Ninjastic
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Board Bitcoin Discussion
Re: Russia just made all crypto legit
by
VitKoyn
on 05/02/2018, 12:29:54 UTC
Quote from: baikur on February 05, 2018, 10:52:56 AM
Quote from: plr on February 05, 2018, 10:46:44 AM
Quote from: baikur on February 05, 2018, 10:36:48 AM
Russian central bank just legalized all cryptocurrencies. They will even make several citiea offshore zones where minnimg will be tax free
I consider this just to hype crypto if it is not backed by an official statement, post the link where you get that report and just don't rely on a buzz, we need reliable news so the price can get back to the right track.
https://news.bitcoin.com/bank-of-russia-allows-crypto-mining-proposes-miners-sell-their-coins-overseas/?utm_source=OneSignal+Push&utm_medium=notification&utm_campaign=Push+Notifications
What you said is russia legalized cryptocurrencies and allow mining without miners paying taxes, but in the article you provided it is stated that cryptocurrency miners still have to pay tax, and the central bank of russia wants to sell the mined coins overseas which can also means that they are not recognizing it fully legal in their country. But it is still a good news that they officially allows mining because russia is one of the best location to build a farm and mine cryptocurrency, given that they have cool weather and one of the country that can offer cheapest electricity.