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Urbanbypas
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November 06, 2017, 01:13:00 PM
#41

I doubt that the russians will be able to effectively regulate the cryptocurrency.
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November 06, 2017, 05:30:28 PM
#42

Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

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November 06, 2017, 09:17:20 PM
#43

Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

Evil Putin. Believe me, any government will try to make the best out of cryptocurrencies. Any government will observe the econimic reactions from it and I guess, Russia is open an economic window by cryptocurrencies e. g. for trading and worldwide financial transactions. If Putin regulates cryptocurrencies, then to not allow capital flight. But international investment will be allowed, for sure.
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November 06, 2017, 09:21:08 PM
#44

Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

I'm with you here. Russia specially with Putin still at the helm and total control of everything, won't simply allow crypto's to flow on their country for the simple reason that its decentralized. So that take everything with a grain of salt the word coming from their government. You can't really trust them because its like they are just talking to look like they are friendly to cryptocurrencies. But beware they are not in my opinion.

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November 06, 2017, 10:02:13 PM
#45

To regulate the process of issuing crypto currencies could be helpful for the investors and help to make ICOs more attractive. But the shady issuer will simply introduce their ICO from a country where is no regulation. You can compare this with the online gambling industry. Most operators are located in offshore countries with no control whatsoever.

To regulate the exchanges makes sense as it will help the customers to not get scammed. But I have no idea how a government can regulate the circulation of a decentralized and anonymous system?

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November 08, 2017, 05:30:34 PM
#46

Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

I'm with you here. Russia specially with Putin still at the helm and total control of everything, won't simply allow crypto's to flow on their country for the simple reason that its decentralized. So that take everything with a grain of salt the word coming from their government. You can't really trust them because its like they are just talking to look like they are friendly to cryptocurrencies. But beware they are not in my opinion.
I think that now the FSB gathers information about all users of the cryptocurrency. I have a friend living in Russia and he said the police and the FSB identified the arrested miners and their equipment. The courts give them the fines are impossible to pay. Traders of the cryptocurrency accused of occupation currency transactions without a license. Who will give the license if bitcoin is not recognized currency?
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November 08, 2017, 08:14:20 PM
#47

Putin has aways been interested in Bitcoin. Ever since it went mainstream, he knew Russia would be amongst the top countries in the crypto community.
Today in a stream of news about bitkoin this forum there was information that 13 sites are banned in Russia. connected with crypto currency. An opinion is expressed. that this site can be banned in Russia. So will Russia be one of the first countries to support the Crypto currency? Or will she strictly prohibit everything related to her? I see that in Russia the words of politicians often disagree with their business.

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November 09, 2017, 05:28:38 AM
#48

Yeah that's right rumored like that, and it sounds good. The country will legalize bitcoin and other types of cryptocurrencies in order to combat illegal transactions. But I think that's not really certain yet and it seems that it's still a plan in the process of bringing together a view of the status cryptocurrencies, and will determine how to regulate it.

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November 09, 2017, 06:03:34 AM
#49

Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

I'm with you here. Russia specially with Putin still at the helm and total control of everything, won't simply allow crypto's to flow on their country for the simple reason that its decentralized. So that take everything with a grain of salt the word coming from their government. You can't really trust them because its like they are just talking to look like they are friendly to cryptocurrencies. But beware they are not in my opinion.
I think that now the FSB gathers information about all users of the cryptocurrency. I have a friend living in Russia and he said the police and the FSB identified the arrested miners and their equipment. The courts give them the fines are impossible to pay. Traders of the cryptocurrency accused of occupation currency transactions without a license. Who will give the license if bitcoin is not recognized currency?
I believe Russia has always been confused when it comes to cryptocurrencies. First they banned it, then removed it, a biggest mining farm was supposed to open, then a news of ban again and now a news of regulations.

I think whatever happens in Russia regarding Bitcoin or cryptos won't be effecting the market much as I believe Russia still doesn't have much bitcoin investors or crypto community is large enough there. Russia isn't a big market for cryptos and whatever government is doing should hardly be any of market's interest.

Right now the main focus is Asian market including Japan, South Korea, India and China along with USA and some part of Europe.

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November 09, 2017, 10:41:02 AM
#50

It seems to me that the position of any state is irrelevant to the development of bitcoin. When there were rumors that China wants to ban bitcoin, it does not affect the growth of bitcoin prices. People who believe in and support the bitcoin will always find a way to use it. The government will not be able to stop it. In Russia when-that was criminal liability for the use of the dollar. This does not stop people from using it. It was once the case that people for this shot. Bitcoin depends on people without reference to the state.

