Russia will regulate cryptourrencies

[expless]

Since Russia is one of the leading country with It's President RPRD.PUTIN, when time comes that bitcoin in Russia is regulated Then This Will be The Start of Accomodating Bitcoin Throughout other Country.  But, Saying That Russia will be Dependent of crypto currency with mining of it, that is not the Real Point. Mr. PUTIN knows how to check and balance, He Knows That Crypto currency will also help to the Progress of Economy of Russia.  Central banks Are Always Insisting to Implement about banning Bitcoin, Because if Bitcoin Will Be Regulated They Will Slowly Disappear.

Why do you believe Putin? You seriously think that banks in Russia are voicing their independent opinion? Lol. I am 100% sure that banks Express the official opinion of the Kremlin. Putin will never allow that Russians had freedom. Only dependent people with the mentality of slaves can so blindly believe and obey all these crazy ideas of its tyrant.

Russia should regulate crypto currencies because it is not possible to run without crypto currencies in today's era. It is providing all necessary facilities to the mass to be rich in very short time and secure their future, it is not only giving ease and comfort but is also quick in use and gives a high output.

Banks are opposing bitcoin because it is giving them a hard competition but banks are also useful and are connected with bitcoin in someway

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[Lancusters]

Since Russia is one of the leading country with It's President RPRD.PUTIN, when time comes that bitcoin in Russia is regulated Then This Will be The Start of Accomodating Bitcoin Throughout other Country.  But, Saying That Russia will be Dependent of crypto currency with mining of it, that is not the Real Point. Mr. PUTIN knows how to check and balance, He Knows That Crypto currency will also help to the Progress of Economy of Russia.  Central banks Are Always Insisting to Implement about banning Bitcoin, Because if Bitcoin Will Be Regulated They Will Slowly Disappear.

Why do you believe Putin? You seriously think that banks in Russia are voicing their independent opinion? Lol. I am 100% sure that banks Express the official opinion of the Kremlin. Putin will never allow that Russians had freedom. Only dependent people with the mentality of slaves can so blindly believe and obey all these crazy ideas of its tyrant.

Russia should regulate crypto currencies because it is not possible to run without crypto currencies in today's era. It is providing all necessary facilities to the mass to be rich in very short time and secure their future, it is not only giving ease and comfort but is also quick in use and gives a high output.

Banks are opposing bitcoin because it is giving them a hard competition but banks are also useful and are connected with bitcoin in someway

Why Putin needed to Russian were rich? Only poor people are easy to control. You not thought about why in countries with more income in the population is always more democracy than in poor autocratic countries? Until Putin is in power he will never legalize cryptocurrency. The financial system in Russia is also experiencing hard times. Loosen it using bitcoins this is not the best idea.

[kris_wolf]

Bitcoin banned to use as a payment method for IPs, since that would have been a good way to dodge taxation. But that's not so different from the multitude of other laws pertaining to what IPs can and can not do with other digital currencies and payment systems.

[Coffee135]

Bitcoin banned to use as a payment method for IPs, since that would have been a good way to dodge taxation. But that's not so different from the multitude of other laws pertaining to what IPs can and can not do with other digital currencies and payment systems.

I have not heard that in Russia banned the use of bitcoin with changed ip. But I heard that in Russia all companies which provide user access to the VPN service to report to the authorities the real ip of all users. I don't know how it will be done, but the Russian security services are experts in the surveillance of people. I don't understand why they always vote for dictators. Probably for this reason they live.

[Jating]

Since Russia is one of the leading country with It's President RPRD.PUTIN, when time comes that bitcoin in Russia is regulated Then This Will be The Start of Accomodating Bitcoin Throughout other Country.  But, Saying That Russia will be Dependent of crypto currency with mining of it, that is not the Real Point. Mr. PUTIN knows how to check and balance, He Knows That Crypto currency will also help to the Progress of Economy of Russia.  Central banks Are Always Insisting to Implement about banning Bitcoin, Because if Bitcoin Will Be Regulated They Will Slowly Disappear.

