Post
Topic
Board Legal
Re: BitCoin - Where is it illegal ?
by
Mantisa83
on 20/12/2017, 17:51:43 UTC
Are you sure that Bitcoin is actually illegal in Russia currently? According to that Wikipedia list, it's not.
Here's a list of the legality of Bitcoin per country, but I don't know how up to date it is.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

Wikipedia is always up to date and I believe it's a fact. I also think that Russia doesn't really make bitcoin illegal but they only just regulate bitcoin to avoid money laundering. That was the last update I'm read somewhere here I guess. And so I think this site is legit, so you can exactly see it here. Also let's just hope bitcoins illegality will soon get revoke on some countries in the world. And don't loose hope if this currency, bitcoin, is illegal at your nation, they will soon accept it, believe me!

You people really don't get it as far as Russia is concern. Russia under Putin will not make bitcoin and any crypto legal because they are afraid that when the time comes, bitcoin will ruin their economy because bitcoin is decentralized and can't be control. This is the same instance of China and Russia is also doing the same. They already have their own government back cryptorubbles. And you need to take everything with a grain of salt the news coming from them regarding crypto's because they always contradicts themselves. That alone means that they are not bitcoin friendly. They are just riding on the popularity of it. And as for their own crypto's it won't be successful because of the high taxes that they are imposing. Imagine a ordinary citizens buying it but with a 12% tax?
Unfortunately, I agree with you. The Russian president and the authorities will not allow the free purchase and sale of crypto currency. Bitcoin will be taxed.