Russia will regulate cryptourrencies

[Zabercoin]

Allowing of bitcoin is good for any country i think. But it will be intresting to see how they will regulate it.

[1714805868]

1714805868

[1714805868]

1714805868

[1714805868]

1714805868

[1714805868]

1714805868

[1714805868]

1714805868

[Lieldoryn]

Allowing of bitcoin is good for any country i think. But it will be intresting to see how they will regulate it.

Let's be honest. Putin will never allow free circulation of cryptocurrency in Russia. The state economy is not adapted to the use of cryptocurrencies. Russia's economy is in terrible condition. It may not compete with bitcoin. And of course the freedom of citizens is not in the interest of the despot Putin.

[Granxis]

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 have not heard from Russia about legalization of BTC, but I heard that you support etherum and etc. I think Etherum could lose this competition again.

[Zentor]

They are still uncertain about that don`t have enough law base to do this so now isn`t a time to think about this, everything can still change

[Thiptiout]

Vladimir Putin is smart man so i think will use bitcoin to make Russia great because price not depend on dollar

[GreenBits]

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

i will stop and applaud the approach that Russia is using towards cryptocurrencies (obvious aml/kyc regulation, but a studied hand towards other aspects of regulation). with that being said, they dont have too much of a choice at the moment. the sanctions they are under are crippling that economy, they seriously need a way to subvert those sanctions, it wouldnt be wise to ride the ship all the way underwater. since all this Russia election fiasco is still a work in progress, we can safely assume that sanctions are not going to be lifted any time soon; in fact odds are the level of sanctions will increase (observe the North Korean situation).

what better way to avoid international sanctions than embrace bitcoin, a borderless currency, or i dunno, make up a brand new state issued crypto?

in Russia, bitcoin mine you 

[RedX]

The president of Russia really know how to run things. It's a good decision that he did not ban bitcoin that can help economies to improve more. Regulation is also a good move which will prevent a lot of scam ICO's so we'll see on which are the real cryptos.

[yojodojo21]

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.

[Palmerson]

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.

[greeklogos]

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.

Putin is not an idiot. I think you are right about national crypto and banning of other ones in Russia. But this idea is not new, Switzerland has two national currencies one of which only for business  settlements. I suppose Russia is going to "stole" this idea, but they will use digital currency for their business settlements.

[ORCAf]

The Russian Association of Blockchain and Cryptocurrency (RACIB) has reportedly received 40 applications from companies and individuals from European Union countries and China to place mining equipment in Russia to mine bitcoin. This was conveyed to Ria Novosti by the association’s president Yuri Pripachkin last week.

https://news.bitcoin.com/companies-china-eu-mine-bitcoin-russia/

[ORCAf]

The Russian Association of Blockchain and Cryptocurrency (RACIB) has reportedly received 40 applications from companies and individuals from European Union countries and China to place mining equipment in Russia to mine bitcoin. This was conveyed to Ria Novosti by the association’s president Yuri Pripachkin last week.

https://news.bitcoin.com/companies-china-eu-mine-bitcoin-russia/

coinsidence? 

Russia has been suffering from a shortage of graphics cards that can be used to mine cryptocurrencies, causing their prices to almost double. However, it was not ordinary households that purchased most of these cards. State-owned Sberbank has come forward, admitted to buying them, and apologized for causing the shortage.

https://news.bitcoin.com/sberbank-buying-graphics-cards-russian-market/

[Proton2233]

It seems to me that the Russians under the pretext that the GPU they need to create artificial intelligence produce their own currency. The state Treasury pays for the purchase of the GPU I currency which they mined officials put it in his pocket. This is a new kind of corruption in Russia. The most interesting thing while doing this the officials of the state Bank. Lol!

[bambazamba]

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

Yes , I heard this news making rounds .
Another country failing to understand " digital currencies" . This is very upsetting that they merely understand the idea of digital currency and take decisions which might be wrong for the long run .
The world is leaning on technology for every thing now , and digital currency is the need of people now . Regulating currency like bitcoin will totally ruin the idea of decentralized economy and all the old methods of taxation and all will be imposed on it . This is a shame that governments just look out for their fiat currency benefits .                   

[matuson]

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

Yes , I heard this news making rounds .
Another country failing to understand " digital currencies" . This is very upsetting that they merely understand the idea of digital currency and take decisions which might be wrong for the long run .
The world is leaning on technology for every thing now , and digital currency is the need of people now . Regulating currency like bitcoin will totally ruin the idea of decentralized economy and all the old methods of taxation and all will be imposed on it . This is a shame that governments just look out for their fiat currency benefits .                   

You expect Russian something else? I'm generally a supporter of the independent existence of bitcoin. Why do we need government support? It seems to me that it is better to be away from the regulated government regulations. The more the government will attempt to regulate the more we have to go into the shadows.

[Hordrick]

I think this tendention spread around the world. Crypto-rub,crypto-dollars and so on.

[LepriCON]

Russian government may not "ban" cryptocurrency, but instead it may put such severe regulations to make work with it simply unprofitable.

[Kemarit]

Russian government may not "ban" cryptocurrency, but instead it may put such severe regulations to make work with it simply unprofitable.

LOL. So you might as well forget your bitcoin trading in Russia. As I have speculate since they began making noises on bitcoin and cryptocurrency, they are not friendly on it. Because crypto can't be controlled, and Putin doesn't want that. Just try to observed every statement coming from them and you'll be the judge. They total contracting themselves that sometimes it really funny. And remember they have their own state back crypto, so I think this is what they gonna offer to their citizens, but be ready to pay high taxes though.

[lepricoin]

unlikely they will make this regulation convenient and useful for people. most likely they want to make money on this and not let people make money from it

[bryant.coleman]

Now it is too late for Russia. Many of the early Bitcoin pioneers were from Russia (and from the other FSU nations). But many of them (and their ventures) had to move out of Russia due to the hostility of the authorities. The crypto-exchange BTC-e (now Wex.nz) is a perfect example.