Why do you believe Putin? You seriously think that banks in Russia are voicing their independent opinion? Lol. I am 100% sure that banks Express the official opinion of the Kremlin. Putin will never allow that Russians had freedom. Only dependent people with the mentality of slaves can so blindly believe and obey all these crazy ideas of its tyrant.

Russia should regulate crypto currencies because it is not possible to run without crypto currencies in today's era. It is providing all necessary facilities to the mass to be rich in very short time and secure their future, it is not only giving ease and comfort but is also quick in use and gives a high output.

Banks are opposing bitcoin because it is giving them a hard competition but banks are also useful and are connected with bitcoin in someway

Disagree, any nation today can run without crypto currencies. They still have the old traditional fiat and their local currencies to help them and their citizens. So its possible for a nation to exist without crypto's.

Banks are threaten indeed call it hard competition. But banks will remain with us and crypto will not make them obsolete. They could co-exist in the ecosystem, and the one who will get all the benefits? US, the people.

As far as Russia, I don't see any reason for them to embrace or even regulate bitcoin or crypto. Just like China, they are afraid that when their citizens all went to crypto it will have a effect on their economy. I agree it does, but in a very positive way. Besides, we all know that Russia and China wants total control of their citizens. Bitcoin is decentralized, how can they manage something they can't get even hold? Of course they can do surveillance of sort but it will take a lot of effort on government side to track everyone on blockchain.

[Prinox2]

In my view, i think this is a welcomed development to the crypto community,  but all the same its better we rather keep our fingers crossed and watch the outcome of the whole process. i hope the terms and conditions of implementing the this will be favorable to bitcoin lovers/users over there.

[kris_wolf]

Regular currency is not tied to real world production – it hasn’t been the case for decades. US and EU can print dollars and euros at will. In that sense – bitcoin and other crypto currencies aren’t different from traditional currency. The value of both is determined by the market.. or people’s consensus if you prefer.

[stompix]

Since Russia is one of the leading country with It's President RPRD.PUTIN, when time comes that bitcoin in Russia is regulated Then This Will be The Start of Accomodating Bitcoin Throughout other Country.  But, Saying That Russia will be Dependent of crypto currency with mining of it, that is not the Real Point. Mr. PUTIN knows how to check and balance, He Knows That Crypto currency will also help to the Progress of Economy of Russia.  Central banks Are Always Insisting to Implement about banning Bitcoin, Because if Bitcoin Will Be Regulated They Will Slowly Disappear.

Why do you believe Putin? You seriously think that banks in Russia are voicing their independent opinion? Lol. I am 100% sure that banks Express the official opinion of the Kremlin. Putin will never allow that Russians had freedom. Only dependent people with the mentality of slaves can so blindly believe and obey all these crazy ideas of its tyrant.

Russia should regulate crypto currencies because it is not possible to run without crypto currencies in today's era. It is providing all necessary facilities to the mass to be rich in very short time and secure their future, it is not only giving ease and comfort but is also quick in use and gives a high output.

Banks are opposing bitcoin because it is giving them a hard competition but banks are also useful and are connected with bitcoin in someway

It is not possible to run without?
I disagree.
It is impossible to run on crypto currencies today.

Honestly, how could a 140 million people country run on cryptos?
Bitcoin can do 400k tx, BCH with its huuuuge blocks can do 3.2 mil., how many crapcoins do we have to add so that every Russian alone would be able to make at least a  payment a day?

No, right now, bitcoin and cryptos are not influencing a country economy even by 1%.
With LN active, with mass adoption (not barely 2 million addresses having a balance over 1000$) then you can say it.
But now.... it's laughable.

And please stop saying the part with everybody getting rich in short time.It's fuel for people that call it you know what...

As for Russia:

Russia saw a net capital outflow of $16 billion in the first half of 2017, up from $8.6 billion in the same period a year earlier, the central bank said on Friday.

I'm pretty sure Putin is doing his best to help a crypto that would double this numbers. /sarcasm off

[biskitop]

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 circulation…The 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

Reportedly Japan has been regulating bitcoin, and now russia will also regulate bitcoin. This is good news, may all countries do the same.