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-billAny reactions so far guys?
A great decision I will say. ICO and crowdfunding are just scams and nothing else. If you have real caliber of starting a crypto related business then go for a usual public offer on stock exchange. These ico makers will never go for it because there is increased accountability on their money in that case which they are just not willing to provide. Most of the ICOs I have seen lately have altogether converted their business models into something which they never said in the white paper so all on all these ICOs make no sense at all. Unless you want tons of get rich quick schemes. Moreover expressly no country would say that you could use bitcoin as payment method. Because this will pose some serious issues to their legal tenders. It's good that they have legalized trading as atleast traders could get advantage of Bitcoin's price moves.