Russian government official calls to legalize mining ‘as soon as possible’

[Freemind]

Shortly after statements by a part of the Russian government that the country would accept Bitcoin as a payment method for oil and gas, a representative of the Russian government says that it would be necessary to create laws and allow mining of Bitcoin and altcoins as soon as possible. Something that a sector of the government did not like very much.

What is your opinion on these new statements?.

More information here: https://cointelegraph.com/news/russian-government-official-calls-to-legalize-mining-as-soon-as-possible

[Bliznec]

To reduce the risks associated with the introduction of cryptocurrency in the country. I have long believed that mining is allowed in Russia. Neighboring countries, take the same Kazakhstan, are engaged in mining operations, where mining is taxed. Earlier, the President of Russia, Putin, said in his interview that bitcoin could be considered as an asset investment. These are positive trends to consider bitcoin, for the benefit of the state, to the same users of bitcoin.

[Doctor]

Good news, after we heard  the Russian government accepted bitcoin for gas and oil payment, we're hearing about this.
Russia government will legalize mining, It's nice to see.
I think the big country such as Russia do well.
Hopefully other countries will accept and legalize bitcoin and altcoin too.
It will have good effect for crypto market.
Because I think crypto is the future technology, why we must refuse it.

[TomPluz]

Bitcoin mining can be a good alternative way for the Russian government to get the funding it needs for the war. Though this is sad to me as this will never make Bitcoin palatable to the taste of some, I always remind myself that Bitcoin is apolitical and amoral or agnostic meaning it will not decide which side is right or wrong in any issue. Let's hope that after the wat, both Russia and Ukraine can become active partners of the cryptocurrency industry and not just at this time of difficulties and extraordinary times.

[Freemind]

I don't know what others will think, but I think the Russian government is doing this so quickly out of necessity. The sanctions that Russia has received from many countries are causing the country to fall into an economic crisis that can last a long time, that is why the government needs to sell oil and gas accepting any type of payment and legalize crypto mining, so as not to be completely isolated. If they finally accept payments for services in Bitcoin and approve crypto mining, we will see how far the value of Bitcoin can go.

[Astra]

Good news, after we heard  the Russian government accepted bitcoin for gas and oil payment, we're hearing about this.
Russia government will legalize mining, It's nice to see.
I think the big country such as Russia do well.
Hopefully other countries will accept and legalize bitcoin and altcoin too.
It will have good effect for crypto market.
Because I think crypto is the future technology, why we must refuse it.

The appeals of individual officials in Russia mean nothing. They will do what their tsar Putin says. And he says a lot and contradictory, and does even less. Therefore, in fact, there is no good news regarding cryptocurrency in Russia. No one is going to use bitcoin or any other cryptocurrency to accept payment for Russian oil and gas. It was also an opinion that was immediately refuted by the Central Bank of Russia. Under the conditions of unprecedented international sanctions, when Russia is faced with the task of preventing the outflow of capital, no one there will legalize its free circulation.

[doc]

if the Russian government legalize mining, I think It will have good effect for crypto world.
We will see crypto will be more expensive and many investors will  invest to crypto mining.

[Freemind]

if the Russian government legalize mining, I think It will have good effect for crypto world.
We will see crypto will be more expensive and many investors will  invest to crypto mining.

If the Russian government finally legalizes cryptocurrency mining, you may be in some kind of trouble with your good friend, China, we all know what the Chinese government has done since 2013 against Bitcoin and cryptocurrencies in general. If now the Russian government approves mining, they may receive more international sanctions as many countries could claim that the Russian government wants to use cryptocurrencies to avoid all existing sanctions.

[gurunanakji777]

It's a welcome step by the Russian government even it will help to increase the mining in Russia even Russia is doing this because of lots of sanctions on his country so they are looking for more revenue so they will hopefully legalize mining.

[yohananaomi]

It's a welcome step by the Russian government even it will help to increase the mining in Russia even Russia is doing this because of lots of sanctions on his country so they are looking for more revenue so they will hopefully legalize mining.

