Is Russia is on the way to adopt cryptocurrencies?

[Harlot]

Yes you are right. From what I know Russia is like other countries like Malaysia and Indonesia where they allow cryptocurrencies in their country but prohibits them to becomes means of payment. So indirectly using cryptocurrencies by converting is to their Fiat currency is a legal loophole. This is why the Russian legislative department are taking into action because they now want to properly regulate cryptocurrencies in their country. Adoption of the cryptocurrencies will soon follow as last time I check they are in favor of cryptocurrencies in their country.

[1714092728]

1714092728

[Oceat]

A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.

The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.

We cannot say if Russia is or is not in favor of legalizing the crypto currencies .That will remain a mystery until some government official makes some statement regarding its position in their country . The new exchange will not be determining this fact as people are allowed to make exchanges if there is no law against its making . The real thing will be identified when the exchange will be noticed by the government and when some action ( positive or negative) will be taken in its direction.                                                               

Yeah, i have to agree that we should still wait for the government to officially confirm those rumors that spreading about of their country and their new exchanges. It will only just tend someone to hope that it is true but the question is, what's the difference of online exchange against their exchange? I always found a news about Russian country that saying they were legalizing crypto currency. I hope this was all real it does a good effect to the market though.

[Kemarit]

A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.

The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.

LOL. I have been telling since 2017 that Russia will not be a friendly crypto country. They have been totally contradicting themselves in more than 6 months now that you have to take everything coming out from them with a bag of salt. Whatever lawyers or some hotshot crypto investors says, its really up to the top, Putin to decide what is good for his government. We all know how disruptive this technology is, do you think the Putin will just yield to something that has the potential to change the financial landscape of Russia? I don't think so, another reason that I'm leaning towards is that its uncontrollable, again I doubt that Putin will just allow it to flourish in his country without him having a full grasp on it.

[markflayer]

A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.

The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.

LOL. I have been telling since 2017 that Russia will not be a friendly crypto country. They have been totally contradicting themselves in more than 6 months now that you have to take everything coming out from them with a bag of salt. Whatever lawyers or some hotshot crypto investors says, its really up to the top, Putin to decide what is good for his government. We all know how disruptive this technology is, do you think the Putin will just yield to something that has the potential to change the financial landscape of Russia? I don't think so, another reason that I'm leaning towards is that its uncontrollable, again I doubt that Putin will just allow it to flourish in his country without him having a full grasp on it.

You are right. Russia is not a crypto friendly country. But I saw many news that crypto activities are increase day by day in Russia. This news is also surprised me.

[bering]

i don't know the situation on that country because i'm not Russian people but according to OP post that build exchange service which is Russian people can buy or sell crypto is not against the law so until today involved at crypto world is not forbidden in Russia but i think that's will not guarantee someday Russia government will adopt and regulate cryptocurrencies and in my view it's too early to talking about this

[Theb]

Haven't they already adopted it indirectly? I mean currently the Russian government has no regulations or laws involving the use of this cryptocurrencies which means anyone in their country can freely use Bitcoin and other cryptocurrencies. The only thing missing to fully adopt cryptocurrencies is of course through legislation, with it they can officially have some kind of regulation.

[Umkar]

I do not agree with the opinion that Russia has started to adopt a crypto currency in its own country. In recent years, politicians and officials of this country have expressed various, often contradictory views on the need and the possibility of introducing crypto-currency, and the actions of the authorities have almost always been aimed at limiting or prohibiting it. Therefore, I do not see the law passed there yet, I do not believe that Russia can give its citizens the opportunity to freely own and dispose of the crypto currency.

[babak197023]

A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.

The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.

[Infern0]

Yes, Russia is very active in the direction of cryptocurrencies. As soon as cryptocurrency legislation is introduced in July this year, Russia can become a leader in transactions, ICO startups and mining.

[margarita_free]

There is so many blockchain projects! Of course, now Russia have no any law about cryptocurrency, but it seems to me, that Russia must takes cryptocurrencies, and projects, which working on that way, could get good money on ICO!
For example, i had working in food retail company, and our competitor made Loyality Program, which made on new cryptocurrency, which can trade at the Russian Market.
That's really interesting.

