Bitcoin banned in Russia ? Not really

[Kakmakr]

Look like they have a poor communication system in place between the Cabinet and the Federation Council and the State Duma, because the estimated 144 000 000 people seems to have no clue what the official policy is regarding Crypto currencies in Russia.

Someone should just make a official statement regarding this and post it online. < or did we miss something > ? As a Bitcoin merchant, I would hate to build my business in such a scenario.

[icecube45]

To my knowledge in November 2016 ago the Russian Federal Tax Agency officially legalized the use of Bitcoin in Russia? Indeed bitcoin ever illegal there, but now officially bitcoin become legal in Rusia. So it is reasonable if it starts there are some that adopt bitcoin in Russia. But it was very good for bitcoin because Russian population is very large, so the adoption of bitcoin becomes larger.

[Pursuer]

this was a nice move by them, I am always glad to see bitcoin used this way and most importantly in public.

but the news about bitcoin being banned in Russia was extremely exaggerated just like bitcoin being banned in China and many other places.
many countries have talked about dangers of bitcoin and criminal activities and it is completely understandable but they always warn about these things and never talk about banning it, and even the ban law never gets confirmed by the court.

[Jet Cash]

i would like to know if they did it because they believe in bitcoin, think they can make more money this way or if it is just a pr stunt.

Probably all three. It would be interesting to know if they are keeping the coins, or exchanging them quickly. If I get time. I might look up the wallet info.