• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, May 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Russia is deciding whether to ban crypto or legalize it

by Reshab Agarwal
December 17, 2021
in Crypto, News, Trending
Reading Time: 2 mins read
0
Russians have a particular liking for crypto investments suggests survey
TwitterWhatsappLinkedin

Russia is deciding whether to ban crypto or to legalize it. The country’s authorities will reach a decision in 2022, and it will be a vital one for the entire crypto industry. As of now, the only place where crypto is banned is China. And honestly, it doesn’t matter that much because half the things are banned in that country, like Google services, all popular global apps, and there is a lot of censorship as well. This is not the case with Russia, and a recent survey even found that Russians have a strong liking for crypto investments.

You might also like

Trump’s Visit to Saudi Arabia: Focus on Iran, Investment, and Israel

Leadership Chaos Hits U.S. Copyright Office Amid AI Policy Battle

Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

Russia’s important decision on crypto

Like all central banks, the one in Russia also thinks that the best thing to do will be to ban crypto. And this is due to the rising concern that as crypto becomes larger, it might cause financial instability. Even the Russian President said that cryptocurrencies have high risks, and therefore, Russia is considering banning them as an option. But, yes, like every coin, there are also two sides to this.

Russia is deciding whether to ban crypto or legalize it

The Chairman of the Duma Committee of Financial Markets, Anatoly Aksakov said it is not easy to completely prohibit cryptocurrencies. The much easier way would be to legalize exchanges and bring everything under the regulatory limelight. This will help the authorities to keep a clear eye on everything and make sure that they are able to tax such transactions. In fact, he also supports cryptocurrency mining regulations in the country. This is because crypto mining within itself is an opportunity for an entirely new industry to flourish in the country. It can help boost the economy and create more jobs.

Why banning crypto would be a mistake?

Cryptocurrencies are in a very nascent stage right now. The adoption is very low, and the technology is still developing at a rapid pace. This is the time when governments should come forward and try to contribute to the industry. In fact, the countries that do so will have the upper hand and won’t be left behind in this race of technology.


What are your thoughts as Russia is deciding whether to ban crypto or to legalize exchanges? And what do you think will be their decision? Let us know in the comments below. I personally think they won’t ban crypto. If you found our content informative, do like and share it with your friends.

Also Read: Man loses $357 million worth Bitcoins with lost hard drive.

Tags: #Crypto#LegalizeBanRussia
Tweet54SendShare15
Previous Post

Robinhood cryptocurrency Gift program is now live!

Next Post

Accenture plc (ACN) Q1 2022 Earnings

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Trump’s Visit to Saudi Arabia: Focus on Iran, Investment, and Israel

by Thomas Babychan
May 14, 2025
0
Trump’s Visit to Saudi Arabia: Focus on Iran, Investment, and Israel

President Donald Trump’s arrival in Saudi Arabia on May 13, 2025, marked the beginning of a carefully planned visit to the Middle East during his second term in...

Read more

Leadership Chaos Hits U.S. Copyright Office Amid AI Policy Battle

by Harikrishnan A
May 14, 2025
0
Trump-Appointed Officials Denied Entry to U.S. Copyright Office Amid Leadership Shake-Up

In a scene straight out of a political thriller, two men arrived at the U.S. Copyright Office in Washington, D.C. earlier this week claiming to be newly appointed...

Read more

Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

by Harikrishnan A
May 14, 2025
0
Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

A new bill introduced by Republican Senator Mike Lee of Utah has reignited the nation’s long-standing debate over pornography, free speech, and federal censorship. Tapping into conservative values...

Read more
Next Post
Accenture Partners with Code.org to Inspire Students to Learn Coding

Accenture plc (ACN) Q1 2022 Earnings

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?