[2017-10-18] Smart Regulation Could Make Russia Next Major Bitcoin Market

[Nybhelle]

Smart Regulation Could Make Russia Next Major Bitcoin Market


Russia could evolve into the next major Bitcoin market, as the government continues to encourage Bitcoin mining and moves closer towards regulating its cryptocurrency exchange market.

Russia’s plan
Earlier this week, Cointelegraph revealed that Russian President Vladimir Putin approved the launch of CryptoRuble, a cryptographically-secured state-issued national digital currency.

Minister of Communications Nikolay Nikiforov said:

“I confidently declare that we run CryptoRuble for one simple reason: if we do not, then after two months our neighbors in the EurAsEC will.”

Continue Reading...https://cointelegraph.com/news/smart-regulation-could-make-russia-next-major-bitcoin-market

[Baofeng]

I highly doubt that Russia will be the next major bitcoin market. How can they be when they hate cryptocurrency? That's why we have to take everything with a grain of salt everything that is coming from Russia.

This cryptoruble or whatever it's been called is a sign that they don't want to have bitcoin or Ethereum or any other crypto. They want to have their own crypto's that is centralizes and imposing high taxes on it. And I also high doubt that it will gain acceptance in Russia as well. This is a bad more for them, but what can we expect something from a government who runs with a hammer fist?