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Author Topic: Putin signs bill banning digital assets as payments  (Read 3972 times)

Offline iamwarhawk

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Re: Putin signs bill banning digital assets as payments
« Reply #30 on: August 05, 2022, 08:49:00 PM »
There is no wonder why is Russia still banning digital assets as payments because if they allow these financial exchanges openly more and more people will engage in anonymous transactions which here is crypto, which will cause trouble for the government to keep track of transactions across the country, most importantly country will miss out on the taxes which is essential for running a country, that's why it's hard for countries to adopt cryptocurrencies. 
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Re: Putin signs bill banning digital assets as payments
« Reply #30 on: August 05, 2022, 08:49:00 PM »

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Offline Alichlas92

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Re: Putin signs bill banning digital assets as payments
« Reply #31 on: August 06, 2022, 01:52:24 PM »
I don't think it's a tax loss, the government agency of a country which consists of many programs, discourses and steps to be taken, is very difficult for some people to guess.

We will have to see countries experiencing inflation whether they think they will buy or replace crypto as a new currency?

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Re: Putin signs bill banning digital assets as payments
« Reply #32 on: August 06, 2022, 08:38:02 PM »
There is no wonder why is Russia still banning digital assets as payments because if they allow these financial exchanges openly more and more people will engage in anonymous transactions which here is crypto, which will cause trouble for the government to keep track of transactions across the country, most importantly country will miss out on the taxes which is essential for running a country, that's why it's hard for countries to adopt cryptocurrencies.
This is something that is inherent in all states. But in the case of Russia, the situation is much worse. The sanctions imposed against it continue to have an increasing suffocating effect on the Russian economy. Despite the fact that the Kremlin is always trying to deny everything bad, the sanctions are working, the flow of imports is declining, foreign partners are leaving, unemployment is growing. Many Russians have already realized that this will drag on for at least several decades and are trying to leave this pariah country. Together with people, a lot of capital is leaving the country, because most often wealthy people leave Russia. Many have already made sure that it is easier to export capital with the help of cryptocurrency. This is also understood in the Russian government. Therefore, it is unlikely that the cryptocurrency in Russia will receive, taking this into account, unhindered circulation.

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Re: Putin signs bill banning digital assets as payments
« Reply #33 on: August 13, 2022, 02:54:45 PM »
I don't think it's a tax loss, the government agency of a country which consists of many programs, discourses and steps to be taken, is very difficult for some people to guess.

We will have to see countries experiencing inflation whether they think they will buy or replace crypto as a new currency?

I think the government can take the tax if they want.
But If they will ban digital assets as payment, I think As crypto enthusiastic, I didn't agree.
Crypto is the future technology, the government should learn and adopt it.

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Re: Putin signs bill banning digital assets as payments
« Reply #34 on: November 30, 2022, 11:21:59 AM »
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
Russia in the foreseeable future will not legalize cryptocurrency on its territory. In any case, until the Putin regime disappears there and the rule in this country becomes more democratic. Especially now, when a strict economy regime is introduced there and a ban on the export of currency from the country is introduced, as wealthy citizens seek to avoid mobilization and leave the pariah country without a normal future.

However, if they adopt a law similar to the one that was submitted to the State Duma on November 17, then cryptocurrency mining will be allowed, but with the obligation to sell cryptocurrency outside the country, that is, it will not be circulating inside the country anyway.

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Re: Putin signs bill banning digital assets as payments
« Reply #35 on: November 30, 2022, 02:05:32 PM »
No government is happy about these decentralized platforms helping normal people do their transactions other than banks, bank transaction help government to track these transactions which help the government to generate revenue in the form of taxes, and which government doesn't like taxes...... ? They cant operate without taxes...
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Re: Putin signs bill banning digital assets as payments
« Reply #36 on: November 30, 2022, 03:31:26 PM »
It seems they said that they would accept payment for resources in cryptocurrency, but now they have decided to change their mind. It will be clear later when this happens and how it will be resolved.
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Re: Putin signs bill banning digital assets as payments
« Reply #36 on: November 30, 2022, 03:31:26 PM »


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Re: Putin signs bill banning digital assets as payments
« Reply #37 on: December 02, 2022, 04:00:06 PM »
It seems they said that they would accept payment for resources in cryptocurrency, but now they have decided to change their mind. It will be clear later when this happens and how it will be resolved.
For the tenth month now, Russia has been attacking the territory of Ukraine and suffering a colossal military defeat from the Armed Forces of Ukraine. The economy of the Russian Federation is greatly depleted from a long war for which it was not ready, as well as from the effect of international sanctions. Therefore, they will be forced to introduce a regime of the strictest economy and a ban on the export of material and financial resources abroad. Cryptocurrency will just interfere with this. Therefore, it is obvious to me that there will be no legalization of cryptocurrency in Russia.

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Re: Putin signs bill banning digital assets as payments
« Reply #38 on: December 02, 2022, 04:55:58 PM »
More recently, I heard the opposite. Soon, in Russia there will be an exchange using bitcoin. Such transactions are very convenient. Neighboring countries, Ukraine, Kazakhstan will also follow this exchange. This will have a very good effect on the cryptocurrency.

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Re: Putin signs bill banning digital assets as payments
« Reply #39 on: December 03, 2022, 12:32:07 PM »
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

No worries, about this issue.
I think Putin will have good decision for crypto currency.
I don't believe Putin will ban digital assets as payment forever.
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Re: Putin signs bill banning digital assets as payments
« Reply #40 on: December 04, 2022, 03:48:47 PM »
Obviously Putin and Russia are a bit confused in relation to crypto and Blockchain integration. They seem to ban it today and love it tomorrow. This love-hate relationship is really getting Russian and even global investors confused and irritated at the same time

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Re: Putin signs bill banning digital assets as payments
« Reply #41 on: December 05, 2022, 08:15:35 AM »
they now just seem to have other goals and problems, and cryptocurrencies are now in limbo
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Re: Putin signs bill banning digital assets as payments
« Reply #42 on: December 05, 2022, 10:30:20 AM »
Obviously Putin and Russia are a bit confused in relation to crypto and Blockchain integration. They seem to ban it today and love it tomorrow. This love-hate relationship is really getting Russian and even global investors confused and irritated at the same time

Yeah, I think Putin and their team still learn about crypto and block chain technology , I dont believe they will ban this technology, let's see.
Russia will allow bitcoin and alrcoins soon.
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Re: Putin signs bill banning digital assets as payments
« Reply #43 on: December 05, 2022, 11:21:16 AM »
The global gaming token market is worth more than INR 1 trillion, according to data collected by CoinMarketCap.

These tokens may only have utility within a particular game or gaming ecosystem, but the top tokens also have significant real-world value.
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Re: Putin signs bill banning digital assets as payments
« Reply #44 on: December 06, 2022, 03:46:36 PM »
Obviously Putin and Russia are a bit confused in relation to crypto and Blockchain integration. They seem to ban it today and love it tomorrow. This love-hate relationship is really getting Russian and even global investors confused and irritated at the same time
In Russia, politicians have said many different things about cryptocurrency, including a lot of good things and a lot of bad things. Putin also spoke a lot of contradictory things about her. But in terms of introducing bills to the State Duma, they will never be good enough for cryptocurrency. a Some directly refer to an article in the constitution of the Russian Federation, which states that the only means of payment in Russia is the ruble. Therefore, the Central Bank of Russia has always consistently opposed the legalization of cryptocurrency as a means of payment.

Moreover, this will not happen now, when Russia spends huge money on the war in Ukraine and still suffers a military defeat, and international sanctions only increase the collapse in its economy.

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