Quote from: Henrobakkara on Today at 12:53:04 PM

Quote from: Hamaber on Today at 04:26:49 AM

Another great new in 2022 for the crypto users. I am telling it good because it is good than a full ban about which central bank was thinking.

There was a worry from the central ban who called for a ban on bitcoin in Russia in the previous month but on Tuesday in their announcement they along with the Russian government agreed to legalize and regulate the cryptocurrency as a currency for the country. On 18th Feb they will launch a draft for that step

It means that now this community will be increased much more and the crypto field will see more development and seeing this other countries will also accept crypto as their currency.

Their attempt of this step is to handle the usage of bitcoin and other coins in the country because they government do not want to ban it and central bank asked for a ban on it.

But for the transactions more than 600,000 rubles which is around $8000, there will be tax

https://www.coindesk.com/policy/2022/02/09/russia-to-license-crypto-exchanges-tax-large-transactions/

This doesn't mean they want to make it their currency but legalizing cryptocurrencies means it is no longer illegal to trade any cryptocurrency assets in Russia as against if it was banned. This is certainly good news for the space because as more world power countries legalize the trade of cryptocurrencies, this will bring more adoption from major sectors of the countries economy and will also influence other lower countries to see Cryptocurrencies on a positive note.

This is indeed positive news to us knowing that there is something huge backing it up and for its announcement for sure this contribute to the growth of bitcoin. And for what Russia did for sure other super power countries will seek their own legalization of bitcoin knowing that this could give them another income which can help their economy to boost up if they regulate it on their country.