Russia says BTC will never be legalised - do you think we'll see a knock on?

[the_hillman]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

[matuson]

It is quite true. I believe that it will. Russia will never allow the free circulation do not of their territory is a controlled currency. The methods of the struggle can be very hard. During the Soviet era in Russia shot people for trade dollars. Putin came from the KGB so I assume any options.

[Jamie Oliver]

Bitcoin is a global one. I do not think it is a single country in Russia. I do not think it has anything to do with Bitcoin. So I should not panic. I think I should face up to the different views of Bitcoin.

[Mr.Stinson]

How can a country ban a cryptocurrency like bitcoin? if it is dezentralized you should not have to worry about it or did i forget something?
i know they can close exchanges and so on but you can still buy/sell things with btc or bring btc on your smartphone from a third party country.

so please correct me if i am wrong and tell me why...peace out

[Kajevy]

all government support bank and bitcoin against bank (p2p) so that all government make bitcoin legalised like russia

[H1X360]

This makes perfect sense considering russias history. I am definitely expecting there to be a government sponsored crypto to make use of blockchain technology but like people said this one will be highly controlled.
I am not sure if this is reason for concern or not, this was something to be expected honestly.

[stompix]

How can a country ban a cryptocurrency like bitcoin? if it is dezentralized you should not have to worry about it or did i forget something?
i know they can close exchanges and so on but you can still buy/sell things with btc or bring btc on your smartphone from a third party country.

so please correct me if i am wrong and tell me why...peace out

Simple.
You are not allowed to buy anything in a store in Russia with bitcoins.
You are not allowed to use a bank account to buy bitcoins from an exchange.
What are you going to use your coins for?

Let's say the punishment for buying bitcoin on localbitcoins would be 25 years in a reeducation camp in Siberia..
Are you still going to try and buy?

With the amount of people who disappear in Russia or get poisoned,stabbed, or decide to kill themselves with 10 bullets in the back do you think it is going to be a wise idea if the Putin cartel is really bent on banning it?

[teilwalL05]

Do we really need Russia to support and pump bitcoin? even if Russia would not legalize bitcoin because it is made in the foreign country, well even if Russia would not get on the hype I think they have Ethereum in their side that has a potential to make a level just like bitcoin did, but I really think that Japan, U.S. Canada, Australia, E.U. Finland and the list Go on I think bitcoin had shown us that it is really Worthy to make an investment and wait because the value is super high right now

[mk4]

Do we really need Russia to support and pump bitcoin? even if Russia would not legalize bitcoin because it is made in the foreign country, well even if Russia would not get on the hype I think they have Ethereum in their side that has a potential to make a level just like bitcoin did, but I really think that Japan, U.S. Canada, Australia, E.U. Finland and the list Go on I think bitcoin had shown us that it is really Worthy to make an investment and wait because the value is super high right now

We definitely do not need Russia to support bitcoin, but it definitely helps alot knowing that Russia is a country with a good population(roughly 140million in 2016). Legalization isn't really necessary, but legalization is definitely a huge plus.

[Xervo]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

I'm taking this temporary statement. Unfortunately, the government of the Russian Federation is not competent in many questions. They do not know until now what they are dealing with and how this can all be applied in practice. Such statements only aggravate the situation of Russia's lagging behind the leaders of world countries.

[evilgreed]

Do we really need Russia to support and pump bitcoin? even if Russia would not legalize bitcoin because it is made in the foreign country, well even if Russia would not get on the hype I think they have Ethereum in their side that has a potential to make a level just like bitcoin did, but I really think that Japan, U.S. Canada, Australia, E.U. Finland and the list Go on I think bitcoin had shown us that it is really Worthy to make an investment and wait because the value is super high right now

We definitely do not need Russia to support bitcoin, but it definitely helps alot knowing that Russia is a country with a good population(roughly 140million in 2016). Legalization isn't really necessary, but legalization is definitely a huge plus.

            Literally it will give a lot of hints for all those people living in Russia that are holding back because of its hold. I guess it will really help a lot, and knowing that it coud boost its popularity and help people acknowledge bitcoin much more likely investors in the same way. Although the term legalization is not much likely need, but freedom of using and for merchants that are welcomed to accept, can really be a huge development.

[kotajikikox]

nothing to worry mate if Russian government will never be legalized because nobody can dictate to government officials of Russia that the freedom of choice of every nation but I think if the Russian government know the bitcoin are accepted by entire nation someday the official decide to be bitcoin as legal currency in the Russian country.

