Bitcoin Forum
January 22, 2019, 06:06:05 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Putin has taken a cautious position on cryptocurrencies  (Read 46 times)
i-chain.net
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
June 09, 2018, 12:11:44 PM
 #1

Putin admit that cryptocurrencies develop. Certainly, Russia should explore the opportunities around the tech.

Putin also notes that cryptocurrency mining is not regulated, and cryptocurrencies are not legal in Russia.

The Russian president issued a series of mandates last year to Russian officials, calling for cryptocurrencies' regulations, including the country's domestic mining sector.

They say, somewhere in Japan they use it, but it doesn't work in other countries.

Three bills regarding blockchain and crypto have been introduced in the Russian parliament, the State Duma, to date. Two of them passed the first round of hearings on May 22 (three rounds are required to pass the bill), one of them named "On the digital financial assets" and the other "On the digital rights".

Both bills will introduce basic blockchain terminology such as tokens and blockchain to the Russian legal language. They also restrict cashing out tokens to authorised finance institutions and assign the Bank of Russia as a regulator that should control the crypto trade and ICOs in the country.

One bill, "On the distributed national mining" – was supposed to introduce the term "cryptoruble" – was rejected by legislators.

Michael Komin, institutions development expert, believes that the bills are "half-empty" because an adequate legal language for blockchain hasn't been created so far.

"The only thing the parliament can do is to ban such technology, but it won't be approved by the Bank of Russia, Department of Finance and Treasury, which are already using elements of blockchain, and by the President Putin's advisor Andrei Belousov, " Komin said.

He expects the current blockchain bills "lay idle until better times."
1548180365
Hero Member
*
Offline Offline

Posts: 1548180365

View Profile Personal Message (Offline)

Ignore
1548180365
Reply with quote  #2

1548180365
Report to moderator
1548180365
Hero Member
*
Offline Offline

Posts: 1548180365

View Profile Personal Message (Offline)

Ignore
1548180365
Reply with quote  #2

1548180365
Report to moderator
1548180365
Hero Member
*
Offline Offline

Posts: 1548180365

View Profile Personal Message (Offline)

Ignore
1548180365
Reply with quote  #2

1548180365
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1548180365
Hero Member
*
Offline Offline

Posts: 1548180365

View Profile Personal Message (Offline)

Ignore
1548180365
Reply with quote  #2

1548180365
Report to moderator
Guard225
Newbie
*
Offline Offline

Activity: 60
Merit: 0


View Profile
September 18, 2018, 02:48:49 PM
 #2

I hope that Russia will warm upto Cryptocurrency and Bitcoin. Russia is one of the biggest financial countries in the world.The Cryptocurrency market needs Russia in the loophole. I hope that Putin will review his decision and see how things go in the future. What do you think guys?

With how Russia is treating stuff like telegram, i don't think they'd be friendly towards uncontrollable curriencies at all. Russia is a very pathological state, that's crazed when it comes to invigilation and control.
KingScorpio
Sr. Member
****
Online Online

Activity: 644
Merit: 278



View Profile WWW
September 18, 2018, 09:53:45 PM
 #3

I hope that Russia will warm upto Cryptocurrency and Bitcoin. Russia is one of the biggest financial countries in the world.The Cryptocurrency market needs Russia in the loophole. I hope that Putin will review his decision and see how things go in the future. What do you think guys?

cryptocurrencies (capitalism) create risks and opportunities. in russia,

decentralised distribution of power over a society is important, the russians witnessed fall of communism where that exactly failed.

however capitalism  also can be very cruel so putin wants some cryptocurrencies but not all.

regards

NotoriousHodler
Jr. Member
*
Offline Offline

Activity: 70
Merit: 2


View Profile
September 18, 2018, 10:06:44 PM
 #4

One word - taxes. They either try to control it (which they can't really do, with level of technical education in government structures), or they will try to ban it. Either way it will be trying to hold the water with bare hands, as happens with most of the "banned" content in Russia.
Pages: [1]
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!