Do you think Russia will ban cryptocurrencies?

[Astra]

I have heard several times before that Russia will ban cryptocurrency. It is unknown at this time what he will do after leaving the post.But we hope that the Russian government will take such a step No.I think the government might take advantage of the fact that when Russia imposes all kinds of sanctions, people will be able to buy everything through cryptocurrency. Who

Although in Russia many politicians have spoken differently about cryptocurrency and its future, a law has been passed there that significantly limits the free circulation of cryptocurrency and is one of the worst in Europe and in other regions of the world. The fact that Russia has now unleashed an aggressive war in Ukraine and is gradually suffering a military defeat in it will certainly have a huge impact on cryptocurrency within Russia itself in the future. And I don't think it's for the best. Isolation from the outside world due to international sanctions will force the government to take active measures to prevent capital from leaving the country. And cryptocurrency just contributes to this. Therefore, it would be more logical to assume that the cryptocurrency in Russia will be banned or severely limited in circulation.

[Google+]

It is possible to ban the use of cryptocurrencies but I am sure Russia will not do that because if doing so will destroy the entire economy, Russia prefers to take advantage of the situation to be able to get a lot of profit because it can be used for payments when buying oil in Russia.

[Noverteno]

It is possible to ban the use of cryptocurrencies but I am sure Russia will not do that because if doing so will destroy the entire economy, Russia prefers to take advantage of the situation to be able to get a lot of profit because it can be used for payments when buying oil in Russia.

The introduction of a ban on cryptocurrency in Russia is absolutely possible. A general ban will apply to citizens, because the authorities need capital not to leave Russia. There are no laws written for the government itself. Under any laws, they can use cryptocurrency to circumvent sanctions, but they are unlikely to make this information public.
In order to get around the sanctions on the sale of oil, Russia needs not only to hide the settlements on this deal, but also to hide the fact of the real movement of the oil being sold. And this is quite difficult.

[Senin]

It is possible to ban the use of cryptocurrencies but I am sure Russia will not do that because if doing so will destroy the entire economy, Russia prefers to take advantage of the situation to be able to get a lot of profit because it can be used for payments when buying oil in Russia.

The introduction of a ban on cryptocurrency in Russia is absolutely possible. A general ban will apply to citizens, because the authorities need capital not to leave Russia. There are no laws written for the government itself. Under any laws, they can use cryptocurrency to circumvent sanctions, but they are unlikely to make this information public.
In order to get around the sanctions on the sale of oil, Russia needs not only to hide the settlements on this deal, but also to hide the fact of the real movement of the oil being sold. And this is quite difficult.

In the context of Russia's general isolation from the outside world due to aggression against Ukraine, threats of attacks against the Baltic republics, ever-increasing sanctions that seem to be taken for a long time because Russia does not want to stop its aggressive actions, many wealthy Russians will seek to leave this country, which will increasingly sink into poverty, unemployment and crime. The government of Russia, of course, will prevent this in every possible way, because the birth rate of the population has already fallen menacingly and will fall ever lower due to increasing domestic turmoil and falling living standards. Also, the government will be forced to take the most drastic measures to prevent capital flight from the country. Therefore, the prohibition of cryptocurrency looks logical, because with its free use, capital from Russia can no longer be stopped.

[therozaq]

lately, we heard the rumour that said Russia will accept crypto currency, So I think Russian will never ban crypto currency.
Crypto currency is the future currency, I believe every country will allow  crypto at the coming future.

[TopT3ns]

Russia should be able to use cryptocurrency to become one of the digital currencies that can make it easier to conduct transactions between countries that are used to purchase gas or oil, which are the main commodities in Russia to distribute oil to various countries. So the russians can take advantage of moments like this to buy as many cryptocurrencies as they can and become the masters of bitcoin.

[gunhell16]

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 crypto fanatics, most of their community are enthusiast in the cryptocurrency. 
So I doubt they will ban it and majority of their merchants are also adopted crypto currency such as Bitcoin, Ethereum,
Bnb, and more something like that. And it also helped their economy as well, that's what I know about it.

[Jaephoenix]

Russia has been giving mixed signals about crypto, for a long time, especially since this war began. They wanted to accept it as a means of payment when the rouble was in trouble, but recently are gearing up to ban it. Like you said, they may end up like India

[Freemind]

Russia has been giving mixed signals about crypto, for a long time, especially since this war began. They wanted to accept it as a means of payment when the rouble was in trouble, but recently are gearing up to ban it. Like you said, they may end up like India

Exactly, it seems that the Russian government is in a similar situation to that of India, they seem to know the benefits and freedoms that cryptocurrencies and blobkchain provide but they have not made a decision one way or the other. It is possible that not making any decision is a strategy, but I doubt it considering the large number of economic blocks and sanctions that they are receiving, if the war continues and Russia remains economically strangled, we may see a decision by the Russian government.

[Noverteno]

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 crypto fanatics, most of their community are enthusiast in the cryptocurrency. 
So I doubt they will ban it and majority of their merchants are also adopted crypto currency such as Bitcoin, Ethereum,
Bnb, and more something like that. And it also helped their economy as well, that's what I know about it.

In Russia, decisions are made not by crypto-fans, but by the current Putin regime, which does not care about the opinion of the people. Therefore, one of the worst laws regarding cryptocurrencies is currently in force there, because its free circulation as a means of payment is prohibited there. In the context of the attack on Ukraine and the protracted war with it, as well as the imposition of harsh international sanctions, foreign investors, as well as wealthy Russians, are leaving Russia, who see no further prospects for development in this country. Therefore, the task of the authorities will be to prevent the outflow of capital from the country. Therefore, cryptocurrency is likely to be banned, because it will contribute to the outflow of capital from Russia.

[reza7777]

this news has long been a rumor but until now I still haven't seen an article about the prohibition of crypto there, so we'll see hopefully putin doesn't issue the act

[Freemind]

this news has long been a rumor but until now I still haven't seen an article about the prohibition of crypto there, so we'll see hopefully putin doesn't issue the act

There are many articles that talk about this possibility, but there are also other articles that talk about the opposite. In fact, I think that the Russian government does not know what to do with cryptocurrencies, some talk about banning mining but not the use of cryptocurrencies, and others talk about banning both options. The only thing we can do is wait until they have made a decision, they are at the same point as India, they don't know what to do.

Here are some articles.

Russia proposes ban on use and mining of cryptocurrencies: https://www.cnbc.com/2022/01/20/russian-central-bank-proposes-banning-cryptocurrencies-crypto-mining.html
Russian Central Bank again calls for banning crypto: https://www.businesstoday.in/latest/trends/story/russian-central-bank-again-calls-for-banning-crypto-325129-2022-03-08

[Speaker]

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.

[Fenix]

I think that this will depend on the state of the Russian economy as a result of the imposition of unprecedented international sanctions on it. Right now it's bad, and it's only going to get worse. The government will be forced to take measures to ensure that people and capital do not leave this country doomed to poverty and loneliness. Just one of these measures could be the prohibition of the use of cryptocurrency, with which it will be very easy to bypass all the barriers created by the government. But let's see if there will be time to pay attention to cryptocurrency at all.

[Seerge]

If you look at the current conditions, it seems that Russia will not be able to ban Cryptocurrencies, now Russia is getting a lot of sanctions from western countries because of its invasion of Ukraine. And this cryptocurrency can be used as an alternative to find income there, can be used for payment instruments and others.  So there's no way Russia will ban Cryptocurrencies, I'm absolutely sure.