[allthingsluxury]

I don't think this will affect the price of Bitcoin in anyway, shape, or form.

[albert11]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

We cannot do anything about it if that is the declaration of their government.  They are justnprotecting what shouod be protected in their country.  As long as we are not from Russia and that we can still earn bitcoin, this news shoukd not affect us.  I am just thankful that I do not resides on country like this.

[Fahim]

Putin is Hitler. He wants to control everything. The idea of ​​decentralizing for him as a salt for a bloody wound. What he can not control - he forbids. There even the Internet is completely under control. If the government in the country changes, then the view on the crypto currency will change. As long as Putin is president - it is not possible. Under the dictatorship, there is no freedom, in the crypt world, even more so.

[xdrpx]

The biggest misunderstand I see in his statement is "Bitcoin is a foreign project for using blockchain technology". Bitcoin decentralized is not a "foreign" project, if the Russian citizens used BItcoin for their everyday trade, it's a national usage and even the exchanges happening on local exchanges again are national. If the peoeple consider Bitcoins over using the Russian Ruble's then it's not foreign at all. This misunderstand itself is enough to indicate his understanding about Bitcoins. Also Bitcoin and the blockchain were formed together, wouldn't this also make blockchain technology in his case "foreign"? Then I guess that shouldn't be welcomed as well.

Also now about the statement on its legality status. Lets consider China, the Chinese Government did ban trading of Bitcoins once before, and it didn't turn out well. People kept trading on local exchanges and over-the-counter exchanges. This didn't affect the price as much, and thus doesn't matter.

[BrewMaster]

i never understand the Russian stance about bitcoin!
for years i keep hearing different kinds of news coming from Russia. some day some government official says we should ban bitcoin, a while later the had of Russian central bank says we have no issue with bitcoin and it is completely legal because it is traceable, then a while later another government official says something different.

it looks like they either go back and forth with bitcoin or each one over there has his own opinion which they release as statements!!

[Kprawn]

All indications are that Putin wants to support Ethereum. He has a good relationship with the founder Vitalik Buterin.

https://www.coindesk.com/vladimir-putin-vitalik-buterin-discuss-ethereum-opportunities-recent-forum/

I would not find it strange if we hear an announcement that Russia would be endorsing Ethereum and banning Bitcoin in the

future.  

[EcoChavCrypto]

A lot of people were saying that Vladimir Putin was going to start creating a new token called the Cryptorubble, where is all that stuff now? it seems that all those things dissapeared, maybe they all were fake news to make bitcoin rise once again.

It just makes no sense at all, first they were saying that they were supporting ethereum, and ethereum tokens.

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."

Have you guys noticed that all the news that we get from Russia all are distorsionated? It is incredible, af the beggining, we knew that Russia was "supossed" to be regulating ico's, and it was fake.
Then, they said that Russia was licking the ass of ethereum founder in order to create a new "alliance" so they can work on the future.
After that, russia was going to develop the cryptorruble, thing that it is impossible to be a crypto because that is centralized as fuck.
And now, they are BANNING bitcoin.. What is the real situation in here? we dont even know what is happening right now.

[scottykarate]

A lot of people were saying that Vladimir Putin was going to start creating a new token called the Cryptorubble, where is all that stuff now? it seems that all those things dissapeared, maybe they all were fake news to make bitcoin rise once again.

It just makes no sense at all, first they were saying that they were supporting ethereum, and ethereum tokens.

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."

Have you guys noticed that all the news that we get from Russia all are distorsionated? It is incredible, af the beggining, we knew that Russia was "supossed" to be regulating ico's, and it was fake.
Then, they said that Russia was licking the ass of ethereum founder in order to create a new "alliance" so they can work on the future.
After that, russia was going to develop the cryptorruble, thing that it is impossible to be a crypto because that is centralized as fuck.
And now, they are BANNING bitcoin.. What is the real situation in here? we dont even know what is happening right now.

Putin will definitely want his cut of any crypto he can. Plain and simple. He's ruthless. A man who would have someone assassinated in a UK in such a blatant and obvious way is not going to be adverse to trying to control any currency that could undermine his power. He will only allow crypto to exist if he can profit.

[GoldenOrder]

Back in the XX century, russians said Russia would never be capitalist because socialism would prevail all over the world. Look what happened.

Ignore this fool.

[Xester]

As long as I am not a Russian and not living in Russia I will not mind this news.  Their government just stands on what it thinks is right and just to their country.  As to the effect of this news to bitcoin, I do not think that it will greatly affects bitcoin.  Just the same what happened to bitcoin when China withdraws or banned bitcoin.

