Crypto Now Legal In Russia - Although With Restrictions

[m7md 0]

The formal introduction of the cryptocurrency into the economies of the countries leads to a significant increase in the growth of the economies, in addition to the fact that the field of cryptocurrencies provides many job opportunities for many people 

[Orbis 0]

Thats a good news although its not allowed inside you could still easily find another way to do so as you can do whatever you want as usual its just withdrawing  your profits will be little bit harder since you cannot directly get it on russia.

[karam_s 412]

Well, in fact, this is great news, of course. This increases the strength of the currency and will increase circulation and spread, and in the hope that all digital currencies will become legal and it is official to deal with them. This will definitely increase the spread of currencies and make trading in them easier.

 

[Ameralsamt 2558]

Yes, my friend of course this is very good, encryption and cryptocurrencies are on their way to international fame, indeed many countries and the world community are beginning to accept encryption but within certain limits, and PayPal has officially adopted bitcoin and that's great. 

[koynayak 1923]

Perfect news for crypto, i think russia will be a great place for crypto's. As we all know crypto is becaming more famous every year and every country needs to legalize crypto. Otherwise they'll never catch the oppourtunity. Sooner they legalize crypto it's better, Every big companies start to create their own crypto project and every smart country needs to do the same.

[Sairaranjha 674]

That is really a great news that crypto is legal in Russia .many countries accept crypto its mean crypto become popular day by day.Thank you so much for sharing this wonderful information.

[Samotokika 1780]

On 8/1/2020 at 3:31 PM, BTC Future said:

RIA Novosti (Ria.ru), a major online news agency, reported yesterday that the president of the Russian Federation, Vladimir Putin, has signed a bill concerning the regulation of cryptocurrencies in the country.

 

The new law on cryptocurrencies prohibits the use of cryptocurrencies as a means of payments inside Russia starting from 2021.

Still, it will allow trading and owning cryptocurrencies and recognizes them as digital assets, giving Cryptocurrencies a legal status.

 

All Russian financial entities as Banks and Exchanges will be able to conduct trading of cryptocurrencies although they will be required to apply for these activities in the Russian Central Bank registry. The law recognizes ownership of cryptocurrencies, but only if these crypto have been declared by the owner. Courts will be able to rule concerning transactions only in the case these cryptocurrencies have been declared by their owner.

 

The law does not cover mining in Russia, which is something still under discussion and will be determined following a new law that is expected to be proposed during this Autumn.

 

While this law is promising as it recognized the legal status of cryptocurrencies as assets, still the ban as a method of payments is a major drawback.

 

Source:

https://ria.ru/20200731/1575229960.html

https://cryptopotato.com/putin-outlaws-crypto-as-a-payment-means-in-russia/

 

It is really good to hear that cryptocurrencies are becoming widely important in all over the world like the Russia is also accepting it and making it legal.hope soo that other countries will also take this initiative so more people are able to use cryptocurrencies.

[abdullah553 1981]

On 8/1/2020 at 12:31 PM, BTC Future said:

RIA Novosti (Ria.ru), a major online news agency, reported yesterday that the president of the Russian Federation, Vladimir Putin, has signed a bill concerning the regulation of cryptocurrencies in the country.

 

The new law on cryptocurrencies prohibits the use of cryptocurrencies as a means of payments inside Russia starting from 2021.

Still, it will allow trading and owning cryptocurrencies and recognizes them as digital assets, giving Cryptocurrencies a legal status.

 

All Russian financial entities as Banks and Exchanges will be able to conduct trading of cryptocurrencies although they will be required to apply for these activities in the Russian Central Bank registry. The law recognizes ownership of cryptocurrencies, but only if these crypto have been declared by the owner. Courts will be able to rule concerning transactions only in the case these cryptocurrencies have been declared by their owner.

 

The law does not cover mining in Russia, which is something still under discussion and will be determined following a new law that is expected to be proposed during this Autumn.

