Post
Topic
Board Bitcoin Discussion
Re: Russia legalizing Bitcoin and cryptos but not allowed as payment method?
by
usekevin
on 24/07/2020, 16:16:30 UTC
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?

Legalisation is different and accepting as one of payment is different. Because legalising is to monitor the flow of virtual currency in their through the taxation method. But we can't be sure it will be accurately match and all the people who inverse in crypto currency will pay the tax for the trading and investment of their money. Accepting as a payment is the last step of this process. Once the law made, the people who do business accepted it as a payment option.