[TheCoinGrabber]

It's very likely that what he mentioned as use of blockchain would be on the government's own fiat. Bitcoin coming in is basically money from abroad and it seems the Russia wants total control of its economy. Digital ruble anyone?

It is quite true. I believe that it will. Russia will never allow the free circulation do not of their territory is a controlled currency. The methods of the struggle can be very hard. During the Soviet era in Russia shot people for trade dollars. Putin came from the KGB so I assume any options.

Oh, that's horrible. 

Back in the XX century, russians said Russia would never be capitalist because socialism would prevail all over the world. Look what happened.

Ignore this fool.

Was it also Russian that advocated printing a lot of money to the point that it becomes worthless so that people would no longer bother working for money? Commies sure comes up with a lot of crazy ideas.

[Jating]

Its very obvious that bitcoin will never be embraced by Russia as long as Putin is in there. For one, they keep on contradicting themselves. Second, Putin would not endorsed anything that it can't control, not even if he has a good relationship with the founder of ETH.

And they did have their own cryptocurrency if I'm not mistaken and tax are horrible high. Do you think they target ordinary citizens to get their coins? I don't think so. My initial thought is that they are leaning towards crypto, but reading a lot of contradictory statement, and never seen any official stating the facts. I'm not surprise to find this news that they are not legalizing bitcoin in any form.

[BartS]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

I will not be surprised if many countries followed that same train of thought, bitcoin is not something they are fond of especially countries that have a stricter control of their citizens than in the west, I think we are going to see three different scenarios, we are going to see some countries adopting bitcoin, some countries baning bitcoin and some other countries regulating it to death.

[invincible49]

This makes sense because of Russia's history with traders. Also I read somewhere that BRICS countries are trying to bring in a new currency against dollar. If it happens then they won't take risks to legalized bitcoin in their counties for trading. Bitcoin gives people freedom while these government want local currency to rule people's lives.

[ladydark]

There is nothing to get surprise since russia being a communist country will never welcome such inventions which give financial freedom to its citizens.They just want to have a full tight hold over their citizens.Just few days before,we saw that the dictator of russia,putin said that bitcoin is a pyramid scheme.From that time itself,its clear that russia would never legalize bitcoin.

[AGD]

Bitcoin has no borders.

[Forstrim]

Russia with such idiots in power will never have a future.

[dawoodkhan97]

I think this is the real beauty of Bitcoin as no single country
or countries can control bitcoin due to being decentralized.

The same happened when China cracked down on exchanges
and ICO companies, bitcoin came out even stronger than before.

Sooner than later, they have to accept what bitcoin or the
blockchain technology has to offer.

[Marucya]

To the statement of deputy. minister that the bitcoin will never be legalized in Russia, there are several reasons for not reacting strongly. In Russia, for some reason, every high official expresses his point of view without taking responsibility for his words. Tomorrow he can change his point of view, as there have been times with similar statements by such persons, right up to Putin himself. However, it is also not necessary to expect from the current Russian government that they will allow the Crypto-currency to go unchecked across Russia. Most likely, Russia will again close in its shell and possibly issue some of its controlled crypto currency, which will mainly be used only on its territory. The crypto-currency market is likely to manage and develop without Russia. In any case, until the government changes there and other people with different views come to power.

[Oilacris]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

I already anticipated such thing which most governments would really only see the usefulness of blockchain technology that have been used by bitcoin which they dont really care at all on adopting it and would rather get the idea and make use on other things instead. We cant be sure if other countries would follow the same path but in my own view they would really come along.

[dhka]

People change, nothing strange about that
Let them watch this community closely and make their judgement again later on  

[iamTom123]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:  "However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route? Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

Russia is a country known to be having many faces and mouths especially concerning cryptocurrency. I think the government has already spoken that they will allow Bitcoin and other cryptocurrencies but under strict regulations as they are careful that the platform not be used for illegal activities. The government is fully aware of the immense potential of Bitcoin to bring in new economic activities for the country and they know that many Russians are already into cryptocurrency long before the government have noticed of them.

Soon, there would be Bitcoin miners to transfer from China to Russia and this is a very good opportunity for the country to establish itself as one of the most influential mining countries. I believe that eventually Russia would soon be laying the red carpet for Bitcoin though in an environment where everybody have to toe the line as the government is serious in punishing rule infractions.

[DannaWonder]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

Then why are they allowing their citizen's to release a lot of ICO's and do a lot of mining. We all know that Russia has a big part on Bitcoin mining and they made a lot money from it from the start. A lot of ICO's are managed and made by their citizen's in the past which collected a lot from investors.

