More Regulation Incoming!

[zasad@]

@zasad@. It appears that the shadow market brokerage business will be very much growing in Russia on 2027 and many more years hehehe. In Thailand, there was a news update that there will be 0% capital gains tax and also, I reckon that they will not be strict on the limits on how much cryptocoin each investor can buy.

This is headshaking for the people in Russia because it very much appears that this is more about the control of outflow from the Russian ruble and less on the tax revenue collected.

I wrote earlier that Moscow is now one of the major centers of shadow brokerage services. If you're not a scammer, you can easily exchange millions of dollars for cryptocurrency and back without documents and registrations

Any zero tax is a tax trap: today you declare cryptocurrency, and in three years the rules will change.
Look at the practice in Europe, many countries also had zero tax, but now they have very high taxes, and people who declared their assets are now thinking about how to avoid high taxes.

[bbc.reporter]

@zasad@. It appears that similar to the different occurrences that involved the government, this 0 tax appears to be a trick for the cryptocoin traders to expose themselves and make their names known to the government heheehh. They want everyone to get out of the shadow market before imposing their strict rules and mark these people because they can be a danger to society heheheh.

[zasad@]

@zasad@. It appears that similar to the different occurrences that involved the government, this 0 tax appears to be a trick for the cryptocoin traders to expose themselves and make their names known to the government heheehh. They want everyone to get out of the shadow market before imposing their strict rules and mark these people because they can be a danger to society heheheh.

In some countries, people trust their government, but in my country, people haven't trusted the government for a long time. That's why there are so many shadow cryptocurrency exchange brokerage centers in Russia, and no law will change that. It's bad that scammers are exploiting this, but the market will be driven by supply and demand, not by law.

[Z-tight]

That's why there are so many shadow cryptocurrency exchange brokerage centers in Russia, and no law will change that.

You would expect the Russian government to crack down on these shadow cryptocurrency exchange services, now that Russia has approved a crypto regulatory framework for the country, set to take effect from September 1, 2026. CASP's are required to have Central Bank licences by July 1, 2027.

So, my point is, if the government do not go after these shadow (illegal) services, then the regulation would mean little to nothing in the grand scheme of things, no?

[bbc.reporter]

@zasad@. It appears that similar to the different occurrences that involved the government, this 0 tax appears to be a trick for the cryptocoin traders to expose themselves and make their names known to the government heheehh. They want everyone to get out of the shadow market before imposing their strict rules and mark these people because they can be a danger to society heheheh.

In some countries, people trust their government, but in my country, people haven't trusted the government for a long time. That's why there are so many shadow cryptocurrency exchange brokerage centers in Russia, and no law will change that. It's bad that scammers are exploiting this, but the market will be driven by supply and demand, not by law.

If the people behind the government will do their jobs properly and really serve their people, yes more people will have trust in this government. I reckon the governments in Finland or Switzerland might have very high trust ratings if we compare this to governments of 3rd world countries.

On shadow markets, agreed. If the government of Thailand can maintain this 0 capital tax gains and encourage the cryptospace to grow in their jurisdiction, shadow market brokerages cannot compete against the legal businesses.

[zasad@]

That's why there are so many shadow cryptocurrency exchange brokerage centers in Russia, and no law will change that.

You would expect the Russian government to crack down on these shadow cryptocurrency exchange services, now that Russia has approved a crypto regulatory framework for the country, set to take effect from September 1, 2026. CASP's are required to have Central Bank licences by July 1, 2027.

So, my point is, if the government do not go after these shadow (illegal) services, then the regulation would mean little to nothing in the grand scheme of things, no?

The government has no interest in small crypto traders who buy and sell cryptocurrencies for profit, and there are approximately 20 million such people in Russia, according to statistics, which is slightly less than one-seventh of the country's population.

The government wants to prevent fraudsters from siphoning money out of the country using cryptocurrency and to prevent cryptocurrency from becoming a way for large businesses to withdraw money from the country, as this causes significant damage to the economy.

