Russia prepares to legalize cryptocurrency market by July 2018

[BraveSaw]

Russia needs to do that. Allowing crypto will give possibility to receive more investments inside country bypassing sanctions, since their economy isn't in a good shape now.

[krassy]

Since I am from Russia, I will say frankly that Russians cannot live without control, while control must be present in all areas, especially when it comes to finance. Now the bill on cryptocurrencies in Russia is being discussed and it is very hard, the government will not allow the free circulation of cryptocurrency without paying taxes, without the opportunity to get profit from it, without total control.
If the adoption of the law on the legalization of cryptocurrency in our country will attract investment and promotes the development of the economy, it will be very good.
However, the wording of the law,which is now under discussion, does not help to attract investment, but rather sets a rigid framework.  In fact, all foreign and most domestic services will be illegal.
I hope the government will have smart guys who are able to create the right and decent law.

[Karina 3340]

I know that the Central Bank is against the legalization of this type of digital currency, because in this case, citizens can start actively investing in crypto-tools, not taking into account possible risks.

[Veter2000]

Since I am from Russia, I will say frankly that Russians cannot live without control, while control must be present in all areas, especially when it comes to finance. Now the bill on cryptocurrencies in Russia is being discussed and it is very hard, the government will not allow the free circulation of cryptocurrency without paying taxes, without the opportunity to get profit from it, without total control.
If the adoption of the law on the legalization of cryptocurrency in our country will attract investment and promotes the development of the economy, it will be very good.
However, the wording of the law,which is now under discussion, does not help to attract investment, but rather sets a rigid framework.  In fact, all foreign and most domestic services will be illegal.
I hope the government will have smart guys who are able to create the right and decent law.

I would say that this Russian government is trying to control all areas of activity, even those who are only getting worse from government control. Cryptocurrencies developed without control and this has both positive and negative sides. Cryptocurrencies will not be legalized in the Russian Federation as a means of payment for a very, very long time.

[target]

Since I am from Russia, I will say frankly that Russians cannot live without control, while control must be present in all areas, especially when it comes to finance. Now the bill on cryptocurrencies in Russia is being discussed and it is very hard, the government will not allow the free circulation of cryptocurrency without paying taxes, without the opportunity to get profit from it, without total control.
If the adoption of the law on the legalization of cryptocurrency in our country will attract investment and promotes the development of the economy, it will be very good.
However, the wording of the law,which is now under discussion, does not help to attract investment, but rather sets a rigid framework.  In fact, all foreign and most domestic services will be illegal.
I hope the government will have smart guys who are able to create the right and decent law.

I would say that this Russian government is trying to control all areas of activity, even those who are only getting worse from government control. Cryptocurrencies developed without control and this has both positive and negative sides. Cryptocurrencies will not be legalized in the Russian Federation as a means of payment for a very, very long time.

Maybe they have their own way too just like Thailand.

Cryptocurrencies may not be controlled but certainly the government can tax the users. Its going to be a hardwork but its doable. The Russians has started the best altcoins in crypto namely ETH and WAVES, I'm sure they got better ideas for these type things.

[ethereumhunter]

it's better to wait for what will happen next in Rusia and if this is true, then I think the market will get some fresh air and will rise back in July 2018. maybe it will give a good impact for the crypto market too because Rusia is accepting cryptocurrency market. and maybe there will be a tax that needs to pay by their citizen or they will make some regulation to control cryptocurrency.

[landysh007]

Since I am from Russia, I will say frankly that Russians cannot live without control, while control must be present in all areas, especially when it comes to finance. Now the bill on cryptocurrencies in Russia is being discussed and it is very hard, the government will not allow the free circulation of cryptocurrency without paying taxes, without the opportunity to get profit from it, without total control.
If the adoption of the law on the legalization of cryptocurrency in our country will attract investment and promotes the development of the economy, it will be very good.
However, the wording of the law,which is now under discussion, does not help to attract investment, but rather sets a rigid framework.  In fact, all foreign and most domestic services will be illegal.
I hope the government will have smart guys who are able to create the right and decent law.

I would say that this Russian government is trying to control all areas of activity, even those who are only getting worse from government control. Cryptocurrencies developed without control and this has both positive and negative sides. Cryptocurrencies will not be legalized in the Russian Federation as a means of payment for a very, very long time.

Maybe they have their own way too just like Thailand.

Cryptocurrencies may not be controlled but certainly the government can tax the users. Its going to be a hardwork but its doable. The Russians has started the best altcoins in crypto namely ETH and WAVES, I'm sure they got better ideas for these type things.

