Russia To Fully Ban Bitcoin Payments. It's A Good Possibility Russia Will Ban All Bitcoin Payments.
"No regulator doubts that payments will be banned. In my opinion, in a country where millions have suffered from pyramid schemes, it is impossible to allow the situation when citizens sell apartments in order to make investments in cryptocurrencies to repeat.” -Deputy Finance Minister Alexey Moiseev
Well I guess that is one guys opinions. Lets here another opinion.
"The discussions will continue. In any case, there is a market. It is developing rapidly, and there are certain advantages that could be used. I mean the advantages associated with attracting investments for projects through the ICO. I have a positive attitude to this, but there is another point of view. In order to make a decision, consensus will be necessary.” -Anatoly Aksakov, head of the State Duma
On one hand Russia wants to make use of excess power generation capacity in many of its regions to create a profitable cryptocurrency mining industry. President Putin met with Vitalik Buterin and the president seemed to be convinced that there is much valuable potential in cryptocurrencies. On the other hand, some officals think like Moyseev. Whats up with Moscow Stock Exchange introducing Bitcoin trading next year?
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I share the opinion that the most likely is that governments will try (and already are, some of them) to take advantage of cryptocurrencies. At least, that is what i'd like to believe will happen.
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I am worried about regulations over cryptocurrencies, but FUD also makes me nervous. We are amongst the (probably) few people defending digital money and free trading and banking, and the most important right now (in my opinion) is to contribute as much as we can to the growth of blockchain technology and be brave and unite to fight an old institution such as the state.
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