Quote from: Vaculin on Today at 08:11:11 AM

Quote from: romero121 on February 10, 2022, 10:14:52 PM

Similar scenario is happening with China, India, Bangladesh and few more countries. Recently India through its heavy taxation gave sign of acceptance, but there is no official statement that cryptocurrencies were legal within the country. Russia that has been coming up with different opinions on bitcoin and blockchain have now reached a better position. When the official framework along with the do's and don'ts revealed we'll get to know what form of adoption Russia has planned.

I just hope that Russia will not be as selfish as China because if that happens, it will be another loss for that country, and the crypto market will eventually face another market correction. However, i can see that bitcoin will be a great asset for Russia and as Putin said, "Russia has a competitive advantage in crypto mining", and that made him think that crypto despite of its uncertainties and risks will be good enough for the country's progress.

In this point they are using their mind as they know if they will allow bitcoin then their citizens can earn a lot of money from mining. Any countru which will allow bitcoin and its mining will get profit to their country and prosperity will come.

Quote from: ETFbitcoin on Today at 09:31:46 AM

Quote from: buwaytress on February 10, 2022, 01:40:13 PM

Quote from: ETFbitcoin on February 10, 2022, 12:09:50 PM

Considering Russia household income per capita, IMO it's rather high.

It's high even in majority of the European Union, based on min wage values, so yeah, at face value, certainly doesn't seem unreasonable to tax such a high limit for the average Russian -- and if that's per exchange, nothing to stop people from using several exchanges to break amounts up.

Minimum wage isn't best indicator for comparison, but i agree it's relative high even on EU. They also could split it between family member.

Quote from: Kakmakr on February 10, 2022, 06:08:06 PM

Everyone that says Russia is not going to invade the Ukraine, must take note of this move ...because it is a backdoor that are being opened to evade strict sanctions when they actually go ahead with the invasion.

They could use Yuan to evade sanction though, especially when media recently report good relationship between China and Russia.

Your point has logic. We agree with that. We are sure that they adopt bitcoin in order to give benefit to their state and citizens from this new technology.

Quote from: cheezcarls on Today at 08:42:04 AM

Quote from: Hamaber on February 10, 2022, 06:20:37 PM

Quote from: Kakmakr on February 10, 2022, 06:08:06 PM

Everyone that says Russia is not going to invade the Ukraine, must take note of this move ...because it is a backdoor that are being opened to evade strict sanctions when they actually go ahead with the invasion.

The show of force from the US and other countries are not bothering Russia in the least, because they know those countries cannot afford to go into WWIII with Russia...and possibly China if they do. Roll Eyes

We cannot deny this point too. But we cannot predict about their intention too.

I hope that peace remain all over the world because in the time of peace we also need crypto and bitcoin.

We not need to think negative about bitcoin. If someone adopt bitcoin then we do not have to think that he is going to do something bad as it hurts the image of bitcoin.

While this is an interesting turn of events after fears that Russia may ban Bitcoin and crypto trading at some point last year, I was hoping that they would not start a World War III as tensions between Ukraine, US and NATO are still there. I strongly believe that it will affect the prices of cryptocurrencies when Russia decides to further escalate and invade Ukraine.

I've got amazing friends in both Russia and Ukraine, so I just want everything to remain peaceful since it's already a great sign for us to see cryptocurrencies being adopted and accepted in open arms by Russia. When this pandemic ends, two of these countries are one of my wishlist.

If we wish for the good and then good happens. We all wish that there remain peace all over the world and all of the world become a united global unit under blockchain technology.