Russia prepares to legalize cryptocurrency market by July 2018

[Maestro75]

The news coming out of Russia and Venezuela should be enough to strengthen the faith of panic sellers and the feeble at heart that bitcoin and cryptocurrency have come to stay and that no matter the fall now, the coins will bounce back. Just like in 2017, July should see a spike again this year. And I strongly believe the Russia news will be instrumental this year to btc price level.

[LazyBitInvestor]

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

[Treshkilling]

Yes, I heard about it, miners will be infringed in their activity. I am not engaged in mining, but I understand how it will affect them, I sympathize. They are all a little of money to steal , even before the cryptocurrency is reached.

[emery88]

If this is true then it is great, the market will go up.

[dimpsk]

Russia is drawing the future of world economy now. Putin is a smart guy and he really knows what to do.
I think world start to change now after Russia support to crypto Currencies

You kidding me. Putin is a smart granpa, but most russian population has no money to buy enough food and pay for the house simultaneously. The only purpose of this legislation - is to suck taxes from miners. But they already have nothing due to current prices energy costs (electricity in Russia has the same price as in US) and mining difficulty,

So, take it easy

[euggio]

These stated governments have long emerged in the press, but so far I have not seen active actions for the legalization of crypto-currency. Well see..         

[yndye]

If this will be push through then it would be good for the cryptocurrency ecosystem. Another big country legalizing it would at least have a positive impact and make more people trust it more since some do not trust anything that are not legal. There are so many people who are still skeptic when it comes to cryptocurrency because all they know is that it is use in illegal transactions because of what happened years ago during the Silk Road incident and the media always refer to that incident so their first impression of bitcoin and cryptocurrency in general is use by criminals. I hope that this move would make people be convince that cryptocurrencies is different from what they thought it was.

[VenturaBro]

Why was it illegal in the first place though? 

Also, isn't Russia planning to open up their own form of mining sector in the government? Is that why they're legalizing it?

[target]

This must be the start of us getting richer when all other tokens are going to be recognized by government not just Russia. Russia must pave the way to other countries will realize this is the best path to go through with the rise of cryptocurrencies. I guess the speculations about ETH and waves going to have bigger price soon may eventually happen and we'll find it out before the year end.

[Usui-Chan]

If this turns out to be real, people will go head over heels to crypto now since the influence of russia to its constituents and other countries as well is pretty solid. Know that this might be true gives me a sense of relief that crypto will have a great future ahead.

[Klovezio]

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.

Hi, therefore, the aim of Russian official crypto-policy is to eliminate the chances of illegal transactions such as, human-trafficking, terrorism financing, and money laundering, while at the same time using this technology to modernize the internal capital management of Russia

[alexbs]

Only great statesmans have the ability to foresee the perspective sooner than others. The priority of a country, should be to maintain a competitive productive companies and attract as many opportunities as possible, wherever they come from; especially from the most advanced sectors.

Even the European insitutions are also looking favorably to the criptoworld. It's just a matter of time and sooner or later, all most advanced countries will legislate about cryptocurrencies and about the related application uses. Germany and his company (Bosh, Siemens, Volkswagen) with IOTA foundation, is at the forefront from this point of view.

[AmiranAbdul]

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.

If this really happens, it will be great because we will get new investors who simply change the entire cryptography market. Another question is whether they will impose a tax or not.

[GrandBcn]

O, come on. It's Putin. We can not expect anything good from him. They will impose bans, and people will learn to bypass it. They will impose taxes and the people will learn how to avoid taxation. You know what kind of corruption in Russia. I think nothing good will come of it. Perhaps another president will be able to do something useful for the crypto community, but no Putin.

[rezurect]

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.

So it's not even true.
Is this some kind of new way to shill your coin?

[Profuter]

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.

everything might change, because in Russia the elections are coming and people may choose another president and he may not be satisfied with this legislation.

[Semeny4]

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.

I straight knew that it legalized, all of whom spoke of, with traders, hunters, and all said that Putin will say the crypt is not. But no

[Ceballos]

Seems like World war is going to be on finance world. Russia is legalizing and USA is banning and also few countries banning too.
This is how we are going to fight against capitalism. Russia is going to be the richest country soon.

[IraKit]

It is not yet known how the regulation of cryptocurrency market in Russia will affect. Legislative norms are still being discussed and in what form the laws will be adopted remains a mystery. But I want to hope that it will be positive changes.

[Wind_Crypto]

i think this is generally a move in the right direction, to fully embrace blockchain tech's usefulness for society at large. But bear in mind the repercussions that it cld bring to traditional fin mkts and ppl's spending habits in the short term. hard to say how things will turn out in the end