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November 09, 2017, 01:06:37 PM
#51

in case you missed it:

https://coingeek.com/unlucky-13-russia-starts-blocking-cryptocurrency-focused-sites/
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November 09, 2017, 01:09:36 PM
#52

They are just afraid that they can't control the currency, afraid of knowing nothing
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November 09, 2017, 01:33:56 PM
#53

They are just afraid that they can't control the currency, afraid of knowing nothing

You can't say that they do not know nothing. I think the biggest part of running/upcoming ICOs are from Russia, Vitalik Buterin (Ethereum) is also Russian. They are really good at this, but, as I think, the government do not have contact and  with them.
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November 09, 2017, 03:30:57 PM
#54

I will say Russia is moving in the right direction through the process of regulation which is something that will happen afterwards whether we like it or not. Rather than going through the route of countries that are throwing bans here and there without even understanding what the whole bitcoin and the blockchain is all about. I am open to things like this so far its going to bring sanity to the crypto space without any limitation.

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November 09, 2017, 05:57:04 PM
#55

Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

I'm with you here. Russia specially with Putin still at the helm and total control of everything, won't simply allow crypto's to flow on their country for the simple reason that its decentralized. So that take everything with a grain of salt the word coming from their government. You can't really trust them because its like they are just talking to look like they are friendly to cryptocurrencies. But beware they are not in my opinion.
I think that now the FSB gathers information about all users of the cryptocurrency. I have a friend living in Russia and he said the police and the FSB identified the arrested miners and their equipment. The courts give them the fines are impossible to pay. Traders of the cryptocurrency accused of occupation currency transactions without a license. Who will give the license if bitcoin is not recognized currency?

It's true. Information FSB transfer ISP under the threat of loss of license.Thor and VPN prohibited, people using them fall under the category of extremists(which means imprisonment or a huge fine). Plus 1/4 of the population of large cities is the police.
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November 09, 2017, 09:56:03 PM
#56

After a meeting last Tuesday among Russian President Vladimir Putin with the Central Bank of Russia, he said that the Central Bank should avoid making hasty 'ban' decisions about digital currencies.

He also said that the government will work together with Vitalik Buterin and the Ethereum platform to improve the government's system.

Now, authorities say that bitcoin and other digital currencies will be legally regulated from exchange to mining.

"We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulationThe state should head this situation and regulate it legally." -Anton Siluanov, Finance Minister of Russia.

See here: https://news.bitcoin.com/putin-confirms-russia-regulate-cryptocurrencies

Russia is a big country in which one of the strongest nation in talking of economics and power. Regulating the bitcoin and other digital currencies will ensure that their being one of the super powers will not be ruin and a good move of protecting their people interest against fraud and illegal activities that might put their country at risk. Russias move is better than banning the digital currencies perhaps this is one of the reasons that bitcoin is now overwhelming because of the affiliation of Russian investors.

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November 09, 2017, 10:36:52 PM
#57

I'm happy to hear that. It's a good news for Russia. Cryptocurrencies will help their economies, unemployeement, investors etc.
My country not yet regulate cryptocurrencies. I hope one day my country will regulated cryptocurrencies like Russia!



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November 09, 2017, 11:46:58 PM
#58

They are just afraid that they can't control the currency, afraid of knowing nothing
They can control crypto, but they used to delay with accepting of necessary laws. But I think the fear has place to be in Russia. Firstly different scam schemes based on crypto are blossoming there. Second crypto is destroying banking system in the country. And the third would be the cheap price of the national currency which are making people with big amount of coin automatically rich and the government usually doesn't like such luckies, cause of without laws they can't take their % from digital profit.

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November 10, 2017, 12:09:05 AM
#59

Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

I'm with you here. Russia specially with Putin still at the helm and total control of everything, won't simply allow crypto's to flow on their country for the simple reason that its decentralized. So that take everything with a grain of salt the word coming from their government. You can't really trust them because its like they are just talking to look like they are friendly to cryptocurrencies. But beware they are not in my opinion.
I think that now the FSB gathers information about all users of the cryptocurrency. I have a friend living in Russia and he said the police and the FSB identified the arrested miners and their equipment. The courts give them the fines are impossible to pay. Traders of the cryptocurrency accused of occupation currency transactions without a license. Who will give the license if bitcoin is not recognized currency?

Wow is this true mate? They have arrested them because they are mining? This country is really fuck up, how can you get arrested for simply doing mining? And with all the announcement and news coming from they saying that they are going to regulate it, I have no doubts that they aren't going to do it. Well, in the beginning I always said that we need to take a grain of salt anything they say about cryptocurrency because they always keeps changing their stance on it. But with your confirmation that they arrested some miners, my assumptions becomes valid. I am right all along. So let's forget about Russia already, its all propaganda and lies. Sorry to break the bubbles to everyone here still thinking that cryptocurrency will be their thing next year. It won't happened.

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November 10, 2017, 12:45:13 AM
#60

I agree with some of the comments here, we don't need to be experts, Russia being a authoritarian regime wouldn't let like bitcoin or crypto's to be assimilated with their citizens because its decentralized. And as far as their announcement, I haven't seen anything concrete yet, no even the bitcoin mining they said that they are going to put somewhere. With that said, I believed that Putin would not allow bitcoin or crypto's in Russia, not even Vitalik could change Putin's mind on it.

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