According to the deputy finance minister of Russia, Alexey Moiseev, pending legislation on cryptocurrencies are just around the corner for Russia along with the possibility of a ban on all payments made in cryptocurrency.
It seems Russian politicans have backslid after saying just months ago that bitcoin should be classified as a kind of asset in Russia and limited to qualified investors.
However on a brighter note, this issue is still an open one and will be debated heavily in the State Duma, Russia's national legislature.
According to authorities on the matter a bill is expected to be passed in October of 2017.
Finally it seems that Russia's deputy finance minister had this to say about the issue.
"I think we will determine it within a month. I think in October, and then we will discuss it before submitting it," he said.
Techblogger Wrap Up
Is this ban on cryptocurrency legit or just more FUD to push prices lower. Please leave thoughts and feedback below!
Thanks for reading!
Source:
Russia Likely to Ban Bitcoin Payments, Deputy Finance Minister Says - CoinDesk
They are planning an ICO. Therefore banning things is a FUD.
I am living in Russia for a long time, I know Russia, it's a FUD ! No one can ban bitcoin ! we can use vpn if any one do, why everybody care !
Basti wapside steemit and bitcoin all cantry bank spot
i dont think so
Nope, never. Perhaps a ban on ICOs coming.
Governments are frightened by cryptos.
First time their ability to make and control money is on the ljne.
@techblogger Well done for sticking at it! Love it. Followed..
Thanks. I always make time and get back to people that seem cool. Take care!
Thanks for your work @techblogger Followed...
Thanks for sharing post.