@zasad@. It appears that similar to the different occurrences that involved the government, this 0 tax appears to be a trick for the cryptocoin traders to expose themselves and make their names known to the government heheehh. They want everyone to get out of the shadow market before imposing their strict rules and mark these people because they can be a danger to society heheheh.

In some countries, people trust their government, but in my country, people haven't trusted the government for a long time. That's why there are so many shadow cryptocurrency exchange brokerage centers in Russia, and no law will change that. It's bad that scammers are exploiting this, but the market will be driven by supply and demand, not by law.

If the people behind the government will do their jobs properly and really serve their people, yes more people will have trust in this government. I reckon the governments in Finland or Switzerland might have very high trust ratings if we compare this to governments of 3rd world countries.

On shadow markets, agreed. If the government of Thailand can maintain this 0 capital tax gains and encourage the cryptospace to grow in their jurisdiction, shadow market brokerages cannot compete against the legal businesses.

There's an age-old dilemma between the interests of the people and the interests of the state..

There are hundreds of exchangers in Thailand, run by Russians. If I need to, I can exchange cryptocurrency in Thailand without any paperwork or documents.
https://www.bestchange.ru/tether-trc20-to-cash-thb-in-ptty.html

[bbc.reporter]

@zasad@. On not needing paperwork or documents to exchange your cryptocoins into stablecoins or fiat, it appears that in those places the cryptospace is really working similar to what it was pictured to become from the many years before the corruption of this by traditional finance hehehe.

In any case, it appears that the importance of this for many people is to not give their real identity to the broker. The cryptospace makes this easier to do with money on the internet.

[zasad@]

@zasad@. On not needing paperwork or documents to exchange your cryptocoins into stablecoins or fiat, it appears that in those places the cryptospace is really working similar to what it was pictured to become from the many years before the corruption of this by traditional finance hehehe.

In any case, it appears that the importance of this for many people is to not give their real identity to the broker. The cryptospace makes this easier to do with money on the internet.

I exchange money at a Russian exchange office. If you're wondering, any exchange office will check my identity and ask where my money came from. Even illegal ones won't work with scammers because they know it won't end well for them.
Two major operations have recently taken place in Moscow, shutting down exchange offices that were working with scammers, and the police seized a large sum of money.

Those involved in these crimes face up to 10 years in prison. And they won't be able to claim they didn't know they were working with scammers because they were exchanging millions of dollars a day.

[bbc.reporter]

@zasad@. However, your Russian exchange office is not part of the shadow market because it is a registered business that cooperates with the government.

In any case, it appears the cryptospace lost another chance to have a more favorable occurrence hehehe. This makes it appear that the government is beginning to avoid crypto.



The U.S. Securities and Exchange Commission was on the verge of revealing its first major rulemaking effort in the digital assets sphere, having been set to propose its "Regulation Crypto," but the agency cancelled the Friday meeting in an end-of-day statement on Thursday.

"Due to an unforeseen scheduling issue," the SEC is moving the meeting to "a later date," according to a statement from an agency spokesperson.

In the absence of progress in the Senate's Digital Asset Market Clarity Act, the legislation that would establish a legal foundation for crypto market activity in the U.S., the industry had looked to the SEC to pick up the baton. The so-called Reg Crypto is expected to open a limited framework for issuing crypto securities without triggering agency registration requirements, and also to be able to later transition out of management of the project and, as a result, out of the SEC's regulatory radar.

The sector will instead have to sit back again and see which branch of the government delivers first: SEC or Congress.

Read in full https://www.coindesk.com/policy/2026/08/13/sec-cancels-long-awaited-proposal-of-reg-crypto-postponing-meeting-without-new-date

[zasad@]

@zasad@. However, your Russian exchange office is not part of the shadow market because it is a registered business that cooperates with the government.

In any case, it appears the cryptospace lost another chance to have a more favorable occurrence hehehe. This makes it appear that the government is beginning to avoid crypto.

If you're talking about registration, then without registering as an entrepreneur or LLC, it's impossible to rent an office in a shopping center or business center.

If you're talking about reporting on each transaction, that's a completely different matter. Exchangers don't submit reports because they themselves violate many rules.