will achieve its target and will be use in many countries as a official currency. The way now bitcoin popularity and price increases I am sure bitcoin will get a lot and near to its future.

[filharvey]

Russia being a communist country will never allow anything which would make their people free from their hands.It does not encourage liberal ideas.Putin being a dictator had already said that bitcoin is a pyramid scheme.So,its quite natural that russia would be taking its stand against bitcoin just obeying its president's command.But bitcoin is also unstoppable being a decentralized currency.Russia could not ban bitcoins completely.

[bitor]

Noone , noone can stop bitcoin. Banking is over. The new era has begun!

[buiting]

Many countries will never legalized bitcoin and will try to ban it or start new coin against it like what Russia done.

in future price will make bitcoin strong and can’t effect with any ban

[BartS]

Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.

That is not the worst thing it can happen, do you think the Russians are dumb? Do you think they have forgotten the previous economic crisis they suffered? Many old people still have dollars just in case something happens, so if they just create their own coins people are not going to adopt them and those that do are going to be eventually disappointed with those coin and are going to move to bitcoin.