Russia Eyes Summer Deadline for New Cryptocurrency Laws

[CryptoProphet]

Any state regulation of the crypto currency will either negatively or indirectly affect the market. Initially, the Crypto currency was completely free, it was not needed to be approved, and any regulation would affect and price go down .

[marielbeckham]

It looks like those two draft laws on cryptocurrencies that have been proposed will be declined and everything will stay the same.

[Kemarit]

It looks like those two draft laws on cryptocurrencies that have been proposed will be declined and everything will stay the same.

Just like a have said many times before, Russia will not accept bitcoin or crypto as a whole because its doesn't give them enough benefits but problems. But to satisfy his constituents, Putin has crypto rubble, but look at how much they put tax on it. They say they are going to establish a bitcoin mining farm, because it really suited their environment, but I haven't heard any news about it. Also they keep on contradicting themselves, that's a clear sign that they themselves doesn't agree with anything related to crypto. I wouldn't be surprised if those law on crypto will be rejected and that is another validity that they won't be crypto friendly after all.

[Basmic]

It looks like those two draft laws on cryptocurrencies that have been proposed will be declined and everything will stay the same.

Just like a have said many times before, Russia will not accept bitcoin or crypto as a whole because its doesn't give them enough benefits but problems. But to satisfy his constituents, Putin has crypto rubble, but look at how much they put tax on it. They say they are going to establish a bitcoin mining farm, because it really suited their environment, but I haven't heard any news about it. Also they keep on contradicting themselves, that's a clear sign that they themselves doesn't agree with anything related to crypto. I wouldn't be surprised if those law on crypto will be rejected and that is another validity that they won't be crypto friendly after all.

Do you think Putin is interested in the opinion of voters? Lol. He always gets as many votes as he needs. Russian opinion does not interest anyone. I do not believe that Putin will allow citizens to use cryptocurrency. Even if mining farms will exist in Russia, they will be illegal and only bring income to a narrow circle of corrupt officials.

[Arkyo]

Market reaction will depend on how tight this regulation is. As for Russia, the law will clearly define all terms related to the crypto market. Accordingly, it is necessary to pay taxes and this activity will be legalized. I think that the market will react  risштп the price of bitcoin and other crypto currencies.

[Ozero]

The first of July has already passed, and no adopted laws in Russia on the crypto currency have not yet been heard. In Russia there are too many people talking about crypto currency, but they do very little. Of course, you can prohibit websites, social networks, they can quickly, but accept good quality laws, which citizens are waiting for, the mind is not enough, or the hands do not reach.

[USDOLLAR]

They accept good quality laws, which citizens are waiting for. The law will clearly define all terms related to the crypto market. This is very important now for more long-term oriented discussion has been a start, which will be benefitted in future.countries that want to keep their wealth and power, need to take best of the crypto. They can't ignore it anymore now Russians also hoping to pass long-discussed new cryptocurrency legislation by July 1, There are two draft laws on cryptocurrencies have been proposed. The effort to allow fund-raising activities to continue in a regulated environment both bills will be submitted to his chamber this month for consideration.

[Argoo]

They accept good quality laws, which citizens are waiting for. The law will clearly define all terms related to the crypto market. This is very important now for more long-term oriented discussion has been a start, which will be benefitted in future.countries that want to keep their wealth and power, need to take best of the crypto. They can't ignore it anymore now Russians also hoping to pass long-discussed new cryptocurrency legislation by July 1, There are two draft laws on cryptocurrencies have been proposed. The effort to allow fund-raising activities to continue in a regulated environment both bills will be submitted to his chamber this month for consideration.

Summer has already passed, in a week. autumn will come, but no laws have been passed in Russia on the regulation of crypto currency. I doubt that good laws will be adopted in this country, allowing people to freely own and dispose of the crypto currency. In Russia, the government has become too authoritarian. The bill to establish criminal liability for using crypto currency as a means of payment is more in line with the spirit of this government.

[Aramazdi]

The motivation that Russian citizens can not assess the risk of investing in cryptocurrencies is absurd. In fact, the Central Bank fears that Russian citizens will invest money in cryptocurrencies because of distrust of the ruble. This can create big problems for Russia's underdeveloped economy.

maybe the Russians are still trying to protect the value of their currency, but the world has changed.

The government cannot regulate businesses to use conventional currencies in buying and selling goods, the government must be able to anticipate market players in using digital currency, the governing party must provide full support for cryptocurrency if you do not want to be left by western countries who have used digital currency in their buying and selling systems.