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+--- Thread: Russia will legalize BTC payments (/Thread-Russia-will-legalize-BTC-payments)
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Russia will legalize BTC payments - al68 - 09-15-2017
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-ministry-drafts-law-legalize-cryptocurrencies/
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
RE: Russia will legalize BTC payments - Altair - 09-15-2017
If it is trye price most likely positive effected. Good new after china crisis
RE: Russia will legalize BTC payments - Slacker - 09-15-2017
If it is true it should even out if not sky rocket. It honestly puts my mind at ease after the whole China fiasco
RE: Russia will legalize BTC payments - Altair - 09-15-2017
(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
RE: Russia will legalize BTC payments - VirtualFrost - 09-16-2017
Pretty interesting for Russia to be doing this especially after all this China news.
RE: Russia will legalize BTC payments - mothered - 09-16-2017
(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.
RE: Russia will legalize BTC payments - zorrophreak - 09-16-2017
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.
RE: Russia will legalize BTC payments - al68 - 09-18-2017
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.
RE: Russia will legalize BTC payments - Oni - 09-18-2017
I'm curious how they plan to regulate things.
RE: Russia will legalize BTC payments - Slacker - 09-18-2017
(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