Quote from: macson on Today at 03:24:31 PM

Quote from: Hamaber on February 10, 2022, 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/

To be honest, this is one of the most shocking news in the crypto world. Russia is one of the most respected countries in the world as well as one of the communist countries, i believe with this decision China and other communist countries will rearrange the laws against crypto in their countries.

Yes China rulers need to meet up Putin to seek that what benefits are there in crypto for a crypto.

Quote from: lixer on Today at 07:14:40 PM

Quote from: Hamaber on February 10, 2022, 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.

How can a full ban be good? But, ban is the worst thing that can happen in crypto. This news was good because it talks about the legalization on crypto in Russia. The start of 2022 is gloomy but finally we are now seeing some light as good news starting to appear slowly.

This might be the reason why we are seeing an improvement in the market? People gets motivated again to go back or to continue buying more because they know that more and more countries are soon to support cryptos. Normally a country can legalize crypto in the form of asset but this one in Russia is different as they legalize crypto in the form of currency. Is this the next El Salvador? hmm...

Actually I wrote "it is good than a full ban", means that the current progress of Russia for adopting crypto is good than a full ban.