Russia just made all crypto legit

[ss890]

Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free

This is very big news BUT we need concrete proof for such news as they are big. This kind of news can increase the bitcoin market capitalism by many folds as it gives assurance worldwide that the country where it is legalised will get many investors, traders, industrialist on track and thus will make great impression on the market. This can increase the market cap easily and thus it will be beneficial for the people like us to invest and receive the reward for the same. But on the practical way this news doesn't seem to be very legit at the moment unless and until there is proof of it. FYI: This would have been speeded like wild fire if had been true.

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[bryant.coleman]

Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free

Why don't we ban these sort of users who spread fake news just to increase their post-count? It would be great if Russia legalizes Bitcoin. But that is not the case right now, and we should refrain from spreading false stories. Doing so will only tarnish the reputation of this forum.

[JuniAiko]

What you said is russia legalized cryptocurrencies and allow mining without miners paying taxes, but in the article you provided it is stated that cryptocurrency miners still have to pay tax, and the central bank of russia wants to sell the mined coins overseas which can also means that they are not recognizing it fully legal in their country. But it is still a good news that they officially allows mining because russia is one of the best location to build a farm and mine cryptocurrency, given that they have cool weather and one of the country that can offer cheapest electricity.

Requiring tax to be paid = legalizing.
Regulations and tax are good indication that cryptos are being recognized by the governments.

[Catch-22]

If this is real. It's good news!  This will somehow solidify the existence and longevity of cryptocurrency.  I sure hope that more countries will follow and see what cryptocurrency is and what it can do.

[newb-dev]

I didn't read anything like this until now on the internet. If this news are true than good for bitcoin. This it will help bitcoin to grow

[sheenshane]

Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free

Why don't we ban these sort of users who spread fake news just to increase their post-count? It would be great if Russia legalizes Bitcoin. But that is not the case right now, and we should refrain from spreading false stories. Doing so will only tarnish the reputation of this forum.

I agreed with you this post he is spreading a fake news, how come that Russian central bank legalized crypto currencies that their ministry against on crypto's. However there someone scientist in Russia that arrested by Russian police caught who have a miners in cryto currencies. And the Russian ministry said that “Trades with cryptocurrencies have become so widespread, a legal ban on such activity would lead to the creation of conditions for the use of cryptocurrencies as an instrument to service illegal businesses, launder criminal incomes, and finance terrorism,” .

So how could you say that Russia legalized crypto currencies?

[paul00]

Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free

Why don't we ban these sort of users who spread fake news just to increase their post-count? It would be great if Russia legalizes Bitcoin. But that is not the case right now, and we should refrain from spreading false stories. Doing so will only tarnish the reputation of this forum.

I agreed with you this post he is spreading a fake news, how come that Russian central bank legalized crypto currencies that their ministry against on crypto's. However there someone scientist in Russia that arrested by Russian police caught who have a miners in cryto currencies. And the Russian ministry said that “Trades with cryptocurrencies have become so widespread, a legal ban on such activity would lead to the creation of conditions for the use of cryptocurrencies as an instrument to service illegal businesses, launder criminal incomes, and finance terrorism,” .

So how could you say that Russia legalized crypto currencies?

He is defenitly spreading a fake news how come this happen after they find out that their scientist are using super computer for mining bitcoin. I've already search it on web if this russian government legalize crypto and the result is zero even speculation have nothing discussed.

[Netnox]

Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free

Why don't we ban these sort of users who spread fake news just to increase their post-count? It would be great if Russia legalizes Bitcoin. But that is not the case right now, and we should refrain from spreading false stories. Doing so will only tarnish the reputation of this forum.

I agreed with you this post he is spreading a fake news, how come that Russian central bank legalized crypto currencies that their ministry against on crypto's. However there someone scientist in Russia that arrested by Russian police caught who have a miners in cryto currencies. And the Russian ministry said that “Trades with cryptocurrencies have become so widespread, a legal ban on such activity would lead to the creation of conditions for the use of cryptocurrencies as an instrument to service illegal businesses, launder criminal incomes, and finance terrorism,” .

So how could you say that Russia legalized crypto currencies?

Yeah.. here is the full story:

https://www.theverge.com/2018/2/12/17003106/bitcoin-mining-nuclear-facility-russia-sarov

It is unbelievable how these guys (probably earning a six-digit annual salary) are risking their jobs and reputation for a few Bitcoins. It was a defense facility. How come he was thinking that he may get away with it?

[Joriecoinbit]

Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free

Why don't we ban these sort of users who spread fake news just to increase their post-count? It would be great if Russia legalizes Bitcoin. But that is not the case right now, and we should refrain from spreading false stories. Doing so will only tarnish the reputation of this forum.

Fake news is everywhere and it's easy to spread it with the help of internet. We have to double check it first before believing whatever people says.

The article says that it will allow miners but with tax. Also, they are not allowed to sell within the territory which means cryptocurrencies are not yet fully legalized in the country. There are still restrictions made. Cryptocurrencies can't still be freely utilized in Russia and I hope they will be able yo decide on what to do with it.

The Russian Government only regulates cryptocurrencies in their country especially to those miners. It is understandable that cryptocurrencies is not that fully legalized in Russia and with other countries. Despite of it, people in Russia can still earn bitcoin without fear. I'm glad that they're not like those other country that banned cryptocurrency.

[bilal_jan321]

Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free

can you quote some official source where authorities legalized it

[bitfocus]

that's awesome news for crypto lovers!

[Minerall]

Can you tell me about this news in more detail? Will there be some tax on cryptocurrency or just regular commissions for transfering money? Will they keep track of the coin quantity?