Russia prepares to legalize cryptocurrency market by July 2018

[FLoving]

Wow! it means that once again the price of bitcoin will reach to a most higher value just like Japan legalized bitcoin and the price start to increase and increased to a much higher value. Now if such a bigger country will legalize bitcoin and crypto market then almost all of the coins will start to increase to a much high value.

I think now it is the time to buy as much as we can because keeping money in fiat will not give us that much profit which in the coming July bitcoin is going to give us. In that days I hope the bitcoin users will earn as much as a business owner earn in 5 to 10 years of struggle.

[Torps1]

If this news is correct, then this will be a big boost to the cryptocurrency world.
Hoping to see this news come to pass in favour of cryptocurrency come July, 2018.

[clavirda]

That is 100% incorrect. Russia is not going to legalize cryptocurrency, Russia is preparing a legislative base for new ICOs.
I saw the draft version of the law and it is far from the best

Yes you are right. I watched the news carefully and there were mentions of new coins. Russia wants to simply introduce all this business into the tax system.

[tyoA7X]

That is 100% incorrect. Russia is not going to legalize cryptocurrency, Russia is preparing a legislative base for new ICOs.
I saw the draft version of the law and it is far from the best

Yes you are right. I watched the news carefully and there were mentions of new coins. Russia wants to simply introduce all this business into the tax system.

yes because many ICOs from russia and mostly successfully raised a million dollar. russian goverment maybe will set tax system for ICOs. thats good for russian goverment because they have income from ICOs taxes

[taktik]

I hope this isn't fake news and it turns out true. Russia is very big populated country. There are many people in our russian local forums too. I hope they will legalize it and regulate icos so we may see trustable altcoins from Russia.

a lot of conflicting information and is found in all the media. As far as I know, Russia in general wants to criminalize the use of crypto currency.

[vrabac68]

This is going to be huge for crypto world .Also Estonia and Switzerland will be among others to legalize crypto.After that many other countries will do the same and that when people will start to buy from all over world especially when it comes to the market where we can spend

[BigDig]

Unfortunately, this is not entirely true. Rather, it is about doing everything that is related to crypto only by the state industry. If you believe early editions of the bill, then the right to conduct such activities will only have licensed campaigns with a registered capital of more than $ 2 million.

[valnd]

If this news happens to come true, it will be very massive for crypto space. it will turn market to bullish market. I will keep watching out for the news and believing it comes true.

[Bonanzabits]

In fact, such laws in our country do not give noticeable results. Already everyone knows about crypto-currencies and work in this direction. Today you can buy a house or a car per crypto-currencies. And the lack of a legislative basis is not a hindrance.  The only plus is the green light to institutional investors.

[chokomenia]

WOW!!! this is the kind of new we want to be hearing about crypto. This kind of news normally cause FOMO and when there is FOMO it is bullish market as many people would want to get in. I hope the news comes live.

[lopez cryptomania]

This is fantastic news as Sierra Leone has recently utilized blockchain tech in their recent election it looks like more people are adopting this. I believe in this upcoming ICO because they are focusing on bringing all markets together through arbitrage trading and therefore leading the masses to crypto:

https://bitcointalk.org/index.php?topic=3085831.msg31823480#msg31823480

[BLAST2MARS]

If there are no issues that will come up on that historical moment for Russia then I'm pretty sure that we are going to enter in massive bull run and break another all time high record and Russia will be the number one pro-crypto country worldwide.

[Brothersav]

Russia is truly trying to get as many hands into emegerging markets as possible. This is a very smart move by the kremlin- USA is bei left behind whilst russia can see the future of it. This and UAE can see the benefits of cryotocurrency. Buy the best Russian and UAE coins early on and you'll be fine. That's my plan

[ranman09]

By July this current year, cryptocurrencies in Russia will be legalized under a regulatory package called Digital Assets Regulation Bill. This is another legalization under a regulation and many of the countries that legalized bitcoin falls under this method, others combines regulation and taxation. This is nothing new but other countries will surely follow this kind of cryptocurrency management in the years to come.

You are right this bill was published back January this year. I wonder what legalization he is saying to happen in July.

[sazon84]

I doubt that they want to make their laws better for investors or ordinary people.  The purpose of these bills will be to make money from people.  Simply now, the government sees that money passes by them, and they can not control everything.  Control, and once again control - this is the main goal of all laws.

[lenj]

I hope this isn't fake news and it turns out true. Russia is very big populated country. There are many people in our russian local forums too. I hope they will legalize it and regulate icos so we may see trustable altcoins from Russia.

I hope so. There are so many fud news out there recently and i bope this news can make the fud news go away from us.
People who panic in the past, please read this news so you can handle your panic sell.

[Miz]

I think it will very well affect the market, any positive news increases the growth of ICO:D
Let's see what happens..

[TrumpD]

Not surprised by this at all. The biggest ICO in world yet is about to be launched and it is a Russian company *drum-roll* Telegram. It is a smart move by the country to support their own and pave the way for it to be hugely successful. And once they do this, I wouldn't be surprised China following suit depite all the recent bans on crypto.

[ashaksagnis]

i hope this is not fake . if it is true then this is big step forward in the progress of the crypto world. Then we can wait for the bitcoin price to rise again.

[bitcoinerjawa]

As revealed in a report by the Russian parliament’s official publication on March 1, Russian president Vladimir Putin has set a deadline on July 1 for relevant cryptocurrency legislation to be adopted in the country. Russian authorities are planning to pass new legislation that would effectively legalize cryptocurrency markets by summer 2018.

The report specifically points to two draft laws centered on blockchain technology that have been developed so far. Russia’s Ministry of Finance has put the spotlight on legal guidelines for the issuance of initial coin offerings (ICOs) while the country’s central bank has prepared a separate draft law on crowdfunding.

Two authorities have agreed upon the main regulatory moves on cryptocurrencies, save for one major contradiction when it comes to cryptocurrency exchanges operating in the country. In essence, the central bank isn’t keen on retail traders and investors participating in cryptocurrency trading.

A separate bill on digital assets – to be submitted to the Russian Parliament this month – will aim to establish governance rules surrounding cryptocurrency mining. Individual entrepreneurs will be allowed to enter mining pools established by legally recognized entities and “conduct activities to extract cryptocurrencies that do not fall under the criteria of industrial mining,” said Alexei Mostovshchikov, chair of the Expert Council of the Youth Parliament under the Russian Duma.

Aksakov further stressed that both bills, from the central bank and the finance ministry, will be submitted to the chamber this month.


NilecoinTeam.

to be honest this is very good info and I really hope this could be the trigger of the rise in price of bitcoin and other cryptocurrency. more and more ICO shows that cryptocurrency technology is very familiar to many people.