Russia prepares to legalize cryptocurrency market by July 2018

[Samiliti]

I think that's right . If they can protect ICO projects from scams , it will be very good for the market as a whole . The more States will legalize crypto , the greater will be the influx of new players

[last7minutes]

Cryptocurrency it is the new field of modern economy, so government regulation is the logical process of the development.

Yes, it is very logical that the state wants to control the new sphere of the economy. I think that very big money will come to the crypto economy after the legalization, this money will raise the entire block chain to a new level.

If Russia makes this step, its economy will be better, I am sure. This is the wisest decision - they are smart enough not to ban the cryptocurrency. However, I suppose that crypto dealers (miners and traders especially) will pay taxes.

[vivuta115]

it seems that the countries are moving in the right direction along the way of legalization of the crypto currency. This will allow the crypto currency market to develop more actively. I believe that all countries of the world legalize crypto currency.

[Alexander210]

it seems that the countries are moving in the right direction along the way of legalization of the crypto currency. This will allow the crypto currency market to develop more actively. I believe that all countries of the world legalize crypto currency.

While not all countries are ready to accept the crypto currency, many do not see the main purpose of the crypto currency. If all countries legalized the crypto currency, then many problems were resolved. If Russia legalizes the crypto currency, then many will come out of poverty, in Russia there are many poor people, crypto currency is their salvation.

[ylnar123]

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.

As far as I know, Russia is also one of the biggest contributor in cryptocurrency where they supported ethereum in their nation. Most of the time, when good news like this erupt, the market will boost and the price will rise a bit. That is if investors buy while the price is still cheap.

[juragankambing]

a very good news because it will make laws related to cryptocurrency, hopefully this can be quickly implemented and followed by other countries,

[Anton1105]

According to the Russian prime minister, Dmitry Medvedev: the legislation on crypto-currencies should not interfere with the development of the digital space. During the plenary session of the St. Petersburg International Legal Forum, Dmitry Medvedev described as counterproductive attempts to regulate everything and believes that one should not interfere with the development of cryptology.

[Mr.Noda]

Rumors about this have been going on the net for months now and I do not think that's true! What did not people come up with already! Do not believe everything.

[paulscathedral]

For the world of cryptocurrencies is definitely good. Since legalization is more and more popularization of the blockchain. All the new ICO will be tightly controlled and it is certainly a positive impact on the market as it is now 90% Russian ICO is a scam. Less freedom, more taxes.

[Xkaliber]

a very good news because it will make laws related to cryptocurrency, hopefully this can be quickly implemented and followed by other countries,

Hopefully the news really happened and not only discourse,
if it really happened maybe later bitcoin price will rise drastically,
we just monitor the progress let me clear

[Bambam28]

I do not believe that Russia will adapt bitcoin. The government does not benefit from legalizing the currency for the next few years.

[4ernuy]

Excellent news, I hope in all countries the cryptocurrency will begin to legalize. It's time to understand that bitcoin is the future.

[dimpsk]

Excellent news, I hope in all countries the cryptocurrency will begin to legalize. It's time to understand that bitcoin is the future.

Dude it is not about legalizing at all. It's about taxation of mining and ico only Crypto will be not a legal paying currency in Russia, forget it

[Darker45]

Where does this news come from? Can we take this as a real or legitimate news or a fake news? There is no link from a relevant Russian news channel that published this. Anyhow, if this news is true, I guess there will be a large inflow of Russian crypto supporters. But I have already observed how Russians are making up a significant part of the cryptocurrency family even before crypto made it to the mainstream.

[jouns]

I do not believe in the positive outcome of this political decision, the Russian  ministers do this for their own enrichment but not for the sake of crypto currency development.
Personally, I'm waiting for bad news.

[[ProTrader]]

I think there will be a bullish run this July. No wonder why there are a big dump to shaken all the weak hands. I think we needto buy on the deep today because it is a matter of time before the market pump again.

[maliha tahir]

Nobody knows how the starting direction of the crypto market will influence its members in Russia.The charge isn't prepared yet and talks are as yet in progress.

[utiltox]

I think that for simple people as always nothing good not will.

[Skroojee]

This bill may have a positive impact on cryptocurrencies, but unfortunately it is unlikely that this bill will be able to make something useful within Russia itself.

[dimpsk]

This bill may have a positive impact on cryptocurrencies, but unfortunately it is unlikely that this bill will be able to make something useful within Russia itself.

They are trying to find some money to fill budget and help typhoons under sanctions. So they can tax even air not only crypto. Is this positive or not I don't know. It's a bit weird