Regulating Cryptocurrencies"

[manlyxman]

Of course, I'm hoping for the best but I imagine this can go horribly wrong.

Also, Russia had a lot of problems with corruption before so I'm not too sure about this regulation right now.

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[setifien19]

By taking these measures, Russia is trying to get along with cryptocurrencies & seems to be fully understandable in what concerns digital currency.
In fact Russia has always been a habitat for crypto community people , I hope they don't it severely

[thelemot]

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

heloo, there are some projects that allow newbie to participate campaign. but that's rarely just a few. at least if you want to follow the signature Campaign average minimum rank in the allow is jr member. so you better increase your rank first to follow the signature campaign

[dangful]

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.
http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

This is indeed good news for Cryptocurrency enthusiasts like me as Cryptocurrency investor.
Cryptocurrency regulation is the best thing to protect the investors from fraud and scams because companies couldn't proceed to their ICOs of they don't pass the standards of Cryptocurrency management. This means new ICOs that are having certificates and accreditation would be the best coin to invest and surely will offer high return of investment in just a minimum of time.

[jrrsparkles]

I don't think it is a good news,all governments are trying to take control of an decentralized technolgy,so they are doing against it.Then why it is good news?But people now can use crypto currencies without any fear but we have to pay taxes.

[dangful]

By taking these measures, Russia is trying to get along with cryptocurrencies & seems to be fully understandable in what concerns digital currency.
In fact Russia has always been a habitat for crypto community people , I hope they don't it severely

Russia is for me the most powerful county in the world and they are open to the newest technologies and innovation like Cryptocurrency and blockchain therefore they are one of the countries that are being friendly to cryptocurrencies.
They are open for the possibilities that will advance their economy through Cryptocurrency and within the past years their citizens and Russian companies were already running their own Cryptocurrencies and today they're growing in numbers so this is the best time to regulate ICOs in order to protect their citizens on investing into scams and fraud.
ICOs that are certified and accredited by Russian government are the best Cryptocurrency to invest so therefore, any ICOs of Russian companies that I'm going to invest in the near future.

[rizkyhiw]

Already almost every country has a statement on cryptocurrency, they try to control it and test try blockchain technology.
I think the government has started to analyze and see the good side of cryptocurrency.
Do not get stuck with their speech, they just want to have full access into the decentralized network.

[BigBoy89]

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

Actually most of the countries are accepting the bitcoin nowadays but the problem is they are trying to regulate a decentralized technology.
But it is a good thing too,which stops the cryotocurrency usage by terrorist or illegal activists but the con is we have to pay the taxes for using cryotocurrency.
Not yet regulated they are just planning to do,hope to get a good news from Russian ministry.

IMO their only goal is to collect a proper taxes.
Russian law is not bad and I read that they are even giving the miners 2 years as grace period to adapt.

[not altcoin hitler]

I hate this kind of regulation. Governments want to make us their bitches so they can impose their useless high percentage taxes on us. Some banks also supporting this like my friend from India told me that he got notice for trading cryptocurrencies and using international exchanges. Even the countries own exchanges are facing withdrawal issues.

[MrJake]

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

Actually most of the countries are accepting the bitcoin nowadays but the problem is they are trying to regulate a decentralized technology.
But it is a good thing too,which stops the cryotocurrency usage by terrorist or illegal activists but the con is we have to pay the taxes for using cryotocurrency.
Not yet regulated they are just planning to do,hope to get a good news from Russian ministry.

I don't think BTC is made to be used by the government. I don't agree that the government should have power by being able to implement policies over BTc since it is a universal resource. If it comes to a point that the government will be able to regulate BTC the universality of it will be compromised.

[shinratensei_]

I hate this kind of regulation. Governments want to make us their bitches so they can impose their useless high percentage taxes on us. Some banks also supporting this like my friend from India told me that he got notice for trading cryptocurrencies and using international exchanges. Even the countries own exchanges are facing withdrawal issues.

I've seen some news that gives a lot of explanation regarding a lot of bank in india is trying to halt those bank accounts that related to the crypto trading activity. But we can't do anything as long as the crypto still depends on the centralized exchange site. So many problems in the centralized exchange site. Especially US-based exchange site. But rusia regulation is not very strict like china or the even US.

[TrumpD]

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

Regulation of cryptocurrencies is something that is bound to happen at some point. And I would not deny that there are advantages to this move such as you have mentioned above to stop illegal activities linked with payments made via cryptocurrencies. But let's be honest with ourselves,even today with regulated cash transactions and and bank wiring, there are still illegal transactions made with physical cash. There is still money laundering and all that. I don't think regulation will curb or stop it, but I think it will to some extent slow it down or make it harder for illegal activities to be paid via cryptocurrencies. Let's no forget however, that with regulation comes tax payments, and the joys we are currently experiencing tax free with cryptos will be heavily reduced, and it its the financial institutions and governments who will enjoy these benefits.

[ajmapalo22]

Well this is really good news if the countries intend to regulate bitcoin so that it can be implemented properly in their current economic situation but if the real purpose of regulating cryptos is for the government to have the control over cryptos for their own sake I don't think this would be a good idea though it is indeed true that thru regulations illegal activities can be prevented but thru this regulations also officials can manipulate cryptos for illegal activities

[steins19]

Controlling crypto will affect everything in blockchain. People wants to invest in crypto because it is decentralized and it limits tax in Philippines. Making it under control will not be accepted by the investors. That would greatly affects blockchain.

[COINISM0001]

That's a really bad idea. Russia is bringing its own crypto currency

I hope it doesnt kick the hell out of other Cryptos for this...

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

[Pleione527]

I think Russia has a plan before to create their own coin to be use by their country so this maybe the reason why they are imposing regulations for cryptos . This is not bad actually this would help in the full adaptation of cryptos in the world market I'm just concern about the idea that if they will have regulations it would be easy for them to do anything on cryptos even illegal activites which no one will ever detect.

[AzureDragon]

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

Good news! I wait for a long time when the Russian government officially recognizes the existence of cryptocommunitie. I read the project of the law: there are no any sufficient restriction. But I think that imposition of taxes will provide legalization of cryptomoney on the whole market (not only cryptomarket).

[COINISM0001]

That's a really bad idea. Russia is bringing its own crypto currency

I hope it doesnt kick the hell out of other Cryptos for this...

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

[Feuerbach]

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

Regulation of the cryptocurrency is negative. This is bad. According to the official version, they say that they will fight against illegal actions committed with the help of cryptocurrency, but in practice they will simply tighten the nuts and put taxes.  
''regulate and control the production of cryptocurrencies and digital assets in financial sectors'' - this is clearly not the interest of people who work with crypto currency!

[Pivo]

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.


http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

Actually most of the countries are accepting the bitcoin nowadays but the problem is they are trying to regulate a decentralized technology.
But it is a good thing too,which stops the cryotocurrency usage by terrorist or illegal activists but the con is we have to pay the taxes for using cryotocurrency.
Not yet regulated they are just planning to do,hope to get a good news from Russian ministry.

IMO their only goal is to collect a proper taxes.
Russian law is not bad and I read that they are even giving the miners 2 years as grace period to adapt.

Grace period was made by Belarus president. And not for miners.