Germany is going to be the Crypto Heaven but Russia Banned- What are the others?

[mirrasel]

I have learned one thing - never trust news about crypto coming from Russia or India
the rumor is they are mulling the crypto ban , but they have been mulling it for the past 5 years
the russain papers have zero info about it , other than the draft of the laws that is not public
if it does exist than it is going to be sad news for the russians , they have enough restrictions in place with the digital money
some of the anonymous wallets like KIWI are being restricted and the banks are ordered to do more rigorous checks on the people who convert digital money into fiat
I hope this laws doesn't pass and there will be another five years of banning/legalizing crypto in Russia in the news

But recently Binance bought one of the biggest crypto exchanges of India WazirX. Then, what's the reason?        

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[stompix]

I don't think that you can look at Russia and China on their own, but you should consider them as part of BRICS. It has been announced that  a crypto is being developed to replace the dollar.

Hhahahah
Brics?
Let me think..
Brazil, celebrating a 0.6 gdp increase
Russia, still behind the 2014 line
India...common
China the only one that matters
South Africa? Again in a recession?

BRICS, there is no BRICS and there will never be!
You can't have a union when 3 of them India/Russi and China are always suspicious about the other's intent and are in permanent conflict when it comes to disputed territories. There is no real cooperation between those and it will never be.

Germany is in decline together with the Euro, and if they don't succeed in their attempt to continue to rip off the UK to support it, then Bitcoin could well become a safe haven alongside gold for the unfortunate residents there.

Yeah, Germany is on a decline, posting budget surplus after budget surplus and the only one of all the big players that is actually seeing its debt decreasing! The residents of Germany should really start storing some haggis for the moment the euro crumbles...lols!

Back to the main topic:

Germany is going to be the Crypto Heaven but Russia Banned

Am I missing something or when did Russia ban bitcoin?

[Eugenar]

It's all going to in an interesting way probably we will see lot more up and down regarding this issue but our positive understanding about cryptocurrencies is most important thing and we have to spread the use of cryptocurrency in a positive way so it will be very effective but we should ignore the negative, pointless and fake news and I am definitely sure that one day the whole world will adopt cryptocurrencies with regulations.

I do not agree with it completely. Cryptocurrency is providing us with services that are transparent and open for people to know such as the broadcasting of the transaction that we are having in a public ledger. Through this, we should do the same thing as becoming transparent and loyal to other people about the current status of cryptocurrency. We should obtain their trust for them to utilize crypto, knowing that it also has its flaws which should be accepted first by the people.

[royalfestus]

Twitter chief Jack Dorsey announces plans to move to Africa

Thanks for the quick update. My inquisitiveness is why is Jockey moving to stay in Africa? I thought he would have better security in the States? Maybe the tax in the States is much. It's also good if he can develop Africa youth technologically, I will gladly enroll in his school.

he is not coming to stay permanently with the information I read, he has a plan for Africa and he came for a surveillance in prospective countries. He promised to come back soon but might spend more the 1 month than he spent. There are rumors that it could be a project in cryptocurrency due to some circumstances around his visit, that was his longest time in Africa as well.

[Shenzou]

A lot of countries have been quick with their decision of banning bitcoin and cryptocurrency back in 2017 when they saw what it was able to do and they had no idea how to handle it because they were not prepared, but now over time and after they know its potential and what it is capable to do, they slowly started to accept it and develop it, from unbaning it to creating their own centralized crypto, but either way, with the big developed countries like Germany and united states making it legal with time all the others will do the same.

[kryptqnick]

just because the banks or even the central bank of a country makes an statement saying "using bitcoin carries risks" doesn't mean the country itself has banned bitcoin! almost all of the banks all around the world and even governments or even any individual that is not an idiot has made such statements warning others about the risks of using a highly volatile currency! specially when people want to invest a lot of money in it, not just use it for payments. but unfortunately the shitty news sites always take that as a "country ban" and report it as news...

Yep, I also visited this thread to write about Russia. It's no surprise that the Central Bank is against Bitcoin and would prefer it to get banned. Banks are usually against cryptos, nothing new here. And the legislation has not passed and is probably unlikely to pass anyway because it's not the banks that make decisions. So the "Russia Banned" part in the name of the thread is pretty misleading.
As for other countries, Ukraine is pro-blockchain and potentially pro-crypto, but several draft laws failed and nothing new seems to be getting ready, so for now, it's a 'no regulation' zone.

[Rick-C-137]

Fortunately, bitcoin has among its characteristics the not fear of borders and only the altcoins with "certain and feasible fathers" can be stopped, or regulated, depending on the Nation. But Satoshi made a fundamental move by disappearing.
For all the altcoins you can be displaced, with bitcoin no (and when the anonymity will be clear the differences will be clear).

Very good point. Often the developers ego for recognition makes them targets for regulation. Only if more projects had that sort of selflessness. The real Satoshi does not have the recognition but still has the ocean of BTC. I am sure that is enough for him, She or them

[bigcash2011]

Germany's legislation is awesome and every blockchain and crypto enthusiast will welcome this sort of legislation and i am sure many countries will follow as transacting through banks can make crypto compliant because they have full data of bank accounts and transactions also it will be very easy to buy or sell crypto directly via banks.