Why are they saying now that bitcoin can't be legalized in their country then? After of all the funds that they earned from other people?

[BartS]

It's very likely that what he mentioned as use of blockchain would be on the government's own fiat. Bitcoin coming in is basically money from abroad and it seems the Russia wants total control of its economy. Digital ruble anyone?

It is quite true. I believe that it will. Russia will never allow the free circulation do not of their territory is a controlled currency. The methods of the struggle can be very hard. During the Soviet era in Russia shot people for trade dollars. Putin came from the KGB so I assume any options.

Oh, that's horrible. 

Back in the XX century, russians said Russia would never be capitalist because socialism would prevail all over the world. Look what happened.

Ignore this fool.

Was it also Russian that advocated printing a lot of money to the point that it becomes worthless so that people would no longer bother working for money? Commies sure comes up with a lot of crazy ideas.

I would agree with you on your third point but capitalist countries are not doing such a good job either, the US printed a lot of money in the previous years and many other countries around the world did the same, things are about to get really difficult maybe not in this year but soon enough since a global economy based on debt cannot last forever.

[Hydrogen]

Nikolai Nikiforov, the person making remarks about russia never legalising crypto, is a russian minister of communications and mass media.

Last I checked, communications and media don't have much to do with economic policy or financial planning.

Nikolai Nikiforov appears to be commenting on areas outside his expertise and knowledge. If Nikolai were commenting on the news media or internet infrastructure his comments might be legitimate. But as he's commenting on policies involving finance and economic matters it is possible that he's speaking his personal opinion on the topic, rather than what russia itself endorses as a state.

[Baofeng]

Nikolai Nikiforov, the person making remarks about russia never legalising crypto, is a russian minister of communications and mass media.

Last I checked, communications and media don't have much to do with economic policy or financial planning.

Nikolai Nikiforov appears to be commenting on areas outside his expertise and knowledge. If Nikolai were commenting on the news media or internet infrastructure his comments might be legitimate. But as he's commenting on policies involving finance and economic matters it is possible that he's speaking his personal opinion on the topic, rather than what russia itself endorses as a state.

That's why you never really know who should be making the official announcement from Russian government about bitcoin and crypto because its been really confusing for most of us the statement coming from them. Like watching a tennis ball bouncing from one court to another. They contradicts every statement they made. 

This maybe his personal comments, but it still have impact for the Russian bitcoin community because he is part of the government. Russians may think then that his statement carry that much weight whether its his personal views or the Russian government itself.

[NikolayRaev]

To combat illegal transactions, Russia in 2018 can recognize bitcoin and other crypto-currencies.

 How the government says "At every moment the state should know who is on both sides of the financial chain. If there is a transaction, the people who conduct it must understand who they are buying from and to whom they are selling, just as with banking operations "
 Having exposed certain requirements to crypto-currencies, it is possible to solve the problem of money laundering. Now transactions are usually carried out on the principle of pseudo-anonymity, when the payment parameters are known, but the sender and receiver are not known. Technologically, everything can be deployed in the opposite direction - when the sender and receiver are known, but the amount is unknown.

 Thus, the only condition for the legalization of bitcoin in Russia, will be a complete rejection of the anonymity of the conducted transactions.

[FrueGreads]

The position of Russian regarding cryptocurrencies is very confusing and they keep saying different things from time to time. They were suppose to issue official regulations for ICOs in 2018, so this probably means they haven't decided yet. They are definitely "pro blockchain", and they were actually the first (or second country), to launch it's own "cryptoRuble". There are some well known russian billionaires investing in crypto, so maybe this will put some pressure on Russia's government.

[haroldtee]

Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.

[cpfreeplz]

Hahaha Bitcoins are illegal because they are evil.... So we'll steal the technology and use a centralized version.

And this my friends is how you fall decades behind your fellow countries. Good luck to all Russians. This is an uphill battle against incompetent bribed morons.

[GreenBits]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

what he meant to say was "we did not find out about bitcoin and take it seriously until China is all in it. it would just be easier to make our own coin, fuck these sanctions"

and this is certainly for the best. a little considered vector of regulation is the current mountain of sanctions over Russia, courtesy of the US. If they were heavily involved with crypto, the US gov might restrict domestic users, to ensure that those sanctions arent subverted (bitcoin, with its hard to trace transactions is perfect for this).

i have concerns about regulation restricting US participation in Russian ICOs down the road.

Russia will have its own coin, and take control of its economy again. And I bet you the US will not take kindly to this attempt, given the current political climate.