Of course, because the Russian government must immediately be able to overcome the embargo which is expected to be prolonged, of course this is one of the steps that must be taken, although many may not agree because of the problems that triggered the mining.
you are right mate that this is one of the Russian ways to be able to increase income if it is needed so that it legalizes mining.

[Noverteno]

Separate appeals of Russian officials mean nothing. There, the Central Bank takes a tough stance of banning everything related to cryptocurrency. Considering that these events took place in March, and now it is already July, that is, almost four months have already passed, but no action has been taken after these calls, and I think that there will not be. In Russia, there are problems stronger than cryptocurrencies, and they are connected with the aggression against Ukraine and the international sanctions that followed after that. The Russian economy is more and more flying into the abyss. Let's see if there will be up to cryptocurrency.

[Freemind]

Separate appeals of Russian officials mean nothing. There, the Central Bank takes a tough stance of banning everything related to cryptocurrency. Considering that these events took place in March, and now it is already July, that is, almost four months have already passed, but no action has been taken after these calls, and I think that there will not be. In Russia, there are problems stronger than cryptocurrencies, and they are connected with the aggression against Ukraine and the international sanctions that followed after that. The Russian economy is more and more flying into the abyss. Let's see if there will be up to cryptocurrency.

I agree with what you say, but in this case both things have a point of union. The Russian economy, contrary to what the Russian media would have us believe, is in very bad shape and will get worse in the coming weeks/months. When all countries apply 100% sanctions against Russia, a possible escape route could be cryptocurrencies, that is why they have not yet made a decision about it, and if the Russian government were to eventually accept crypto in one form or another, the country could face new sanctions.

[yohananaomi]

Separate appeals of Russian officials mean nothing. There, the Central Bank takes a tough stance of banning everything related to cryptocurrency. Considering that these events took place in March, and now it is already July, that is, almost four months have already passed, but no action has been taken after these calls, and I think that there will not be. In Russia, there are problems stronger than cryptocurrencies, and they are connected with the aggression against Ukraine and the international sanctions that followed after that. The Russian economy is more and more flying into the abyss. Let's see if there will be up to cryptocurrency.

I agree with what you say, but in this case both things have a point of union. The Russian economy, contrary to what the Russian media would have us believe, is in very bad shape and will get worse in the coming weeks/months. When all countries apply 100% sanctions against Russia, a possible escape route could be cryptocurrencies, that is why they have not yet made a decision about it, and if the Russian government were to eventually accept crypto in one form or another, the country could face new sanctions.

it seems that all countries, especially the European Union, really want to embargo on Russia, but there are still many European countries that are dependent on Russia, this is what makes the European Union countries split into two and not at all unanimous to do that.
Indeed, in a situation like this, there is a lot of dependence on both Russia and Ukraine, if the two countries also find it difficult to carry out their activities, it is certain that many countries will be affected.


Russia with oil, gas which is mostly shipped to Europe, and Ukraine with wheat where currently the shipments are not going well because Russia closed the waters of Ukraine.
actually it is the ego of each country's leaders who do not see the suffering of the civilian population affected, and it is clear that the people who are most directly affected are the Ukrainian people and this will probably also happen to the Russian people later.
it is more important to sit down together to resolve the ego in order for peace to occur.


crypto will probably sort things out in russia but keep in mind that they have a supportive partner too, namely china which has always been the US enemy in trade. Russia feels confident that China will help them even if crypto can't solve the problem.

[Astra]

It's a welcome step by the Russian government even it will help to increase the mining in Russia even Russia is doing this because of lots of sanctions on his country so they are looking for more revenue so they will hopefully legalize mining.

The Russian economy continues to fall, and over time, this fall will only intensify. Sanctions continue to gain momentum, and therefore the attitude towards cryptocurrency will change there, and I think not for the better. Cryptocurrency enables citizens to get away from the harsh measures that are being taken and will still be applied in the Russian economy. This will determine the attitude of the Russian government towards the cryptocurrency itself. Therefore, I do not expect the adoption of laws there that would ensure its free circulation.

[pacar_tiri]

it's great, nice to hear that.
If the Russian government will legalize mining, I think we will see  the bright future for crypto currency.
Russia is one of the biggest country.
It's a good thing