Russia blocks localbitcoins

[Argoo]

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.

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.

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.

[worldofcoins]

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.

[Ozero]

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.  

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 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.

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.