[darklus123]

"Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."

It's a pretty safe statement from the Russian government. The Russian government said that it is just simply against their jurisdiction which we can't blame them in a way.  However even if they said that bitcoin will never be legal. It isn't illegal either, just from the fact that they will consider using the blockchain technology when it is needed for the good of their country. However as long as they have no control on it. They will never recognize it.

[marky89]

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Absolutely. There are rumors circulating that the Russian Federation will create a "Crypto-Ruble" that will essentially be a centralized blockchain backed by fiat money. I imagine they want to capitalize on the Bitcoin/blockchain hype, but push citizens towards regulated/surveilled payment systems. There are also similar rumors in China. The Bank of China has already developed and released an app called "Blockchain e-wallet" in the App Store. Supposedly it will be linkable to BOC debit cards. There is no functionality included for Bitcoin and other cryptocurrencies.

So I definitely think we are entering a new era of state-backed "cryptocurrencies" as governments try to steer their citizens away from decentralized money. As far as legalization, I think the cat is out of the bag. It's too late for major powers to effectively make Bitcoin illegal. That would work out like historic gold bans -- failures.

[khaled0111]

First of all you should tell us who the ... is Nikolai Nikiforov and why we should care about what he says.
After making some researches i knew that he is the Russian minister of communications.
I think that what he says have no sense taking in consideration the huge number of ICOs started from Russia and not being banned till now.
Governments can not stop bitcoin anymore.

[Cryptozond]

From Russian media and officials we often hear contradictory information depending on the situation on the market. I think the opinion will continue to change more than once

[BartS]

Russia with such idiots in power will never have a future.

Russia has some of the most able leaders in the entire world in power, they are better than most people leading countries in the west, they are realizing and with reason that bitcoin is dangerous to the survival of states around the world, so to me it makes sense they are very careful when it comes to bitcoin, but different countries have different priorities and culture, that is why Japan accepted bitcoin so quickly.

[Jahreer]

still Russian goverment is not forever

[btcjoin14]

Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.

Putin stated many things and didn't deliver. The people in Russia and other places state that they will ban Bitcoin but don't. So don't worry so much about it.

[lazer1064]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

It would be very stupid, illogical. Most recently, Moscow launched its national payment system "MIR", (translated as the world). It will be very difficult to promote it because of competition from VISA and MasterCard. In this case it would be very beneficial and logical to supplement the functional of the Russian payment system with the ability to input and output bitcoin. But no...
What do they have for people in general in the government? They have an IQ clearly below average.

[audaciousbeing]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

We have seen several things that people and even governments have said there is no way it can be possible but today it is. In the last people have said that there cannot be robot to be equated with human beings, today a robot Sophia has been granted citizen status in far away Saudi Arabia that have been known to be more of a conservative country. The reason for this analogy is that policies can change without any repercussions due to current scenarios and demands.

Even the statement gave an open ended one which does not seal the news in the negative but left it open because of the possibility of doing otherwise and not to be seen as an hypocrite or a liar. So, with time, the acceptance of bitcoin will be known.

[Gameroid]

Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.

Interest of the stage in bloc chain technology is now increasing, they now realized the importance of online currency therefore they have been compel to accept the importance of online currency therefore they are at least thinking about how to turn bitcoin as legal currency. At least they must be thinking about how to create their own crypto currency which they can use in limited area and for limited purposes.

[batang_bitcoin]

They will never consider bitcoin a their legal entity? What? What do they think about bitcoin and then while saying this, "we will have our own coin". Russia are quite messing up with what they are saying on their stance about bitcoin. It is something that they should recognize or give a strong statement if there is really a possibilitt just tell it to the people and remove that 'quite'.

[swogerino]

For the moment from Russia we have only see cloud mining scams with Hashprofit and Hashocean being some of the worst scams ever pulled.
This saying from Russia that Bitcoin will never be legalized is just a warning to people there and not the world I think. We can continue with using Bitcoin no matter what Russia say or does. The power of bitcoin lies even in its algorithm which cannot be or at least has not been compromised so far by Russians or anyone else.

[carlowell]

Bitcoin as the Mother of Cryptocurrencies is supposedly act like a virtual currency that can be the coins circulated in the world to be as payment for products and services but today Altcoins are really acting like a real currency and Bitcoin is an Internet Gem that people were not actually use it as purpose but instead collect it and hold or hide it from behind wallets that is like a valuable Gem that used to be invested.
But Bitcoin is volatile and any time soon it will have no value at all because it is a intangible Gem that relies on internet and blockchain networks.

