Another crypto ban again?

[Novatech8]

Is it true that Russia wants to ban crypto? I read on news now that Russia bans cryptocurrency payments and their gov wants all Russian crypto owners to be identified, what is the real reason why Russia becided to make this move? full news below

https://www-ibtimes-com.cdn.ampproject.org/v/s/www.ibtimes.com/russia-bans-cryptocurrency-payments-wants-all-russian-crypto-owners-identified-2926298?amp_js_v=a2&amp_gsa=1&amp=1&usqp=mq331AQFKAGwASA%3D#aoh=15849243716286&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.ibtimes.com%2Frussia-bans-cryptocurrency-payments-wants-all-russian-crypto-owners-identified-2926298

[btcltcdigger]

Is it true that Russia wants to ban crypto? I read on news now that Russia bans cryptocurrency payments and their gov wants all Russian crypto owners to be identified, what is the real reason why Russia becided to make this move? full news below

https://www-ibtimes-com.cdn.ampproject.org/v/s/www.ibtimes.com/russia-bans-cryptocurrency-payments-wants-all-russian-crypto-owners-identified-2926298?amp_js_v=a2&amp_gsa=1&amp=1&usqp=mq331AQFKAGwASA%3D#aoh=15849243716286&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.ibtimes.com%2Frussia-bans-cryptocurrency-payments-wants-all-russian-crypto-owners-identified-2926298

Can't say if it's true or not, but i wouldn't be surprised.
Russia is totalitarian, meaning any crypto privacy is considered illegal by them.
Maybe some of our russian friends can confirm?

[Kvalentine]

Any crypto fan from Russia on here to at least confirm if this is true or not? I will only believe this is bigger websites spread the news too for now it might be another fake news

[ukon]

But cointelegraph has not written about this about the banning of crypto in Russia, well we need clear information related to that because users in this forum are also many Russians who are active here, maybe in the next few comments there will be Russians knowing about this.

[aemma]

Is it true that Russia wants to ban crypto? I read on news now that Russia bans cryptocurrency payments and their gov wants all Russian crypto owners to be identified, what is the real reason why Russia becided to make this move? full news below

https://www-ibtimes-com.cdn.ampproject.org/v/s/www.ibtimes.com/russia-bans-cryptocurrency-payments-wants-all-russian-crypto-owners-identified-2926298?amp_js_v=a2&amp_gsa=1&amp=1&usqp=mq331AQFKAGwASA%3D#aoh=15849243716286&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.ibtimes.com%2Frussia-bans-cryptocurrency-payments-wants-all-russian-crypto-owners-identified-2926298

"Identified" that is to say, let go of privacy and anonymity. Well, if this is true then it's coming at a wrong time owing to the current nature of the market as well as the world now as it will only generate more panic. However, since prominent websites are yet to post anything on it, I will only but keep my fingers crossed while hoping for the best and sooner than later we will know the truth. Lastly, in all, it will not stop the crypto space from growing.

[SaidNurs]

Maybe this is the policy of the government, where the current situation is still in an unstable economic condition. the policy was taken as possible to protect the country's economic system. That way it might be an alternative so that the economy remains stable and I don't think it will last long

[X-ray]

Any crypto fan from Russia on here to at least confirm if this is true or not? I will only believe this is bigger websites spread the news too for now it might be another fake news

If you are looking for the answer and this article may give you the best answer for what rusia is banning crypto again
https://www.livebitcoinnews.com/russia-looks-to-ban-crypto-this-coming-spring/

They are also worrying about this pandemic and the volatility of crypto. I think that makes sense. We will see that in the coming days whether this country will surely ban crypto or not.

[Slow death]

Is it true that Russia wants to ban crypto?

I looked it up on some news sites and it’s strange that I didn’t find anything, which means it must be something that’s not confirmed and see that bitcoin related news sites love to publish rumors, but this time there’s no news about russia planning ban bitcoin

Any crypto fan from Russia on here to at least confirm if this is true or not? I will only believe this is bigger websites spread the news too for now it might be another fake news

If you are looking for the answer and this article may give you the best answer for what rusia is banning crypto again
https://www.livebitcoinnews.com/russia-looks-to-ban-crypto-this-coming-spring/

They are also worrying about this pandemic and the volatility of crypto. I think that makes sense. We will see that in the coming days whether this country will surely ban crypto or not.

I believe the original source is this: https://www.interfax.ru/interview/699260

[Thomas-s]

I already heard about this. if Russia will ban cryptocurrencies then this will be very bad news because the Russian community is very large and many people own a large amount of cryptocurrency. But I think that goverment will forget about this idea.

[istiak2277]

I think we should check some more reputable news sources first. Some days ago some people saying that Italy is going to adopt cryptocurrency for the coronavirus effect. Maybe what you are saying is true I don't know for sure. But as long as we can not find any reputable news source link we should not believe such news. I will consider it as false news as long as I can not find a trustable new site link.

