Post
Topic
Board Legal
Re: Russia will regulate cryptourrencies
by
iram1011
on 09/11/2017, 06:03:34 UTC
Putin used to keep everything under control. Russian even an opinion can not Express freely. You think he might allow free circulation of cryptocurrency? Lol. I'm sure he will ban all cryptocurrencies except the one which is created by Russian. I will never use it. I would not be surprised if along with the code of the wallet to the computer is installed some kind of spyware. I don't believe the Russians and their currency.

I'm with you here. Russia specially with Putin still at the helm and total control of everything, won't simply allow crypto's to flow on their country for the simple reason that its decentralized. So that take everything with a grain of salt the word coming from their government. You can't really trust them because its like they are just talking to look like they are friendly to cryptocurrencies. But beware they are not in my opinion.
I think that now the FSB gathers information about all users of the cryptocurrency. I have a friend living in Russia and he said the police and the FSB identified the arrested miners and their equipment. The courts give them the fines are impossible to pay. Traders of the cryptocurrency accused of occupation currency transactions without a license. Who will give the license if bitcoin is not recognized currency?
I believe Russia has always been confused when it comes to cryptocurrencies. First they banned it, then removed it, a biggest mining farm was supposed to open, then a news of ban again and now a news of regulations.

I think whatever happens in Russia regarding Bitcoin or cryptos won't be effecting the market much as I believe Russia still doesn't have much bitcoin investors or crypto community is large enough there. Russia isn't a big market for cryptos and whatever government is doing should hardly be any of market's interest.

Right now the main focus is Asian market including Japan, South Korea, India and China along with USA and some part of Europe.