[steven.spearman]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

I'm sure they're just bluffing to get the bitcoin prestige down, we'll see next year what Russia will do with bitcoin, whether they still ban it or support it.

[carlowell]

Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.

Although not all countries are adopting Bitcoin as the main Crypto-Currency but the Blockchain itself is a sustainable digital monetary that must be adapted because Crypto-Currency is the future of monetary economy and trade. Any country that is not able to adapt Crypto-Currency will cannot sustain the advancement of economy and trades.

[Hach]

Bitcoin is money out of control and i don't think any government wants to let circulating money they can't control and specially can't tax.

[Erkallys]

Russia - as China - always had a trouble game on Bitcoin, one day saying it is forbidden, and the day after saying they want to conquer market shares in term of mining. It is very misleading, and so I think the best is to not care at all about what is being said.

[Nemo1024]

It is quite true. I believe that it will. Russia will never allow the free circulation do not of their territory is a controlled currency. The methods of the struggle can be very hard. During the Soviet era in Russia shot people for trade dollars. Putin came from the KGB so I assume any options.

Could you please stop this bullshit? You've been watching too much CNN/BBC stuff...
If you want to go down that route, you should remember what US government did to people holding gold in the beginning of 20th century.

As for Russia, it is quite innovative, when the blockchain technology is concerned. Re Buterin's talk with Putin regarding the technology in general in Ethernet in particular.

What Nikiforov said is that Bitcoin will not be made a legal state tender on the territory of RF. But then again, neither are dollars or Euros are legal tender in Russia. And neither is Euro or Rouble a legal tender in USA.

Now, if you want the state of affairs regarding Bitcoin and blockchain in Russia, I'd suggest the following two reads, closer to source, i.e. Russia:

Russia’s Love Affair With Crypto Confuses Many
http://russia-insider.com/en/russias-love-affair-crypto-confuses-many/ri21668

“After the meeting, it seemed to me that the light flicked on for him [Putin]” Tom Luongo, an expert on the Russian economy, told VICE News. ”This was a way to rapidly push forward Russian financial and banking services, they are now moving rapidly to effectively digitize their entire economy.”

Bitcoin megacity could rise in Russia's Siberia
https://www.rt.com/business/410028-russia-bitcoin-megacity-siberia/

Russia may soon build a city in Siberia just to mine cryptocurrency. The idea is to provide a new source of income for people and the state, and in the future create a rival to Silicon Valley.

The city should be located in Siberia or the Far East, not far from a large hydroelectric power station, according to Russian State Duma member Boris Chernyshov.

Cryptocurrency mining has become popular in Siberia due to the region's low energy costs. The process requires computing power and lots of electricity. Irkutsk has become a hub for cryptocurrency mining because electricity is very cheap, about five times less expensive than in Moscow.

"A mining city will help people make money, buy apartments and other things they need. It will replenish the state budget at the expense of taxes. If we build such a settlement near the border, for example, with China, this will immediately cause great interest, there will be flows of business tourists. Such a place will become a business hub, bringing investment from abroad. This is a driver, a point of growth," said the deputy.

[chicobr]

Although Russia or China ban Bitcoin. It still develop. Because there are many banks and corporations in the world such as Japan, America, South Korea accept Bitcoin. So, no problem!

[ezbreezy08]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

It's quite tricky for me, i mean they use blockchain but not bitcoin for transaction how can they build an ICO that not using bitcoin coz i know Ethreum and waves transactions is connected to bitcoin. but how come?

[aioc]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

Russia is a communist country their structure is very much different from other democratic country and we had more democratic countries than communistic ones, so the impact will not very hard but there will still be a lot of Russians participating in trading Bitcoin because they knew the full value of Bitcoin.

[hicham0211]

the currencies will be accepted by the whole world, it is just a question of time, we have not to forget that the technology of the blochaine has lately become ispired by many  countries,

[Marry Finch]

The words and actions of officials of various government structures in Russia do not always converge and have always been contradictory in relation to the crypto currency. However, I think that the current Russian government will not allow its people to legally use bitkoyn and other types of crypto currency. They want to fully control their people, and the principles of the functioning of the crypto currency do not correspond to their aspirations.

[MaxSmith87]

Hahaha Bitcoins are illegal because they are evil.... So we'll steal the technology and use a centralized version.

And this my friends is how you fall decades behind your fellow countries. Good luck to all Russians. This is an uphill battle against incompetent bribed morons.

Hah i guess in this country many old people who trust in god as fuck and cannot understand what is virtual currency. Unfortunately...

