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Crypto Now Legal In Russia - Although With Restrictions

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Cryptocurrency continues to grow throughout the world including Russia, although it prohibits payments using cryptocurrency, but in my opinion, legally cryptocurrency is quite a lot, because it is impossible for a country to allow other currencies to transact using other currencies. Cryptocurrency is recognized as a digital asset and investment is more than enough.

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This is good news for the crypto world, Russia is one country that has quite a lot of cryptocurrency users. The rules prohibiting the use of cryptocurrency as a means of payment are quite disappointing for us, as we can only trade and invest as assets. But we have to accept all the decisions and rules, I think this will make bitcoin value even more.

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Russia is a great and very strong country and they make great decision that they make legal the crypto market because the crypto amrket future is bright and it is going to be high so much becasue soon it is going to be legal in all over the world and this is the new currency of al the world.


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This is truly amazing news for those that are in Russia, and if i am not mistaken, even this forum is based in Russia. To be honest, i think that many governments are now being open to the idea of crypto and passing laws to regulate it as it is a way that governments can also benefit from the crypt world and its users, which is very important for financial and economic growth in all countries. I hope that this continues to take place in the future with more countries as it  has in Russia. 

 

I am curious though as to why there is no mining that was allowed in the laws and bills that have been passed in Russia. Why do you think this is so?

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Russian are really ahead when it comes to use of cryptocurrency and am sure the government wilm take a look at this law and do something good about it. Although it's a good news for cryptocurrency traders and lovers because they are eligible to make their trade but prohibited to make a purchase with it by 2021. Am sure it will affect most of them for now but they will eventually get use to it.

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If the use of cryptocurrencies is prohibited but only trading and under strict regulations is allowed I don't think it is a very good first step then. It is mostly about reducing concerns from the voices that were against cryptocurrencies and does not help a lot with adoption.

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Alright. Next step is removing the barriers and allow cryptocurrencies to be used as they were supposed to. Hopefully miner incentives too and make Russia a powerhouse in Bitcoin mining, competitor to China and add some Billions of USD to the GDP.

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It is great news for Bitcoin and digital currencies in the country of Russia because now you can work and trade on cryptocurrencies naturally, and this is a wonderful decision and in favor of Crypto, as we wish more other countries to do the same step Russia so that everyone can use this field without fear

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This brings regulation clarity in Russia and helps the government and crypto projects operate under legal terms, but also not allows the use of crypto instead of the national money and it restricts it, making only usable as an investment. I think that for Bitcoin it will not make a lot of difference but maybe will not help other crypto.

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It is a grate moment for Russia to allow now crypto in the country. It is one of the best moment that gives to Bitcoin the legalize it deserve and it is respect the Bitcoin as an asset and the crypto as assets for investment. I am hope that there will be more and reduce the strict and make it allowed and remove all restrictions.

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This is an interesting model, since it legalizes but does not approve some activities of cryptocurrencies, it is a type of strap or limiter, basically they allow savings in cryptos but they do not allow you to pay directly with them for any service, it is a measure to stimulate its economy  with btc transactions, etc.

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I think that there will be some more changes as I've read that there will be increased amounts of crypto holdings needed to be declared in close to $10,000 and also persecution of not declared funds in Russia.

Last news I ahve read are this:

https://cryptopotato.com/russia-seeks-imprisonment-for-undeclared-bitcoin-and-cryptocurrency-transactions/

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Russia is restricting the use because the government want to support the fiat currency, but as all fiat it is another example of how this kind of money is not good for holding. I think that Russia takes good steps to bring adoption slowly and hopefully there will be better terms later as the cryptocurrency useage will keep increasing.

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That is good news, allowing cryptocurrency in your country would be the best idea to do because it will benefit a lot of people but we should expect that it would take so much time before it happens, I am so grateful t hear hat itis already good in Russia but of course with restriction, it should be 100 good the way we used it in the crypto world. 

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Restrictions are a must, you see even if crypto is good and all, crypto is also one of the most dangerous inventions the world has ever seen, it has the power to turn this world into a west world.

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My friend, this decision inside Russia is excellent despite the restrictions in place, but the restriction in question is also good because if the deal is like a payment inside the country in cryptocurrencies, it will cancel the national currency, but now Russia has developed its economy in a great and great way, and I hope that this matter will be transmitted to all countries around the world Thank you

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It is amazing to hear that countries like Russia have started to adopt cryptocurrencies as a medium of exchange. but what worries me is the control and authority they take over these cryptocurrencies by and forcing restrictions on them. In my opinion cryptocurrencies should not be under any control and it should be a free currency for the users.

