Post
Topic
Board Economics
Re: Russia gives in and considers accepting bitcoin exchange
by
gantez
on 21/02/2022, 16:22:38 UTC

There are positive and negative impacts of emerging crypto regulations in Russia

The positive impact is that crypto owners are safer because they are legally protected, and the government can minimize dirty transactions using crypto

but the negative effect is that the privacy of crypto users there will certainly no longer exist, everything is visible and tracked by the government

No I won't think so that it has such negative effect in that privacy will be revealed. As much it has been legalized it means that the status is no longer illegal and people are free to transact freely and claim to have bitcoin or show wallet but it doesn't restrict that it will be revealed the privacy of owner, bitcoin in Russia is still decentralised. If you talking about privacy revealed that can be when the government is establishing a bitcoin payment portal and outlet that require to pay in through the bitcoin or cryptocurrency maybe they require KYC. If exchange too is asking to do KYC.