Putin signs bill banning digital assets as payments

[Freemind]

After so many doubts on the part of the community, without knowing if the Russian government was finally going to accept cryptocurrencies as a means of payment or not, we finally have new news about it. I recommend reading the article in its entirety and not being fooled by the headline, since the news consists of several very well differentiated parts regarding cryptocurrencies. However, depending on how damaging international sanctions are to the Russian economy, everything they are doing could change.

Here is the article: https://cointelegraph.com/news/vladimir-putin-signs-bill-banning-digital-assets-as-payments-into-law

[Bobcrypto]

I have big doubt about any news that has to do with Russia and cryptocurrency adoptions. So many of such news are very unreliable and can't be trusted. In the past, I have heard different news about crypto adoptions on Russia but non of the was real. Infact, I concluded that any crypto news on Russia will not be taking seriously because all I have read, very many of them did not come to pass.

[Noverteno]

Well, the article directly states that the law signed by Putin prohibits the use of digital financial assets as a means of payment. That is, citizens of Russia can buy and store cryptocurrency, and having received a profit, they will first be required to exchange it for rubles in order to be able to buy goods and services for them. This approach to cryptocurrency has always been in Russia and it corresponds to the provision in the Russian Constitution that the only means of payment in the country is the ruble. So I'm not at all surprised by this law.

[Alichlas92]

The use of digital financial assets as a means of payment can also be carried out by several other countries or will follow Putin's steps.
but why should you focus on Russia?
Russia will continue to use the ruble and probably every citizen is free to make transactions on the crypto market.

[Senin]

Russia is one of the few states that consistently prohibits the use of cryptocurrency on its territory as a means of payment. Despite various opinions, this state has never been cryptocurrency friendly, and with the growing pressure of sanctions after a full-scale military invasion of Ukraine, cryptocurrency bans there will only intensify. Russia is becoming more and more an outcast from the entire civilized world and many wealthy citizens will leave this country. And one of the effective means to take your fortune out of the country and not be subject to sanctions is cryptocurrency. Therefore, most likely, Russia will take measures to ensure that capital in the form of cryptocurrency does not leave the country.

[Fenix]

The use of digital financial assets as a means of payment can also be carried out by several other countries or will follow Putin's steps.
but why should you focus on Russia?
Russia will continue to use the ruble and probably every citizen is free to make transactions on the crypto market.

In civilized states, there is a completely different approach to cryptocurrencies than in authoritarian Russia. The state, where human rights and freedoms are respected, will not prohibit the circulation of cryptocurrency if it does not pose a threat to their financial stability. This approach was expressed at the G20 summit, which was dedicated to the issue of the general attitude of states to cryptocurrency. Therefore, these states will not follow in the footsteps of Putin's anti-people regime.

[Noverteno]

So far, Russia has only banned the use of cryptocurrency as a means of payment. Further there, most likely, they will establish liability for violation of this prohibition. And the State Duma of Russia has long had a bill establishing strict criminal liability for the use of cryptocurrency as a means of payment. Due to the fact that the Russian economy is beginning to collapse due to the international sanctions imposed for unleashing a war in Ukraine, and there will be feverishly looking for measures to save it, they can not only introduce criminal liability for this, but also completely ban cryptocurrency. Indeed, the sanctions continue to increase and may still change. But for the citizens of Russia, these changes will certainly not be for the better.

[pelana vreo]

Great news, thanks for sharing the article.
I read the whole article and saw this is good news, crypto miners there can apply for legality as self-employed and this is supported, if mining is supported then there is no problem to worry about the current bill.

[coinsrider]

That's sound a bit upsetting but I also believe that the ban shall be lifted off as the future is Definity going to be digital regardless.

[Alcor]

That's sound a bit upsetting but I also believe that the ban shall be lifted off as the future is Definity going to be digital regardless.

You do not take into account the objective situation in Russia. After the military aggression against Ukraine and the sanctions imposed on it, Russia will be largely isolated from civilized states, which will lead to its return to the last century. This will primarily concern its economy, technologies, including digital technologies. Therefore, it is unlikely that they will still think about the development of cryptocurrency. At the same time, we will see what they will do next in this area.

[DAMKAR]

We will see the bad news and good news as long as crypto  exist.
It's not problem for us.
At the past we  heard the news that f Russia will accept bitcoin , but for now there is another gossip.
I don't care

[Senin]

We will see the bad news and good news as long as crypto  exist.
It's not problem for us.
At the past we  heard the news that f Russia will accept bitcoin , but for now there is another gossip.
I don't care

The fact that Russia would use bitcoin to circumvent international sanctions when receiving payment for the supply of its oil and gas was indeed gossip that was immediately refuted by their central bank. But in this case, if Putin really signed the law already adopted by the State Duma of Russia, then this is no longer gossip. Moreover, Russia has always adhered to the position of prohibiting the use of cryptocurrency as a means of payment. To change this position, Russia must first introduce changes to the Constitution, which states that the only means of payment is the ruble.

[coinsrider]

We will see the bad news and good news as long as crypto  exist.
It's not problem for us.
At the past we  heard the news that f Russia will accept bitcoin , but for now there is another gossip.
I don't care

The fact that Russia would use bitcoin to circumvent international sanctions when receiving payment for the supply of its oil and gas was indeed gossip that was immediately refuted by their central bank. But in this case, if Putin really signed the law already adopted by the State Duma of Russia, then this is no longer gossip. Moreover, Russia has always adhered to the position of prohibiting the use of cryptocurrency as a means of payment. To change this position, Russia must first introduce changes to the Constitution, which states that the only means of payment is the ruble.

But all this will have some sort of make a move reasons for Russia.

[Alichlas92]

We will see the bad news and good news as long as crypto  exist.
It's not problem for us.
At the past we  heard the news that f Russia will accept bitcoin , but for now there is another gossip.
I don't care

I totally agree with you, every time an opinion is built. After this there will be new gossip and I think Russia will continue to make provocative news so that it becomes a world news trend. Of course this will benefit Russia.

[pacar_tiri]

I have read Russian government will legalize mining, But here I see the news about it.
Putin will ban digital asset as payment.
Maybe Russia will allow crypto as the payment method at the coming years. Let's see