Russia will legalize BTC payments

al68 · 09-15-2017, 08:01 AM

As some of you know, Russia is about to legalize paying taxes with BTC. Also, BTC will be listed on Stock Exchange.
More to read: https://news.bitcoin.com/russias-finance...urrencies/

What do you guys think, this will result in increasing the value of BTC or could be a worse scenario and the price will drop? It's very interesting that such a big country legalize somehow the cryptocurrency

Altair · 09-15-2017, 03:46 PM

If it is trye price most likely positive effected. Good new after china crisis

Slacker · 09-15-2017, 08:16 PM

If it is true it should even out if not sky rocket. It honestly puts my mind at ease after the whole China fiasco

Altair · 09-15-2017, 10:14 PM

(09-15-2017, 08:16 PM)Slacker Wrote: If it is true it should even out if not sky rocket. It honestly puts my mind at ease after the whole China fiasco

It's just a draft now, I hope it will pass

VirtualFrost · 09-16-2017, 12:51 AM

Pretty interesting for Russia to be doing this especially after all this China news.

mothered · 09-16-2017, 03:38 PM

(09-15-2017, 08:01 AM)al68 Wrote: What do you guys think, this will result in increasing the value of BTC or could be a worse scenario and the price will drop?

Every working Individual pays tax, and It's human nature that we all enjoy flexibility and alternatives.

With that In mind and given the number of people who utilize Bitcoin, I believe this will boost It's currency- certainly from a long term perspective.

zorrophreak · 09-16-2017, 04:40 PM

I remember when Russia was considering adopting an Ethereum based currency for an official currency, but its cool that they are legalizing BTC for tax purposes.

I imagine it will have a pretty good impact (in a positive way) on the BTC economy.

al68 · 09-18-2017, 10:15 AM

I think they are looking into this in order to evade the economic sanctions imposed by US and EU, if the Russian companies will pay taxes and profit shares in BTC, all the sanctions have no importance, since the money are not moved in any bank accounts.

Oni · 09-18-2017, 06:49 PM

I'm curious how they plan to regulate things.

Slacker · 09-18-2017, 06:53 PM

(09-18-2017, 10:15 AM)al68 Wrote: I think they are looking into this in order to evade the economic sanctions imposed by US and EU, if the Russian companies will pay taxes and profit shares in BTC, all the sanctions have no importance, since the money are not moved in any bank accounts.

Exactly my thinking behind it too to be honest and I'm hoping the coin shoots back above 4000 lol