[Hakkerman101]

Wellll, I've heard somewhere that  Russia can legalize bitcoin and other crypto-currencies as early as next year. The Bank of Russia and profile departments now determine what status they should get. At any given time, the state must know who is on both sides of the financial chain. If there is a transaction, the people who conduct it must understand who they are buying from and to whom they are selling, just like with banking transactions

The Bank of Russia and the relevant departments are developing a joint position regarding the status of the crypto currency. According to him, afterwards, approaches to their regulation will be determined.

[TheCoinGrabber]

It's very likely that what he mentioned as use of blockchain would be on the government's own fiat. Bitcoin coming in is basically money from abroad and it seems the Russia wants total control of its economy. Digital ruble anyone?

It is quite true. I believe that it will. Russia will never allow the free circulation do not of their territory is a controlled currency. The methods of the struggle can be very hard. During the Soviet era in Russia shot people for trade dollars. Putin came from the KGB so I assume any options.

Oh, that's horrible. 

Back in the XX century, russians said Russia would never be capitalist because socialism would prevail all over the world. Look what happened.

Ignore this fool.

Was it also Russian that advocated printing a lot of money to the point that it becomes worthless so that people would no longer bother working for money? Commies sure comes up with a lot of crazy ideas.

I would agree with you on your third point but capitalist countries are not doing such a good job either, the US printed a lot of money in the previous years and many other countries around the world did the same, things are about to get really difficult maybe not in this year but soon enough since a global economy based on debt cannot last forever.

Yeah, it's eventually gonna blow and the collapse of petrodollars would drag the entire world down. I just hope when fiat becomes as worthless as a Zimbabwean dollar, most people already have at least a bitcoin wallet and just use that to transact.

[futureofeth]

no country can completely regulate bitcoin it can observe and form guidelines but can't stop and legalize technology is fast changing in this world

[BitBenefit]

Most govs see bitcoin as a threat and some will try to get rid of it

[furry04]

It s not problem whether countries adopt the same thing or note. The issue here is that btc can`t be stopped and as soon as just one competitor of Russia accepts it, they would have no other choice as they will be out of competition 

[Baofeng]

Wellll, I've heard somewhere that  Russia can legalize bitcoin and other crypto-currencies as early as next year. The Bank of Russia and profile departments now determine what status they should get. At any given time, the state must know who is on both sides of the financial chain. If there is a transaction, the people who conduct it must understand who they are buying from and to whom they are selling, just like with banking transactions

The Bank of Russia and the relevant departments are developing a joint position regarding the status of the crypto currency. According to him, afterwards, approaches to their regulation will be determined.

That is not what their body languages is saying. That's why I always takes a grain of salt anything coming from them. They are like 2 different countries. One would say that they "all love" crypto and bitcoin is close to Vitalik. Then on the next day, its the complete opposite, that's why I have a good laugh at them. LOL.

I seriously doubt what you are saying here without any sources. Its already out there that they will not legalized bitcoin and crypto because they can't control it. And the way to please their citizens is to have their own crypto's. But how can a ordinary citizens bought it when it is heavily taxed at around 13-15%?

[yashticao]

most of the government in their own countries doesn't like BTC, because of taxes issue and it is a rival of the bank.its  like a single people setting up his personal bank

[Pearlfx]

It's gonna be so hard to do because no government control BTC. the earlier they embrace the revolution the better it gets for them.

[well1985]

in a few years it woul be legalized all over the world

[SpekterX]

most of the government in their own countries doesn't like BTC, because of taxes issue and it is a rival of the bank.its  like a single people setting up his personal bank

it's true.
the government prohibits everything that can't be controlled or from which they can't take the taxes
did you know? the whole world uses linkedin, but in russia it's officially blocked 

[Rexler]

most of the government in their own countries doesn't like BTC, because of taxes issue and it is a rival of the bank.its  like a single people setting up his personal bank

it's true.
the government prohibits everything that can't be controlled or from which they can't take the taxes
did you know? the whole world uses linkedin, but in russia it's officially blocked 

People hate stuffs they can't control. Same goes for the government. But one thing is certain. Either they like it or not, people will keep on using Bitcoin. Decentralization will soon takeover the world. No one's stopping that!

[FasTroy]

Although Russia or China ban Bitcoin. It still develop. Because there are many banks and corporations in the world such as Japan, America, South Korea accept Bitcoin. So, no problem!