[Aikidoka]

I believe that Russia is on the verge to accepting bitcoin which I consider it to be a good opportunity for Russians as long as they use it not for illegal purposes. Russia is a big country and there are many poor and unemployed people. Investing in bitcoin will be a chance for them to make a living unlike India. But then again, we should not be that optimistic because Russia can turn cards upside down because it is unpredictable.

[margarita_free]

I believe that Russia is on the verge to accepting bitcoin which I consider it to be a good opportunity for Russians as long as they use it not for illegal purposes. Russia is a big country and there are many poor and unemployed people. Investing in bitcoin will be a chance for them to make a living unlike India. But then again, we should not be that optimistic because Russia can turn cards upside down because it is unpredictable.

Yes, you are right, there is so many people, but, when BTC is up, many people, who was poor, stay rich  very fast 

[crzy]

I believe that Russia is on the verge to accepting bitcoin which I consider it to be a good opportunity for Russians as long as they use it not for illegal purposes. Russia is a big country and there are many poor and unemployed people. Investing in bitcoin will be a chance for them to make a living unlike India. But then again, we should not be that optimistic because Russia can turn cards upside down because it is unpredictable.

I'd hope there will be no more war in the future and I hope that Russia will support bitcoin because of its technology and not just because of something else. Russia is a great market, a big future for investors there and I know many countries will follow this kind of decisio soon.

[ubercab90]

Seems like this. Russia is trying to adopt crypto because of sanctions they suffer, it can be a way to solve the problem and upgrade their economy

[fiter92]

I think it will be nice if crypto will be legalized in Russia. And some soft-regulation for ICO could attract investors and help to economics

[KingScorpio]

Yes you are right. From what I know Russia is like other countries like Malaysia and Indonesia where they allow cryptocurrencies in their country but prohibits them to becomes means of payment. So indirectly using cryptocurrencies by converting is to their Fiat currency is a legal loophole. This is why the Russian legislative department are taking into action because they now want to properly regulate cryptocurrencies in their country. Adoption of the cryptocurrencies will soon follow as last time I check they are in favor of cryptocurrencies in their country.

russia seeks to destry the banking cartels in the west that print the countries money in order to pay anti russia haters in their mass media, therefore they want to replace the western banking cartels  with cryptocurrencies.

[yojodojo21]

A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.

The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.

I don't know if the issue about Rothschild central bank's power is taken away by president putin is true? That is  the only reason why days before crypto currencies adaptation is difficult. But basing on some legit ICO project that helps the market rocks is actually a product of Russian people which are based in the city of slovenia and specially in estonia not just only in Moscow.

[richardsNY]

russia seeks to destry the banking cartels in the west that print the countries money in order to pay anti russia haters in their mass media, therefore they want to replace the western banking cartels  with cryptocurrencies.

That's a pretty weak statement, and seems more like a scene out of a bad movie. Russia doesn't really care about what others are thinking about them, they just follow their own route, and I'm happy they do so. Russia has other ways to make the west show a little more respect, and they already do. On top of that, Russia might end up completely operating their own crypto currencies, and not so much the ones we currently use and trade. It all comes down to how their centralized currencies will allow them to maintain the control they are badly craving for. At most we can hope for more friendly regulations allowing our crypto market to develop itself even in Russia. It's already happening in Belarus, where we now are waiting for Russia to plan and execute its next move.

[Argoo]

The emergence of a single exchange of crypto currency in Moscow does not mean that Russia has taken the path of adopting a crypto currency. Do not forget that in the State Duma of Russia there is a bill on the establishment of criminal liability for any operations with crypto currency and representatives of the Ministry of Justice explain this step by the fact that the Constitution of the country recognizes as a single means of payment only the ruble, and therefore the emergence of crypto currency as a means of payment violates the Constitution . While all this will not be considered and specific laws will not be adopted, it is too early to say anything about a specific course in Russia.

[Lieldoryn]

Russia is on its way to international isolation. If Russia turns off swift, even the legalization of cryptocurrencies will not help Russians. Cryptocurrency exchange will be even more problematic. I think that Russia will become a more closed country and repeat the fate of North Korea. In such circumstances, the legalization of cryptocurrencies is impossible.