[maxreish]

I really like how Germany decided to fully accept cryptocurrencies.
They are very open for new technologies that can enhance their economic system. If the banks of Germany will run selling and storing cryptocurrency, then it will become an eye opener for some countries who are still hesitant to reconsider it.

If you have any suggestions, comment or discussion, Let's discuss it! Can you guess the overall sentiment of last week from the headlines? Is it Positive, Negative or Neutral? What is your opinion?

I don't think some of those were positive like the stable coin EToro. Libra coin is still not yet giving up and then another stable coin is coming. We still have enough stable coins and I don't think adding more will be useful enough.

[veleten]

I have learned one thing - never trust news about crypto coming from Russia or India
the rumor is they are mulling the crypto ban , but they have been mulling it for the past 5 years
the russain papers have zero info about it , other than the draft of the laws that is not public
if it does exist than it is going to be sad news for the russians , they have enough restrictions in place with the digital money
some of the anonymous wallets like KIWI are being restricted and the banks are ordered to do more rigorous checks on the people who convert digital money into fiat
I hope this laws doesn't pass and there will be another five years of banning/legalizing crypto in Russia in the news

But recently Binance bought one of the biggest crypto exchanges of India WazirX. Then, what's the reason?        

it is not related to the governmental policies of India per se
ownership changes hands and now Binance could do whatever they need with the users base , code , they can even change the jurisdiction if they wanted to
I haven't read about Warzix , but if it is an Indian exchange , this doesn't mean that they cannot be under some other country's jurisdiction and  only be called
from India because of the main offices or the owner coming from India etc.

[irixo10]

Using your title as a yardstick to comment; in the case of Germany, the country seems to understand that partaking in upcoming technologies matter a lot as it tends to bring more opportunities. With Germany on the path to a crypto heaven it will make the country more attractive to upcoming projects which will not only bring value to the Germany but to the crypto space as a whole. Talking about Russia bans, it might not be what it is as they may likely be heavily involved in crypto related matters as an advanced country.

[o48o]

1. New law makes Germany “Crypto Heaven”
German parliament passed a bill allowing banks to sell and store cryptocurrencies from next year. The new legislation will come into force on 1 January 2020. (Decrypt: https://decrypt.co/12603/new-law-makes-germany-crypto-heaven

I've been waiting for bank custodial services, even though they might be not in the spirit of borderless money i think that people will adopt those services.
Especially old people who want security because they can't handle all the tech for getting bitcoin. And then there's the security aspect.
I think for most people it will come cheaper if the bank secures your keys rather then you hiring a private vault.

[kapalmabur]

1. New law makes Germany “Crypto Heaven”
German parliament passed a bill allowing banks to sell and store cryptocurrencies from next year. The new legislation will come into force on 1 January 2020. (Decrypt: https://decrypt.co/12603/new-law-makes-germany-crypto-heaven

I've been waiting for bank custodial services, even though they might be not in the spirit of borderless money i think that people will adopt those services.
Especially old people who want security because they can't handle all the tech for getting bitcoin. And then there's the security aspect.
I think for most people it will come cheaper if the bank secures your keys rather then you hiring a private vault.

I think if bitcoin is deposited in a bank is there any special regulation? this certainly adds tax to the bitcoin depositors there,
then how will security be guaranteed? if someone forgets the private key, can bitcoin return to the user?

[o48o]

I think if bitcoin is deposited in a bank is there any special regulation? this certainly adds tax to the bitcoin depositors there,
then how will security be guaranteed? if someone forgets the private key, can bitcoin return to the user?

Regulations depends purely on the country. And about the security, you could ask that about any valuable they are holding. Question is, if you do trust them more then your own security.
At least one would think that theis insurance would cover a private key loss. But it would depend on the contract if the insurance paid back in btc or in fiat money.

[adzino]

Yeah good thing this is happening. Not sure about Russia banning crypto currencies. Haven't heard anywhere about it. Though I guess they will eventually life the ban (if they did actually ban it) and become more flexible in case of using crypto currencies.
I guess Ghana and the middle eastern countries you mentioned are not talking about crypto currencies. They are talking about digital money which are backed my fiat currencies. More like digital payment wallet like Paypal. Those can't be considered as crypto currencies. They might just be using the blockchain technology to keep everything transparent.

[nicolas1979]

I see that is good news that can give positive impact into crypto market, many country use it for economic purposes. Some country still reject crypto because they don't have solution to keep their currency safe, bitcoin can become nightmare into currency value. They only need see more deeper, you can reject bitcoin but please adopt blockchain technology it will solve your speed network problem.

[supercanada1]

I see that is good news that can give positive impact into crypto market, many country use it for economic purposes. Some country still reject crypto because they don't have solution to keep their currency safe, bitcoin can become nightmare into currency value. They only need see more deeper, you can reject bitcoin but please adopt blockchain technology it will solve your speed network problem.

It is not that Germany is going to bring good change into crypto market rather the efforts of bitcoin and few altcoins made Germany realized that how much positive impact these can have on its economy and future. If Germany is doing it before many other countries, then obviously it will be having more economical stability and power in the future. And like you said, it will encourage others to invest too. Rejecting bitcoin is like rejecting peace.