Do you think Russia will ban cryptocurrencies?

[Freemind]

we need competent people, not officials who do not understand anything about this...after all, it is always easier to ban than to think about how it can be solved.

These types of decisions are always made by high-ranking government officials, and although they don't know much about the subject, they always have highly qualified advisors who tell them the good and the bad in each case. Russian Finance Minister, Anton Siluanov, probably doesn't know what a hash is or how to mine Ethereum, but he has plenty of expert advisors, from there he must make a decision one way or another, after that Putin has the last word by signing the documents approving the new laws.

[EthereumDev_]

I think Russia will use cryptocurrency as an alternative to make transactions by buying bitcoin or other altcoins but when Russia has a goal to continue to increase the selling value of Russian currency, it will focus on the local currency while cryptocurrencies are still open only for privileged person.

[Jaephoenix]

I think in the long run, they would look up to crypto as a form of payment since the war is affecting the rouble. This may be far-fetched but they have been indecisive about it

[rizqillah]

I think Russia will use cryptocurrency as an alternative to make transactions by buying bitcoin or other altcoins but when Russia has a goal to continue to increase the selling value of Russian currency, it will focus on the local currency while cryptocurrencies are still open only for privileged person.

Yeah, I think it will happen, Russia will accept crypto currency for oil and gas payment.
Because we know Russia has been blocked by NATO.
But It's not problem.

[MUGNIA]

I don't think so because Russia is the biggest crypto base and they have a lot of good projects, if Russia bans I think it's only for a moment and then I will revisit India as it is

[Seerge]

I don't think so because Russia is the biggest crypto base and they have a lot of good projects, if Russia bans I think it's only for a moment and then I will revisit India as it is

I also think so, Russia is one of the supporters of the development of Cryptocurrency in the World by having big investors. If Russia bans Cryptocurrencies, of course this will harm the people there, and of course it will have a big impact. So I don't think Russia will do that, even now Russia is also accepting Cryptocurrency donations for the war there.

[Astra]

I don't think so because Russia is the biggest crypto base and they have a lot of good projects, if Russia bans I think it's only for a moment and then I will revisit India as it is

I also think so, Russia is one of the supporters of the development of Cryptocurrency in the World by having big investors. If Russia bans Cryptocurrencies, of course this will harm the people there, and of course it will have a big impact. So I don't think Russia will do that, even now Russia is also accepting Cryptocurrency donations for the war there.

Do not confuse the interests of the authorities in Russia and the interests of its people. Yes, the people are interested in the free circulation of cryptocurrency, but this is clearly not what the current Putin regime wants. Therefore, despite various encouraging, but contradictory statements about cryptocurrencies, in Russia such laws have been adopted that actually prohibit the use of cryptocurrencies as a means of payment.
In connection with the military defeat of Russia in Ukraine and the deterioration of the economic situation of Russia due to the imposed international sanctions, Russia will clearly no longer provide people with freedom in relation to cryptocurrencies. Now the concern of the authorities is to block the leakage of capital from the country, and the cryptocurrency will contribute to this.

[naitik01]

In my view, many countries tried to ban cryptocurrency but could not succeed, had to implement again with some rules. The same can happen with Russia. I think it will not be possible for any country to ban cryptocurrency.

[Speaker]

Yes, but it is easy to block wallets with coins having a centralized issuer, such as Tether or Circle.

[Noverteno]

In my view, many countries tried to ban cryptocurrency but could not succeed, had to implement again with some rules. The same can happen with Russia. I think it will not be possible for any country to ban cryptocurrency.

Russia has already adopted a law on digital assets, according to which citizens can have cryptocurrency, but it is forbidden to use it as a means of payment. In general, a very tough authoritarian rule is now established in Russia, under which the authorities do not give a damn about the opinion of citizens. Due to the difficult economic situation in this country, they may well ban cryptocurrency there in order to avoid capital flight abroad. It is in democratic states that it is not possible to deal with such prohibitions. If in Russia for these violations they will be put in prison for 10-15 years or even shot, the situation will very quickly become controllable.

[Callisto]

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?.

I think the ban will be soon if they don’t find a certain kind of regulator, after all, you shouldn’t forget that you can pay with cryptocurrency without any taxes and so on, I think that soon there will be some kind of ban or some over tax.

[Speaker]

with what is happening now - no cryptocurrency will be able to help soon

[Noverteno]

with what is happening now - no cryptocurrency will be able to help soon

After the Russian regular army was practically defeated in Ukraine and Putin announced the mobilization to support the war in Ukraine, the Russians finally woke up and realized that the war would affect them too. Therefore, in the first few days, 361,000 Russians of military age left Russia abroad. Despite the fact that they are going to introduce a ban on leaving the country for persons of military age, people will still look for ways to leave the Russian Federation, and capital will also leave the country with them. Cryptocurrency is still a very good way not to transport large amounts of money across borders. The Russian authorities also understand this. Therefore, they are unlikely to legalize cryptocurrency.

[Speaker]

with what is happening now - no cryptocurrency will be able to help soon

After the Russian regular army was practically defeated in Ukraine and Putin announced the mobilization to support the war in Ukraine, the Russians finally woke up and realized that the war would affect them too. Therefore, in the first few days, 361,000 Russians of military age left Russia abroad. Despite the fact that they are going to introduce a ban on leaving the country for persons of military age, people will still look for ways to leave the Russian Federation, and capital will also leave the country with them. Cryptocurrency is still a very good way not to transport large amounts of money across borders. The Russian authorities also understand this. Therefore, they are unlikely to legalize cryptocurrency.

I do not think that the outflow of money from the country and their transfer to cryptocurrency will dramatically affect it for the better. Stronger and longer-term fundamental catalysts are needed.

[Shahinaz]

Russia is the largest investor base and blockchain project, I don't think it's possible for them to ban crypto in their country, especially at times like this their assets may be stored in crypto not in local banks
but you said in the border area, maybe this makes sense they forbid crypto-taxing


in my mind between the borders and the territory of the country is different