Post
Topic
Board Bitcoin Discussion
Re: Russia and central Bank agreed to legalize cryptocurrency as a form of currency
by
jhonjhon
on 10/02/2022, 23:15:50 UTC
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/
Well, this is a great news for every investors and hodlers.Cryptocurrencies and the adoption around the world. We're starting to see more countries start to adopt bitcoin.

As what i read, the central bank and russia have reached an agreement on how to regulate crypto currencies. And the report further stated that it will be only possible to use crypto in the legal sector. So if you want to use crypto to buy stuff you have your full id through the banking system or license intermediaries

https://www.binance.com/en/news/top/6942203