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Author Topic: Do you think Russia will ban cryptocurrencies?  (Read 10206 times)

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #30 on: February 13, 2022, 10:24:11 AM »
It seems that the Russian government and the Central Bank of this country really agreed and want to legalize cryptocurrency as a means of payment, although a little earlier the Central Bank was categorically against this and called for a ban on its mining and circulation. In Russia, it was said that the legalization of crypto-currency would give the state many billions of dollars in tax revenue.
Link to source of information:
https://www.coindesk.com/policy/2022/02/09/russia-to-license-crypto-exchanges-tax-large-transactions/
I wonder what prompted the Central Bank to change its previous decision? International sanctions and financial deficit?

I believe that the decision change may be due to these two reasons. The Russian government knows what it is facing if the conflict with Ukraine does not end soon, almost all the countries of the European Union and the United States would apply very strong economic sanctions. By allowing cryptocurrencies to flow legally in Russia, the government would receive a lot of money in taxes, and in this way these sanctions would not affect the Russian economy as much. But I also think it's possible that the first news, the cryptocurrency ban, was just a "test" to see how the international community would react.
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Re: Do you think Russia will ban cryptocurrencies?
« Reply #30 on: February 13, 2022, 10:24:11 AM »

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Offline densus88

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #31 on: February 13, 2022, 11:26:44 AM »
On the contrary, I heard in the news Russia is planning to legalize cryptocurrencies in their country but in India finance minister impose a tax on cryptocurrency profit but still not legalized in the country. I hope soon we will witness Russia will also legalize crypto-like El Salvador did till then we have to wait.

If like El Salvador I think never.
Russia and other will legalize and tak the tax. That's the fact the government need income to their country.
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Re: Do you think Russia will ban cryptocurrencies?
« Reply #32 on: February 15, 2022, 10:22:29 PM »
The actions of Russia's top officials are very difficult to predict. We remember how positively, but at the same time, and contradictoryly, Putin, Medvedev and other Russian officials spoke about the cryptocurrency, but in the end, how bad the law on digital assets was adopted there for the cryptos. Therefore, I no longer really believe their words, one must judge only their actions. They will adopt a corresponding law in Russia, and then we'll see.

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #33 on: February 15, 2022, 10:53:37 PM »
The actions of Russia's top officials are very difficult to predict. We remember how positively, but at the same time, and contradictoryly, Putin, Medvedev and other Russian officials spoke about the cryptocurrency, but in the end, how bad the law on digital assets was adopted there for the cryptos. Therefore, I no longer really believe their words, one must judge only their actions. They will adopt a corresponding law in Russia, and then we'll see.

Yeah, I think Russia will have  rule for crypto currency.
I think it will be legalized there.
I don't think russi will ban crypto

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #34 on: February 15, 2022, 11:59:15 PM »
In reality, they won't ban crypto, instead to make it as a currency. I don't know what they are planning, but they are like playing with us. They spread bad news first, then they announce good news. Not sure what to happen in the near future, but looks like they won't ban Bitcoin or crypto as we ever heard previously. There are too many big players on crypto industry there, they won't let Russia government to lose their businesses.
« Last Edit: February 16, 2022, 12:01:34 AM by alltalk »
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Re: Do you think Russia will ban cryptocurrencies?
« Reply #35 on: February 16, 2022, 08:37:48 AM »
No country is calable of banning crypto

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #36 on: February 16, 2022, 10:49:45 AM »
As we have seen in various press articles, forums and even TV shows, Russia will ban cryptocurrency trading within its borders. Do you think that something similar to what happened with China for several years will happen or that the Russian government will apply it as quickly as possible with all the restrictions?. I am thinking that maybe it will happen like in India where they decided to ban crypto but then the government decided to discuss it again.

What do you think?.

Ban or not I think It will not have big impact for crypto currency.
Not for long, because I think crypto will bounce back again after has negative issue.
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Re: Do you think Russia will ban cryptocurrencies?
« Reply #36 on: February 16, 2022, 10:49:45 AM »


Offline Freemind

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #37 on: February 20, 2022, 07:22:44 PM »
If like El Salvador I think never.
Russia and other will legalize and tak the tax. That's the fact the government need income to their country.

