Bitcoin is in Russia play “angle of foreign currency”
This depends on how long the parties can reach an agreement at the end of 2016, the legal proposal will be submitted to the Russian parliament.
Bitcoin rise in Russia’s position has been for a very long time. In Russia seems bitcoin can only have two results: either banned or accepted. But perhaps there is a choice of third has been put on the agenda, the Russian government wants to bitcoin labeled “foreign currency” label.
Interesting practices in Russia
In Russia the bitcoin in foreign currency and the same height, it will produce some interesting results. Although bitcoin in Russia is still banned in Russia, but the user can through the trading platform to buy bitcoin. At the same time, they can use the money to buy encryption consumption in different countries around the world.
Bitcoin as Russia’s “eyes a thorn” this is not a day for two days. Since the encryption currency is not by the government and bank control, they will feel a new bitcoin will become the implementation of criminal activities. But now it seems that this idea is changing, this is a favorable result of Russian bitcoin enthusiasts.
If the decision is written into law, so the question becomes the other proposals on the table. One suggestion is to punish people who use bitcoin, including huge fines and imprisonment. But through the observation, even if bitcoin was regarded as “foreign currency” this proposal will still be executed. Because Russia is the only country to ensure that the ruble is used currency.
At the same time, bitcoin technology involved in Russia’s priority. According to rumors, the Central Bank of Russia intends to release its own virtual currency in the future. But so far, these plans have not been officially confirmed in Russia, but this situation may soon change.
When it comes to bitcoin, this approach is interesting in russia. It allows consumers and businesses to exchange encrypted currency and the ruble, but also in the legal provisions of the bitcoin when the money will be punished in domestic consumption, Russia has created an interesting system. According to the development of the situation in Russia, maybe after a few years will be forced to accept a crypto currency.
This depends on how long the parties can reach an agreement at the end of 2016, the legal proposal will be submitted to the Russian parliament. Once this is done, after a few weeks or months, we will know that the proposal is accepted or rejected.