Russia is a potential market?

[Yakamoto]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Start reading whatever you can about news from Russia, keep their internal events in mind so you can get a general guess as to when they might start buying or selling more Bitcoin, keep up to date as to what the government is deciding, and start to get involved with exchanges that Russians are likely going to use.

Keep in mind the Russian government will probably start to care about something like this, since they want to track all the transactions that occur, last I heard. Don't piss anyone off and you should be relatively fine.

[iamTom123]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Yes, Russia with its big population and burgeoning economy can be a big boost to Bitcoin. The government is set to legalize Bitcoin by end of next year as they are preparing to lay down the policies and regulations on Bitcoin. Although this can somehow restrict the movement of Bitcoin the advantage is that it will be recognized by the government as an asset and can already be utilized just like the usual money. I am sure that the government is compelled to recognized Bitcoin because of the volume of usage within the country and they don't want to be left behind. Russia is a big market and has a good potential to push the value of Bitcoin some more. Nice one, Russia!

[sosobtc-Regina]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

All Russia wants is control every bitcoin transaction on the planet, they are going to try to keep track of every transaction they can, they already claimed this, that by 2018, they want a big database to keep every merchant and consumer on check. Im not sure how they are going to try to achieve this to be honest.

Are you Russian?

[Gembul]

The problem for Russian's is how oppressed & controlled they are. Even if Russia does embrace bitcoin I doubt the people will have much freedom, they won't be able to avoid taxes as easily as some of us can via bitcoin.

yeah it would be a problem faced bitcoin users in Russia, with a market owned by the government then they can intervene the market. Especially with government services that provide tax will be charged to users. But I think it does not matter as long as bitcoin users in Russia can freely use bitcoin. Thank you

[Slark]

Russia already recognized bitcoin and they are planning to accept bitcoin and based on the other thread that i read, they want to monitor every transaction.

Do they really said that they want to monitor every transaction in the blockchain (or at least that used by Russian citizens)?

How exactly they plan on doing that? They need to find out who is bitcoin owner.

Classic Russian gambit - they are control freaks, they probably would accept bitcoin just to justify surveillance program.

[xuan87]

I think there are a lot of bitcoin user from Russia, and it got a huge potential to become very big and I see there are a lot of bitcoin site written in Russia language, to know better I think you can go to local board and ask their opinion and do survey at there

[Amph]

russian people were already using bitcoin, even before this new attempt to make it regulated, therefore i'm in doubt that this new decision could lead to a better marketcap of bitcoin

those who were using it, were using bitcoin because of freedom, now that thye want to strict regulate it, there are chances that it would bring away some of the old people that were using it

[hello_good_sir]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

The problem is Russia is that they want to regulate bitcoin instead of recognize it without intervention.

They want to regulate like they regulate every single one of their citizens. The want to track every single transaction(I don't even think that is actually possible, though), and track down illegal transactions and persecute them.

If Russia wanted to recognize bitcoin, then they could do it in a non- or less interventionist way. I mean look at Japan.

I think that a lot of Russians already use bitcoin, just look at the Russian board.

It'll actually be bad news for them that the government is deciding to track all transactions by 2018. unfortunately.

[ekoice]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Yes, Russia would be a big market for bitcoin.Already,a bitcoin exchange is there now which you can find in my signature below.Russian government has decided to regulate bitcoin so that ot could get revenue from bitcoin earnings.Russia is a super power and it would be much helpful for bitcoin progress.Japan,then now Russia have started legalizing bitcoins and it would make bitcoin price to increase more.

[JANGKRIK BOSS]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Yes, Russia would be a big market for bitcoin.Already,a bitcoin exchange is there now which you can find in my signature below.Russian government has decided to regulate bitcoin so that ot could get revenue from bitcoin earnings.Russia is a super power and it would be much helpful for bitcoin progress.Japan,then now Russia have started legalizing bitcoins and it would make bitcoin price to increase more.

a lot of the news say that bitcoin active users after china is russia, I think this is a good thing for the development of the future because of the bitcoin can be followed in other countries.

[danherbias07]

If it cannot be controlled then just regulate it.
I think that is what they are really trying to do now. Which could be impossible if they want every transaction to be monitored. They will be open to merchants for this payment options not really for the good part but the other way.
There will no anonimity anymore if that happens which wiuld be lovely for the government side. But how abiut those who wants their coins just to be in private. This is way to different from Japan's acceptance.

[n0ne]

Without doubt Russia will serve better for the growth of bitcoin as digital currency through the implementation in the various functional sectors of the government. It will also make other governmentsto start using bitcoin, because Russia is the nation that once opposed bitcoin and now after a long research believe it's potential.