It may not be like in El Salvador, but it could be more or less similar. Whether war breaks out or not (I hope not), Russia could face very severe economic and geopolitical sanctions from the United States and many countries in the European Union. By somehow “adopting” cryptocurrencies, those sanctions could have less of an effect by being able to collect a lot of money in taxes from cryptocurrencies, although there are many factors that we must take into account, such as percentages.
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Offline I-Bit

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #38 on: February 20, 2022, 10:57:41 PM »
We cannot guarantee what they are saying. At a certain time, they may say that they will ban cryptocurrency. But on the other times, they also say that they are supporting the cryptocurrency and also its adoption.
So far, there is still no exact and clear decision. But as far as I know, many Russians are doing in the crypto incudtry

Offline gunhell16

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #39 on: February 21, 2022, 07:03:23 AM »
As we have seen in various press articles, forums and even TV shows, Russia will ban cryptocurrency trading within its borders. Do you think that something similar to what happened with China for several years will happen or that the Russian government will apply it as quickly as possible with all the restrictions?. I am thinking that maybe it will happen like in India where they decided to ban crypto but then the government decided to discuss it again.

What do you think?.

Russia was one of the country who adopted the cryptocurrency for a couple of years, and I don't think they can do that in my own assessment. It is because they have a lot of merchant over their country who already adopted the concept system of the altcoins and these merchants gave and helped to the government in Russia in terms of economy.
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Re: Do you think Russia will ban cryptocurrencies?
« Reply #40 on: February 21, 2022, 01:17:34 PM »
As we have seen in various press articles, forums and even TV shows, Russia will ban cryptocurrency trading within its borders. Do you think that something similar to what happened with China for several years will happen or that the Russian government will apply it as quickly as possible with all the restrictions?. I am thinking that maybe it will happen like in India where they decided to ban crypto but then the government decided to discuss it again.

What do you think?.

No, I don't believe Russia  will ban forever.
I think It's just temporary, because Russia is big country, many crypto investors from there.
I believe Russia will allow crypto currency.

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #41 on: February 21, 2022, 02:04:04 PM »
Russia has been on the sidelines while many of its neighboring countries banned crypto. However, according to reports, the Russian government has been planning to regulate crypto in the country, instead of placing a complete crypto ban bill.

Crypto assets are quite prominent in the world and banning crypto-related operations and services can be an unbeneficial step.
Therefore, while the government in the country has been trying to devise crypto regulations, a federal ministry in Russia has made another proposal.
Source: Bitcoinsensus.Com
Crypto Analyst having 4 years + experience. Working With https://bitcoinsensus.com [nofollow]. Follow this to update with Crypto Market.

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #42 on: February 21, 2022, 03:03:52 PM »
As far as I know the Russian people are one of the big supporters of this Cryptocurrency, on Cryptocurrency forums I found how enthusiastic they are in discussing Crypto. 
The Russian government itself once said it would ban Crypto, but it didn't last long because then they said they would regulate it but there are some conditions that apply. 
If I may have an opinion, in the near future Russia will soon accept Crypto but there will be many rules that will be applied there.

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #43 on: February 21, 2022, 03:57:14 PM »
How many years has it been negative news about the ban from China and Russia, but the fact is that crypto is still growing and developing, adopting technology and current trends.
Don't overdo it in responding to negative news about crypto in my opinion, because the more you look for info, the more you will hesitate to start
because prohibition is just the word PROHIBITION in crypto the more banned the more enthusiasts

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Re: Do you think Russia will ban cryptocurrencies?
« Reply #44 on: February 21, 2022, 07:35:37 PM »
We have more news about the current situation of cryptocurrencies in Russia. Finance Minister Anton Siluanov said two days ago on a TV channel:

Quote
We hope disagreements could be ironed out and a bill regulating cryptocurrencies passed by the end of the year. He said the government would take the final decision.

It seems that they want to continue talking until they reach an agreement with the different parties, but if an agreement is not 100% possible, it will be the Moscow government that decides in the last instance. I hope that finally this agreement is possible and Russia can have a good regulation for cryptocurrencies.

You can read the article here: https://economictimes.indiatimes.com/markets/cryptocurrency/russian-authorities-clash-on-plans-for-crypto-regulation/articleshow/89687455.cms
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