Quote from: davis196 on July 24, 2020, 05:38:50 AM

Quote from: cheezcarls on July 24, 2020, 04:52:58 AM

Okay so months ago, we thought that they're all set to lay down the axe on Bitcoin and cryptocurrencies in Russia. But right now, lawmakers have passed a bill to legalize cryptocurrencies in their country.

However, there's one section of the bill states that Bitcoin cannot be used as payment method. They do legalize cryptocurrency trading though, but not sure when it comes to crowdfunding, ICOs, etc.

Source: https://cointelegraph.com/news/russian-lawmakers-finally-pass-countrys-major-crypto-bill

Any reactions so far guys?

I'm very cautious when it comes to cryptocurrency related news regarding Russia.Those news might be fake.
It this news is true,I get where they are going with not allowing crowdfunding and ICO.Most crypto crowdfunding projects and ICOs were scams,so banning such activities isn't a wrong move.
However,not allowing crypto payments for goods and services is kinda stupid.
Maybe the Russian legislators think that the non-reversible cryptocurrency transactions provide a "scammer-friendly" environment,where the customers will pay using crypto and get nothing in return.
Anyway,it would be nice,if cryptocurrencies get completely legalized in Russia.

I never take anything I read seriously unless it sounds like it makes sense and I can see it coming from different sources and people and then I like to see the counter-argument if there is one. You must look at it from all angles before you decide. They should allow crowdfunding and ICO. Is it our fault investors are too greedy and stupid to see a scam? You can only blame scammers up to a certain point. Not allowing crypto as a payment method just isn't going to work. How will they even enforce such a ridiculous law? I am very sure law enforcement has better things to do like look after the people from criminals and theft. It's not like the law hsa infinite time to just sit around. Their time is limited and wasting it on this sort of thing is counter productive. Would you rather your goverment focus on murder, theft abuse etc or they rather they messing around running after pointless crypto transactions?

"Maybe the Russian legislators think that the non-reversible cryptocurrency transactions provide a "scammer-friendly" environment"
What if it is the other way around?