[stompix]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Yes, Russia would be a big market for bitcoin.Already,a bitcoin exchange is there now which you can find in my signature below.Russian government has decided to regulate bitcoin so that ot could get revenue from bitcoin earnings.Russia is a super power and it would be much helpful for bitcoin progress.Japan,then now Russia have started legalizing bitcoins and it would make bitcoin price to increase more.

a lot of the news say that bitcoin active users after china is russia, I think this is a good thing for the development of the future because of the bitcoin can be followed in other countries.

That might be true but that doesn't mean china is the top by active users;). A 6th-7th place might be accurate for them.
With the fall of the Chinese trading scams the true volume of bitcoin trades shows china is clearly lagging behind us and europe.

And in terms of actual use, no, there are so few places in China where you can actually buy something with bitcoins compared to the us that I really doubt in terms of daily user base china is making the top 5.

[syarifudin]

if Russia becomes a huge market for bitcoin, certainly has risks not good because there is a fear they will control all bitcoin transactions, it seems this is not a good signal for the user bitcoin
hopefully this will never be achieved

[Yuuto]

The problem for Russian's is how oppressed & controlled they are. Even if Russia does embrace bitcoin I doubt the people will have much freedom, they won't be able to avoid taxes as easily as some of us can via bitcoin.

That is another reason why Russia isn't the best place to operate with bitcoin, there are way too much control on citizens.
But that made me up to a question, if police in Russia is so well-educated to know about bitcoin?
If they have over 100 million population, then it would be hard to control every unit to not use bitcoin/not use it for illegal activities.

Another thing is that we dont have internet in every place in Russia, which also makes bitcoin adoption a harder task.
Plus, how many merchants are accepting bitcoin as a payment method in Russia? I assume that not many, probably the number is really small.

[Kemarit]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Yes, Russia would be a big market for bitcoin.Already,a bitcoin exchange is there now which you can find in my signature below.Russian government has decided to regulate bitcoin so that ot could get revenue from bitcoin earnings.Russia is a super power and it would be much helpful for bitcoin progress.Japan,then now Russia have started legalizing bitcoins and it would make bitcoin price to increase more.

Russia has solid user based of bitcoin. Only reason I can think of Russian government is for tax purposes. But it still up to the user to collect report and remit the correct tax to the appropriate tax agency. Another is the KYC/AML rule,.Every citizen should comply with it and complying would make the government track your every transaction. I hope regulating it won't make any difference for the citizen not to used bitcoin in Russia, because Russia is a big market for bitcoin enthusiast.

[sosobtc-Regina]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Start reading whatever you can about news from Russia, keep their internal events in mind so you can get a general guess as to when they might start buying or selling more Bitcoin, keep up to date as to what the government is deciding, and start to get involved with exchanges that Russians are likely going to use.

Keep in mind the Russian government will probably start to care about something like this, since they want to track all the transactions that occur, last I heard. Don't piss anyone off and you should be relatively fine.

How can I enter Russian bitcoin community?

[sosobtc-Regina]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Yes, Russia would be a big market for bitcoin.Already,a bitcoin exchange is there now which you can find in my signature below.Russian government has decided to regulate bitcoin so that ot could get revenue from bitcoin earnings.Russia is a super power and it would be much helpful for bitcoin progress.Japan,then now Russia have started legalizing bitcoins and it would make bitcoin price to increase more.

Russia has solid user based of bitcoin. Only reason I can think of Russian government is for tax purposes. But it still up to the user to collect report and remit the correct tax to the appropriate tax agency. Another is the KYC/AML rule,.Every citizen should comply with it and complying would make the government track your every transaction. I hope regulating it won't make any difference for the citizen not to used bitcoin in Russia, because Russia is a big market for bitcoin enthusiast.

sure,it needs to be regulated.

[bitbunnny]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Start reading whatever you can about news from Russia, keep their internal events in mind so you can get a general guess as to when they might start buying or selling more Bitcoin, keep up to date as to what the government is deciding, and start to get involved with exchanges that Russians are likely going to use.

Keep in mind the Russian government will probably start to care about something like this, since they want to track all the transactions that occur, last I heard. Don't piss anyone off and you should be relatively fine.

How can I enter Russian bitcoin community?

If you are not Russian that could be hard. To my knowledge they are very strong but also prety closed community so maybe the best would be with some recommendations. I don't know if this is true but aledgley there are also many hackers in their Bitcoin community so depends also what are your goals.

[sosobtc-Regina]

Russia is going to recognize bitcoin,so is it a potential and big market?How can I know more about Russia's market?

Yes, Russia would be a big market for bitcoin.Already,a bitcoin exchange is there now which you can find in my signature below.Russian government has decided to regulate bitcoin so that ot could get revenue from bitcoin earnings.Russia is a super power and it would be much helpful for bitcoin progress.Japan,then now Russia have started legalizing bitcoins and it would make bitcoin price to increase more.

a lot of the news say that bitcoin active users after china is russia, I think this is a good thing for the development of the future because of the bitcoin can be followed in other countries.

Yes ,China is very polular,now we are waiting for the regulation. Japan has been much ahead of us.