Post
Topic
Board Bitcoin Discussion
Re: Crypto Ban: Russian Regulators do not want Legislators to Ban Crypto
by
RememberGod
on 11/06/2020, 19:46:25 UTC
Looking at how things are progressing with legislation in Russia, I noticed several things:

1) Speakers, whether it is a head of Central bank or some minister tend to change their views chaotically and dramatically
2) The law itself was about to go live since like 2017. But no law projects passed.
3) The last law project was particularly cruel, establishing almost total ban across the industry with imprisonment included if you stole a lot or EARNed a lot
4) Currently, the Ministry of Financial Development saying that the last law project is not profitable for the country.

This is all ridiculous and looks like half of the politics who spoke about crypto have a little understanding of what they are trying to control/legalize. It is difficult to say how this is going to progress, although the last news are kinda optimistic - many people though it is over and it is time to either go underground or move to neighboring countries to trade/mine.