The government wants to receive taxes from crypto currency transactions, because in the Russian budget, a shortage of funds, this is the main reason. But I strongly doubt that this law will work correctly. Nevertheless, until July 1, there is very little time left, we will soon find out everything.

[gudvin1988783]

it's better to wait for what will happen next in Rusia and if this is true, then I think the market will get some fresh air and will rise back in July 2018. maybe it will give a good impact for the crypto market too because Rusia is accepting cryptocurrency market. and maybe there will be a tax that needs to pay by their citizen or they will make some regulation to control cryptocurrency.

You're right. Perhaps these actions on the part of Russia will give some kind of positive note in this market. Perhaps other countries will reduce the pressure on this market and enable new players. If this happens, then we will be revived by the market.

[Veter2000]

Since I am from Russia, I will say frankly that Russians cannot live without control, while control must be present in all areas, especially when it comes to finance. Now the bill on cryptocurrencies in Russia is being discussed and it is very hard, the government will not allow the free circulation of cryptocurrency without paying taxes, without the opportunity to get profit from it, without total control.
If the adoption of the law on the legalization of cryptocurrency in our country will attract investment and promotes the development of the economy, it will be very good.
However, the wording of the law,which is now under discussion, does not help to attract investment, but rather sets a rigid framework.  In fact, all foreign and most domestic services will be illegal.
I hope the government will have smart guys who are able to create the right and decent law.

I would say that this Russian government is trying to control all areas of activity, even those who are only getting worse from government control. Cryptocurrencies developed without control and this has both positive and negative sides. Cryptocurrencies will not be legalized in the Russian Federation as a means of payment for a very, very long time.

Maybe they have their own way too just like Thailand.

Cryptocurrencies may not be controlled but certainly the government can tax the users. Its going to be a hardwork but its doable. The Russians has started the best altcoins in crypto namely ETH and WAVES, I'm sure they got better ideas for these type things.

The government wants to receive taxes from crypto currency transactions, because in the Russian budget, a shortage of funds, this is the main reason. But I strongly doubt that this law will work correctly. Nevertheless, until July 1, there is very little time left, we will soon find out everything.

That is, the main goals of these laws will be the taxation of miners and the legal restriction of free movement of capital through crypto currencies from the Russian Federation and into the Russian Federation without the knowledge of the government and special services.

[sexylady13]

it's better to wait for what will happen next in Rusia and if this is true, then I think the market will get some fresh air and will rise back in July 2018. maybe it will give a good impact for the crypto market too because Rusia is accepting cryptocurrency market. and maybe there will be a tax that needs to pay by their citizen or they will make some regulation to control cryptocurrency.

We shouldn't wait for any positive news from the Russian government. The news may seem positive, but it's opposite, as a matter of fact. Russia is not going to allow the development of new technology in any manifestations!

[TanteStefana]

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.

Wow...insane news for me, I have some relatives there...  I cannot thought before this article that Russia would go for that even faster then other countries... But this is great news

[mastersay]

This is a very good news especially to those investors who wants to invest and own cryptocurrency in russia. Also the price of the cryptocurrency market will soon rise when this regulation has been lifted. The cryptocurrency future was bright. Now its up to those investors on how they will use the cryptocurrency.

[jerrison]

in the world today, one of the most looked at country that has been pioneering the cryptocurrency arena is well known as the Russian government. it is a laudable achievement and then will give a soft landing for nations that want to be a part of the currency to jump in.

[bienvang192]

any positive issues in cryptocurrencies are already predicted by the expert, so this is just what the progress will be needed for the long way to the modern monetary financial technology to build the world to be a better place.

[BigTimeProducer]

This news is very interesting. I am sure that this will give Russia a significant advantage in the development of the crypto market - both for private and institutional investors.

[losh11]

this is beneficial information for each of us, being ussr is the district that present close to the attribute of crypto currency.

[ngantrann206]

crypto-currencies will become legal all over the world over time. I think this is what the market needs. doing this will completely change the fate of krypton. I hope that happens as soon as possible.

[enendad]

crypto-currencies will become legal all over the world over time. I think this is what the market needs. doing this will completely change the fate of krypton. I hope that happens as soon as possible.

This is a great news, but where does he come from? Can you provide me reading? Thxx
If this is the case, whether it will affect some of the surrounding countries, or affect the Allies, this may be able to promote the development of encryption faster.

[anti76]

I think after the adoption of some laws investors from Russia will be less.And it is not very good impact on the exchange rate and capitalization of cryptocurrencies.This is my opinion maybe it's wrong but let's wait and see what happens in July

[goodfortune2018]

I think this is another achievement of cryptocurrency in the world market considering that Russia having a very strong economy that enough to help crypto market of a speed up recovery.