[tabas]

This must be clarified from someone who's living in Russia and is following the crypto trend there. We can rely somehow from different sources like cointelegraph as they have reported it too.
But it's much better to know if someone residing on that country can give us an insight.

[matchi2011]

This must be clarified from someone who's living in Russia and is following the crypto trend there. We can rely somehow from different sources like cointelegraph as they have reported it too.
But it's much better to know if someone residing on that country can give us an insight.

If someone from Russia who can clarify and bring information about this matter then it will be informative to everyone who wanted to get
concrete evidence with this so called banning from this country.
Insight who experience this banning first hand will clear everything up.

[Ryker1]

Well, if you are going to search google there are some articles writing about banning cryptocurrency in Russia. Just an example of this online article.

"We believe there are big risks of legalizing the operations with the cryptocurrencies, from the standpoint of financial stability, money laundering prevention and consumer protection," Russia's central bank head of legal, Alexey Guznov, told.

Indeed, that is bad news but people there should follow the rules implemented by their government. The reason perhaps just because the numbers of cybercrime cases was increased include money laundering.

[avikz]

Is it true that Russia wants to ban crypto? I read on news now that Russia bans cryptocurrency payments and their gov wants all Russian crypto owners to be identified, what is the real reason why Russia becided to make this move? full news below

https://www-ibtimes-com.cdn.ampproject.org/v/s/www.ibtimes.com/russia-bans-cryptocurrency-payments-wants-all-russian-crypto-owners-identified-2926298?amp_js_v=a2&amp_gsa=1&amp=1&usqp=mq331AQFKAGwASA%3D#aoh=15849243716286&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.ibtimes.com%2Frussia-bans-cryptocurrency-payments-wants-all-russian-crypto-owners-identified-2926298

Russia is a communist country which runs on dictatorship. Their situation is somewhat similar to China where everything is government controlled. So I personally wouldn't be surprised if Russia suddenly decides to impose ban on cryptos.

The current legal status of cryptos is very confusing in Russia where mining is considered as entrepreneurial activity but banks are not allowed to serve crypto related businesses. So the incoming blanket ban wouldn't worsen the situation further.

[crwth]

This is the most reliable site that I could search and I think is legitimate.

https://www.forbes.com/sites/billybambrough/2020/03/21/blow-to-bitcoin-as-russia-moves-to-effectively-ban-crypto/#5e8981445c63

At least at some point, they understand that they cannot completely ban cryptocurrency being owned by people and neither they could punish them as stated in the article. We will see these effects in the coming days or maybe when the news gets more exposure.

[cytpoway121]

I do not know if it is true about the russian news or not, but i do know that the world is focusing all its strenght to recovering from the pandemic, and healing the world and victims too.

So i doubt if any nation would actually have spare or extra time to discuss bitcoin nor crypto currency. At this point it is safe to avoid fud and not panic for any reason.
We are already staying safe indoors, don't add crypto panic to it.

Stay safe, and do your own research.

[Gudubobo]

All these ban news isn't good for crypto at all. We need government approval on cryptocurrency not bans. I just hope this news isn't true. Russians in crypto will really find it hard to assimilate especially at this time the world is in a great crisis. It will be another devastation for them.

[pixie85]

Read about their central bank that stated they cannot ban crypto because it's impossible.

The only thing they want to do is ban financial institutions from providing exchange services. A similar ban is functioning in China and people are still mining and transacting in private there. This ban doesnt change much for crypto and for crypto holders in Russia. They will still be able to use exchanges and exchange BTC to foreign currencies.

[CryptoVzla]

haha, i dont think that russian people will stop using crypto because according to data, russian is the most popular country that using bitcoin or any altcoin for their services or illegal services, and to be honest.. popular crypto telegram scammers is from russian which they have 1001 way to scam people in telegram.

even they gov ask for identification, that cant stop russian people from using bitcoin or other altcoin

[DU18]

I do not know if it is true about the russian news or not, but i do know that the world is focusing all its strenght to recovering from the pandemic, and healing the world and victims too.

So i doubt if any nation would actually have spare or extra time to discuss bitcoin nor crypto currency. At this point it is safe to avoid fud and not panic for any reason.
We are already staying safe indoors, don't add crypto panic to it.

Stay safe, and do your own research.

From some articles I read, it seems that Russia does not completely prohibit the circulation of cryptocurrency in their countries, but Russia is currently launching a special regulation called offshore Russia and it is a tax regulation that also includes cryptocurrency for Russian citizens and I think it is a not form a ban on Russian citizens to be able to have cryptocurrency as their asset.
But indeed now is not the right time for a country to discuss cryptocurrency because there are more important things to be resolved immediately as the spread and impact of the outbreak of virus covid-19 have expanded, and we can see in Italy today,  thousands of victims have died, and in fact, almost tens of thousands are infected and it is truly terrible...!!