Russia prepares to legalize cryptocurrency market by July 2018

[dimpsk]

Russia has long had to accept the regulation of the Cryptocurrency and receive money from foreign investors to circumvent the sanctions. But we are still waiting. I hope this is really going to happen in this summer

Venezuela did the same few days ago. Made crypto-bolivar that could not be mined. And. How it help them and us.

[worldooftanks]

This is good news for the cryptocurrency market,the main thing is that they accept normal conditions for ordinary traders and not the company.Perhaps this will be an impetus for the movement up,for other countries.

[kingcrypto-the2nd]

prize"s will go up once this happens no doubt

[crimsongoth]

I don't believe in the truth of this news. If there is a positive development in this way, it should be reflected in the prices of cryptocurrencies. It doesn't make much sense to compare Venezuela with Russia. One is one of the largest capitalist countries while other country that wants to get rid of the embargoes it is exposed to. It would be more reasonable to approach cautiously before reading a news on mainstream media.

[mydongo]

i think this might be a fake news. an autocratic country is a centralized place, it’s hard for them to accept a decentralized system.

[webmone]

I don’t believe that in Russia it will be full legalization of cryptocurrencies. I just can not imagine this. That’s because there are a lot of unclear, indistinct things related to cryptocurrencies.

[dimpsk]

I don’t believe that in Russia it will be full legalization of cryptocurrencies. I just can not imagine this. That’s because there are a lot of unclear, indistinct things related to cryptocurrencies.

Of course not  as I said early. Legislation is around taxation only. How to tax miners and how to tax ICOs.
The point is - you can mine crypto as early but pay taxes. You could not use crypto as legal curremcy. That's it

[xKARELx]

I hope this news will be reflected in a good plan for the whole situation, which is happening now with the market

[Valturbo]

i think this might be a fake news. an autocratic country is a centralized place, it’s hard for them to accept a decentralized system.

Governments can pass laws that will help them use even decentralized cryptocurrencies to their advantage. Now it's just a matter of creating such a mechanism.

[dimpsk]

My view is that holding for a year shall be the greatest track to the worst financial result at present to take advantage of this new legislation and the foreseeable results in a year.

Yep, this is funny

[Semaj123]

Hopefully, this will have a better outcome and I think this can be the signs that Btc will be increasing its value and also with other cryptocurrencies. Also, this country is well-developed and we should expect some support of their countrymen which are obviously supporters of crypto.

[NikaMo]

Russia play big role in world economy now. Putin is a smart guy and he really knows what to do.
I think world start to change if Russia realy support crypto

[sserge009]

It is more about government regulation than legalization. While there is no specifics, but mining will be equated to business and taxed. And for the release of tokens will only have the right to campaign with a state license. But again, all this is just chatter for now.

[Vektrum]

As far as I know, the Central Bank of Russia and the Ministry of Finance are categorically against recognizing the crypto currency as a means of payment. They say that according to the Constitution, only their ruble can be a single means of payment on the territory of this country and therefore they support the introduction of criminal liability for using crypto currency as a means of payment. I still see that in Russia they are trying to ban and prohibit crypto-currency sites. Is this how the preparation for the legalization of the crypto currency is going? I really doubt. that this year's crypto currency will be free to walk through the territory of Russia.

[kliown]

If Russia will accept this bill, it will be a very good and important event for the cryptocurrency. It is interesting that even such things can be traced to the confrontation between Russia and America. Summing up, we can say that everything indicates that the summer can bring quite good changes for cryptocurrencies.

[Bitmedrano040117]

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.

Perhaps the introduction of these laws will lead to a decrease in the number of frauds in their market, but I would not invest in projects oriented to the Russian economy. There are very serious problems, I do not think it's worth the risk.

[MNTCorp]

It's nice, that different countries trying to apply cryptocurrency as payment method.
From hate to love in one step. Congratulations, my friends !

[Leona Lewis]

That's are realy great news! Even if they prepare taxes for crypto profits and mining, it would be great to do things legally without risk of being arested.

[Valturbo]

If Russia will accept this bill, it will be a very good and important event for the cryptocurrency. It is interesting that even such things can be traced to the confrontation between Russia and America. Summing up, we can say that everything indicates that the summer can bring quite good changes for cryptocurrencies.

If we consider the confrontation between Russia and America, then in the crypto Russia is now in the role of catching up. And she just needs to change her legislation.

[qazgroup]

Infact every country will follow sooner or later, no one wanta to get left behind, everyone wants to adopt blockchain technology for the efficiency and revolutionary transparency it provides in automation and every procedure.