Russia officially allows Bitcoin

[Rahar02]

Russia has always been one of the most hostile regimes towards Bitcoin. There were drafts proposing to criminalize the use of Bitcoin with a penalty of up to 3-5M Russian rubles (over $50,000) or even with a term in prison. But just a few days ago the last such proposal was scrapped, and it seems that the authorities are no longer trying to turn Bitcoin users into criminals.

In July the Russian Ministry of Finance had stated that it intended to allow citizens to buy cryptocurrency for the purpose of reselling, exchanging, and using beyond Russia. At the same time, the same proposal suggested banning Bitcoin mining since it was considered as issuance of currency. And just a month later Alexei Moiseyev, Russia’s deputy minister of finance says that the ministry (which has long tried to pass a bill to ban digital currencies altogether) denounces any direct ban of Bitcoin.

So it looks like the last unassailable fortress standing between Bitcoin and its universal recognition across the world is about to collapse

If this is true,this is really good news.

Hope that this will have some impact over the bticoin price.

Maybe bitcoin mining will be profitable in Russia as well.

That's right, if Russia allowed citizens to buy bitcoin will impact on it prices as more people using bitcoin to shopping, selling, services as a payment.
More countries adopt bitcoin we hope that would be make the price keep increasing from time to time.

[Stinkey]

There a few company's in Moscow that are and have been selling mining machines for sometime.  There has been some good progress and I do fell it will be allowed sooner, but it does scare you when 7 years imprisonment for anything to do with bitcoin.  

here some good positive news I seen lately.

http://www.econotimes.com/Moscow-gets-first-physical-bitcoin-exchange-263630

http://forklog.com/v-moskve-otkrylsya-statsionarnyj-bitkoin-obmennik/
 

[BTCLovingDude]

There a few company's in Moscow that are and have been selling mining machines for sometime.  There has been some good progress and I do fell it will be allowed sooner, but it does scare you when 7 years imprisonment for anything to do with bitcoin. 

here some good positive news I seen lately.

http://www.econotimes.com/Moscow-gets-first-physical-bitcoin-exchange-263630

http://forklog.com/v-moskve-otkrylsya-statsionarnyj-bitkoin-obmennik/
 

Russia always had a weird kind of relationship with bitcoin in my opinion. they have been saying we will ban bitcoin and imprison anybody who uses it but there were no rules about it and now they are legalizing it. besides i have been hearing news about their big bitcoin conferences in Moscow every year.

[bitbunnny]

Russian hackers are among biggest users (stealers) of Bitcoin. Since we all know that many of them are working for russian governement maybe they have estimated that legalizing Bitcoin could be in their best interest and everybody is happy.

[Stinkey]

There a few company's in Moscow that are and have been selling mining machines for sometime.  There has been some good progress and I do fell it will be allowed sooner, but it does scare you when 7 years imprisonment for anything to do with bitcoin. 

here some good positive news I seen lately.

http://www.econotimes.com/Moscow-gets-first-physical-bitcoin-exchange-263630

http://forklog.com/v-moskve-otkrylsya-statsionarnyj-bitkoin-obmennik/
 

Russia always had a weird kind of relationship with bitcoin in my opinion. they have been saying we will ban bitcoin and imprison anybody who uses it but there were no rules about it and now they are legalizing it. besides i have been hearing news about their big bitcoin conferences in Moscow every year.

Very true,
I use my XAPO card often there and never had an issue.  

[springgers]

They shouldn't have taken the "illegal" approach in the beginning IMO, Just embarrassed themselves when no russian traders/ exchanges cared about the restrictions, if they are so afraid of the value of the currency being impacted by BTC they should have taken positive measures rather than the banning approach.

[Red-Apple]

They shouldn't have taken the "illegal" approach in the beginning IMO, Just embarrassed themselves when no russian traders/ exchanges cared about the restrictions, if they are so afraid of the value of the currency being impacted by BTC they should have taken positive measures rather than the banning approach.

i am not living in russia but from the second hand information that i have gotten so far i think the initial position of government against bitcoin was mostly talk and not a real threat or a law against using it.
but now it seems to be officially legal to use bitcoin.
and many other countries are like this too, even in my country you hear in the news that they say some government official said using bitcoin is illegal but the law for it doesn't exist anywhere.

[lavapits]

If true then this would be a pleasant news. with the acceptance of bitcoin in countries such as Russia, the movement and deployment of bitcoin will be more extensive. the population of Russia is very much going to give a positive impact.

it is really true and im really delighted to hear that, i hope that bitcoin is going to become way bigger because of that in the near future

[drwtsn32]

If true then this would be a pleasant news. with the acceptance of bitcoin in countries such as Russia, the movement and deployment of bitcoin will be more extensive. the population of Russia is very much going to give a positive impact.

Russia could even give a good competition to China.
A battle of population and a battle of unity.
Let us see what they have to offer to us.

[deisik]

If true then this would be a pleasant news. with the acceptance of bitcoin in countries such as Russia, the movement and deployment of bitcoin will be more extensive. the population of Russia is very much going to give a positive impact.

Russia could even give a good competition to China.
A battle of population and a battle of unity.
Let us see what they have to offer to us.

Something like David vs Goliath epic battle?



It's not the size of the dog in the fight, it's the size of the fight in the dog, as Mark Twain once noted (in his time dog fights had been insanely popular, thus he knew what he was talking about)