Post
Topic
Board Bitcoin Discussion
Re: Russia legalizing Bitcoin and cryptos but not allowed as payment method?
by
audaciousbeing
on 26/07/2020, 19:01:43 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?

Every country will do what they believe it's best for their country and economy at the same time not left behind in what is term the technology of the future. Policies change, laws are repealed and new laws are made to reflect current happenings which is why I am not perturbed because it's a process to full adoption. Now is recognition and it's still a win from where crypto is coming from for the past ten years.