Yes, The majority of the countries in the whole world would accept bitcoin, so i don't think that is really a problem if one or two countries ban bitcoin. The world is too big, and the development of bitcoin will grow more day by day, so Maybe in the future, I mean after 10 years, bitcoin will be used by the most of countries locally and also we can see it as an international currency.

[SpekterX]

most of the government in their own countries doesn't like BTC, because of taxes issue and it is a rival of the bank.its  like a single people setting up his personal bank

it's true.
the government prohibits everything that can't be controlled or from which they can't take the taxes
did you know? the whole world uses linkedin, but in russia it's officially blocked 

Decentralization will soon takeover the world. No one's stopping that!

no doubt. and i hope it will be sooner

[sofi@]

Russia is a country that has their own regulations which was not affected by any popularity all over the world for this country when they imposed rule they stand on it and no one can change it. Now with bitcoin if this country declares that they will not support the legality of bitcoin it's their choice besides since control over bitcoin is a big issue so far we cannot blame many countries if they are afraid of the technology bitcoin has.

[ViceOfBTC21]

Some Russians are using it over Tor to don't get caught. I know one which goes to Poland to buy lots of bitcoin so they won't worry about going to Poland too often. They use Bitfinex onion service to trade Bitcoin anonymously and safely. The Cryptorubble is parody and it's useless because it's emitted by government so they might as well don't use it.

[JohnHero]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

Russians! If there would be a cure for that they would say they won't use it because it's not Made in Russia. This is bullshit.

[hero1111]

Bitcoin is playin in world league and bitcoin is not only for Russia and  Russian law is free to consider bitcoin as a legal entity  or not but i think most countries will expect it as a legal money in the future  , time will show it to everyone!

[ranggawulung]

Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."


The article goes on to say:

"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."

Do you think we'll see other countries going down this route?

Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/

Russia has always been a backward country. And now they do not understand and do not see this chance to raise the level of development of their country. It is very unfortunate that Russians do not learn anything.

[MakeMoneyBtc]

How can a country ban a cryptocurrency like bitcoin? if it is dezentralized you should not have to worry about it or did i forget something?
i know they can close exchanges and so on but you can still buy/sell things with btc or bring btc on your smartphone from a third party country.

so please correct me if i am wrong and tell me why...peace out

Well, there are different ways to ban bitcoin:
First of all you cannot use your credit card or bank account to sell or buy bitcoins. If banks discover you did something like that they could block your account and also take your money(if a country would banbe bitcoin)
Secondly, you cannot buy anything with bitcoin from anythe shop because governments will restrict shops from accepting bitcoin as a payment method.
So you could use bitcoin only as an investment and you have to find a way to sell your profits without government to discover any transaction related to bitcoin

[oktana]

For some legislators in russia, bitcoin is just a kind of monopoly game money that tries to have real currency value, it's very strange because russia also has ethereum as a prime crypto medium, if eventually they do not legalize bitcoin and even ban it, then the government will not get the economic benefits of crypto taxes, bitcoin users will remain active and choose to make transactions through indie transactions globally.

[Trivelius]

Most govs see bitcoin as a threat and some will try to get rid of it

No I think they are wrong, I am not sure when will bitcoin will consider to be legalized all over the world but I know one day bitcoin will achieve its target and will be use in many countries as a official currency. The way now bitcoin popularity and price increases I am sure bitcoin will get a lot and near to its future.

[filharvey]

Russia being a communist country will never allow anything which would make their people free from their hands.It does not encourage liberal ideas.Putin being a dictator had already said that bitcoin is a pyramid scheme.So,its quite natural that russia would be taking its stand against bitcoin just obeying its president's command.But bitcoin is also unstoppable being a decentralized currency.Russia could not ban bitcoins completely.

[bitor]

Noone , noone can stop bitcoin. Banking is over. The new era has begun!

[buiting]

Many countries will never legalized bitcoin and will try to ban it or start new coin against it like what Russia done.

in future price will make bitcoin strong and can’t effect with any ban

[BartS]

Today you hear something from Putin, tomorrow you hear something else from someone else. It is understandable that most countries will want to see how they can adopt the blockchain technology without having to legalize bitcoin knowing its decentralized nature. However, not legalising does not mean it can be stopped and I am sure they already know that. Worst that would happen is for each country to introduce their own centralised coin and find a way to push it. Apparently, we just have to wait to see how things would all turn out at the end.

That is not the worst thing it can happen, do you think the Russians are dumb? Do you think they have forgotten the previous economic crisis they suffered? Many old people still have dollars just in case something happens, so if they just create their own coins people are not going to adopt them and those that do are going to be eventually disappointed with those coin and are going to move to bitcoin.