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I cannot believe such news because Bitcoin is a currency of unknown origin and establishment, so it is difficult to trust Bitcoin from major countries, especially because it is considered a big decision and may cause a lot of uproar in the world, especially since Bitcoin is not subject to the laws of the global stock exchange in addition to the laws that allow countries to increase printed money

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It is important to get news like this about cryptocurrency. And when we see Russia adopting cryptocurrency for their system is good for Russian users and also for all cryptocurrency users. Because is possible the idea of adoption will expand to many others countries around the world. 

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Attend the adoption of cryptocurrencies as a method of payment. This is another matter. The local currency must be adopted in order to avoid inflation or the deterioration of the country's economy. And since she agreed to trade and own the encrypted parameters, this is normal. She cannot force you to pay a tax or something like that.


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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Really good to hear that cryptocurrency will be legal on Russia. Maybe this caused the influx of Russian members here in the forum. We should expect that a lot more Russian will be joining the forum and maybe there will be more activities on the Russian section.

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Perhaps this step will be a driver for the rise in the prices of cryptocurrencies in the future and an important indicator for decisions that may be taken in the future, such as official currency in the world. This is really wonderful.

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I don't there was any restrictions base on mining of cryptos in russia, which is still under discussion which will determine a new rule That will be govern the investors.

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There is no problem in having some restrictions because every country to wants to personalize something's in this new system. But overall adoption of cryptocurrency by such a big economic nation of world is a great sign.

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Nevertheless it's a great news to the fact that it is considered officially as a legal currencies, assets in the country. Probably in future another powerful government that has full interest in developing the economic sector of that nation in the phase of crypto currency may amend the law and therefore enacting and implementing the law for crypto transactions.

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It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
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    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
    • Линн Мартин выразила оптимизм по поводу биткойн-ETF, подчеркнув их потенциал и ресурсы, которые они уже принесли на Уолл-стрит.  Мартин, президент группы Нью-Йоркской фондовой биржи, выразила этот оптимизм на конференции Consensus 2024, когда ее спросили о запуске ETF на биткойны ( BTC ) и о потенциале, который они несут для Уолл-стрит.  «Мы ведем переговоры с SEC уже более шести лет о биткойн-ETF», — сказал Мартин в интервью . «Я думаю, вы не можете спорить с успехом биткойн-ETF и ликвидностью, которую они принесли базовому рынку».  Финансовые руководители все больше интересуются криптовалютой, либо напрямую, либо через ETF , что привело к росту цен на рынке криптовалют. По словам Мартина, одобрение спотового биткойн-ETF в январе пробудило интерес традиционных инвесторов, принеся на рынок много ликвидности.  Крипто-объединение Вашингтона и Уолл-стрит В последнее время на криптовалютных рынках и на Уолл-стрит наблюдались сильные движения цен, и во многом это можно объяснить сильным притоком средств в ETF, зарегистрированные в США. Рыночная капитализация криптовалюты превысила 1 триллион долларов с момента одобрения биткойн-ETF.  Спотовый крипто-ETF напрямую отражает цену конкретной криптовалюты и стратегически распределяет средства портфеля в эту криптовалюту. Эти средства активно торгуются на публичных биржах и отражают эффективность конкретной криптовалюты. Как и другие фонды, крипто-ETF легко доступны на стандартных фондовых биржах, и инвесторы могут хранить их на своих брокерских счетах. Недавно был одобрен спотовый ETF Ethereum , предоставляющий инвесторам регулируемый и доступный способ получить доступ к Ethereum. Могут последовать и другие спотовые крипто-ETF . Комментарии Мартин прозвучали в период крипто-оптимизма в правительстве США. На прошлой неделе Палата представителей США приняла законопроект FIT21. Законопроект разъясняет, как SEC классифицирует криптовалюту, создавая термин «цифровой товар» для цифровых активов. Законопроект направлен на искоренение мошенничества, регулирование криптовалютных бирж и защиту потребителей, одновременно создавая стабильную среду для криптовалюты — по сути, он сообщает, что криптовалюта теперь является проблемой правительства. Недавно Дональд Трамп начал получать пожертвования на предвыборную кампанию в криптовалюте, сигнализируя о более широком охвате отрасли политиками.
    • ❗️Уважаемые клиенты, Вашему вниманию курсы на начало дня❗️ Желаем вам быстрых и выгодных обменов   TONCOIN→ СБЕРБАНК РУБ - Курс обмена: 1 TON = 547.7 RUB TONCOIN→ ТИНЬКОФФ РУБ- Курс обмена: 1 TON = 559.37 RUB TONCOIN→ КАРТА МИР РУБ -Курс обмена: 1 TON = 558.63 RUB TONCOIN→VISA/MASTERCARD RUB-Курс обмена: 1 TON = 541.69 RUB
    • Основатель Binance Чанпэн Чжао прибыл в федеральную тюрьму строгого режима в Ломпоке, штат Калифорния, отбывать наказание. Если вы переживаете на счет своих средств на платформе Binance, наш обменник криптовалюты saint.exchange может помочь с выводом!
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