Quote from: OmegaStarScream on April 11, 2017, 05:41:05 PM

Only a year ago Russias Finance Ministry was threatening jail time to anyone using digital currencies.

In a major U-turn, its now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering.

The authorities hope to recognize bitcoin and other cryptocurrencies in 2018 as they seek to enforce rules against illegal transfers, Deputy Finance Minister Alexey Moiseev said in an interview. The central bank is developing a joint position together with the government on digital currencies, according to its press service.

https://www.bloomberg.com/news/articles/2017-04-10/russia-caves-in-on-bitcoin-to-open-new-front-on-money-laundering

I'm not sure If I should be happy or sad since they are planning to Legalize bitcoin but in the same time, tracking transactions. I'm not entirely sure on how they plan to do it though and how It could be possible unless they are planning to run their own exchanges. I believe that Russians will need TumbleBit whenever this will happen.

Jesus christ.

I read the first part of the title and I'm like yays for bitcoin! Finally getting recognised all over the world, Japan, Russia, etc.

And then I read the second part... Track every transaction???

I'd rather have them stay away from bitcoin than them regulating and approving bitcoin to be used, honestly. Because the more they try to ban bitcoin, the more people are going to realise bitcoin is the way to go.

But if they want to legalize it, then why should they track every transaction?

Just another reason to immigrate out of Russia, they must be up down there.

Quote from: QuestionAuthority on April 12, 2017, 12:05:28 AM

They want to use Bitcoin to stop illicit money from flowing out of Russia? Isn't that like using a strainer to hold flour? LOL

Hahahahha you made my day