 

While this law is promising as it recognized the legal status of cryptocurrencies as assets, still the ban as a method of payments is a major drawback.

 

Source:

https://ria.ru/20200731/1575229960.html

https://cryptopotato.com/putin-outlaws-crypto-as-a-payment-means-in-russia/

 

I think that the weak economy of Russia prompted it to adopt encryption more quickly in order to win new investors in the field and work in its country

[Lokeloke 576]

If it is granted with restrictions then it's still not a legal tender, legal tender has no restrictions and that's why it can be used anywhere in the country, but I must give accolades to the Russian government for adopting the change coming with the future ASAP

[Jhujhu 62]

I have no basis for any restrictions on cryptocurrency mining in Russia, which is still under discussion that will set a new rule governing investors.  Here you can make money in a short time if you post well with your mind.

[RoyalHouse01 9]

It is good that the cryptocurrency is now getting more and more value and acceptance the Russia has done very brave and good action with the decision.

[godislovefll 1880]

It is very strange that they appraise them but they don't appraise the free purchase of these, but for something serious, but in the same way it is something good for those who want them to
 cryptocurrencies are accepted around the world as a means of payment both to buy and for employee payments, you just have to keep waiting for that day to arrive.

[Ahmdoof 59]

I believe that Russian fiscal policy is based on buying cryptocurrencies against the Russian ruble. This will positively affect the exchange rate of the national currency for them. You can only use the cryptocurrency if you convert it into rubles.

[Jack764 1841]

The laws issued by countries in favor of the field of transportation is a very useful matter, so the people who work are very comfortable and there is no one who will hold them accountable. 

[yulitzacalvete 1366]

That decision may change because every day we see that cryptocurrencies are accepted without any conditions whatsoever, which makes things change in Russia and thus the bearers of these can buy their country without so many limitations so we just have to wait for this to happen.

[abd1992 960]

On 8/1/2020 at 1:31 PM, BTC Future said:

RIA Novosti (Ria.ru), a major online news agency, reported yesterday that the president of the Russian Federation, Vladimir Putin, has signed a bill concerning the regulation of cryptocurrencies in the country.

 

The new law on cryptocurrencies prohibits the use of cryptocurrencies as a means of payments inside Russia starting from 2021.

Still, it will allow trading and owning cryptocurrencies and recognizes them as digital assets, giving Cryptocurrencies a legal status.

 

All Russian financial entities as Banks and Exchanges will be able to conduct trading of cryptocurrencies although they will be required to apply for these activities in the Russian Central Bank registry. The law recognizes ownership of cryptocurrencies, but only if these crypto have been declared by the owner. Courts will be able to rule concerning transactions only in the case these cryptocurrencies have been declared by their owner.

 

The law does not cover mining in Russia, which is something still under discussion and will be determined following a new law that is expected to be proposed during this Autumn.

 

While this law is promising as it recognized the legal status of cryptocurrencies as assets, still the ban as a method of payments is a major drawback.

 

Source:

https://ria.ru/20200731/1575229960.html

https://cryptopotato.com/putin-outlaws-crypto-as-a-payment-means-in-russia/

 

Russia is really trying to be the first in the world of encryption and for encryption to be legal in it that the matter is actually being used a lot during the last period

[Ihtsham 68]

Well it is a good news for Russians as they will be able to learn and earn from this. Legalization of the crypto will provide them the opportunities for trading. And it is as good for crypto that it has get attached by one more country. 

[Nersreem 279]

Russia is a very advance country and in support of cryptocurrency activities. And this forum is among the support that russia have brought to cryptoworld. 

[MoralStories 1127]

even there are some restrictions on the cryptocurrency but still when it is now legalized in Russia that means there would be a lot more in the field of cryptocurrency

[Dissy sb 945]

Yes my friend I want to tell you that that Crypto illegal in the Russia but I want to tell you that not in the whole Russia in the some countries the Crypto is legal and if you belong to Russia first of all you should to search about this