{"id":1071,"date":"2016-07-21T10:19:00","date_gmt":"2016-07-21T10:19:00","guid":{"rendered":"https:\/\/blog.holytransaction.com\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html"},"modified":"2022-01-25T21:48:40","modified_gmt":"2022-01-25T19:48:40","slug":"regulators-to-allow-bitcoin-in-russia","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html","title":{"rendered":"Regulators to allow Bitcoin in Russia"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"https:\/\/4.bp.blogspot.com\/-cdpiREMZrCs\/V5Cg8Iicf2I\/AAAAAAAAApU\/DEt09NC2fN4_1trnVWK-fbDA120kyEewACLcB\/s1600\/Untitled%2Bdesign.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/4.bp.blogspot.com\/-cdpiREMZrCs\/V5Cg8Iicf2I\/AAAAAAAAApU\/DEt09NC2fN4_1trnVWK-fbDA120kyEewACLcB\/s320\/Untitled%2Bdesign.png\" width=\"320\" height=\"240\" border=\"0\" \/><\/a><\/div>\n<div style=\"text-align: justify;\"><b>\u00a0<\/b><\/div>\n<div style=\"text-align: justify;\"><b>Russia\u2019s Ministry of Finance<\/b> revealed that regulators now wants to propose a <b>new law to allow Bitcoin in Russia.<\/b><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Actually, they want still ban Bitcoin in Russia for domestic use, but they want to use it as a foreign currency.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In a recent interview conducted by the <a href=\"https:\/\/rg.ru\/2016\/07\/18\/v-rossii-nachnut-massovoe-stroitelstvo-dohodnyh-domov.html\"><b>Rossiyskaya Gazeta<\/b><\/a> magazine, <b>deputy finance minister Alexei Moiseev<\/b> explained this move to limit the use of other currencies domestically.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">As Moiseev said, <b>ruble is supported by Russian Constitution<\/b>, so it can be the only currency in use for national trading.<\/div>\n<h3 style=\"text-align: justify;\"><b>How to use Bitcoin in Russia<\/b><\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><i>&#8220;Can Russian citizens have a wallet and pay bitcoins in those countries where it is allowed? Why not? Therefore, we are formulating the law in such a way in order to allow buying cryptocurrencies for foreign operations and allow Russian citizens to sell bitcoins for profit reasons in foreign countries.&#8221;<\/i><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><b>This announcement represents a significant change for Bitcoin Russia.<\/b><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In fact, previously Russian government wanted to ban digital currencies and to impose criminal penalties for their users, despite more positive notes from the <a href=\"https:\/\/holytransaction.com\/blog\/2016\/02\/the-bank-of-russia-is-working-on.html\">Russian central bank<\/a>.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Currently there is no law to prevent the use of bitcoin domestically, and Russia doesn\u2019t want to limit the development of the blockchain, but only to prevent the Bitcoin use for national commerce.<\/div>\n<h3 style=\"text-align: justify;\">Universal Multicurrency Wallet<\/h3>\n<div style=\"text-align: justify;\">By using the HolyTransaction wallet, you can store several kinds of <a href=\"https:\/\/holytransaction.com\/page\/%D0%BA%D0%BE%D1%88%D0%B5%D0%BB%D0%B5%D0%BA-%D0%BA%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B-%D0%BE%D0%BD%D0%BB%D0%B0%D0%B9%D0%BD-%D1%80%D1%83%D1%81%D1%81%D0%BA%D0%BE%D0%BC-%D0%BC%D1%83%D0%BB%D1%8C%D1%82%D0%B8-%D0%B1%D0%B5%D1%81%D0%BF%D0%BB%D0%B0%D1%82%D0%BD%D0%BE-%D1%83%D0%BD%D0%B8%D0%B2%D0%B5%D1%80%D1%81%D0%B0%D0%BB%D1%8C%D0%BD%D1%8B%D0%B9-%D0%BE%D1%82%D0%BA%D1%80%D1%8B%D1%82%D1%8C\">digital currencies<\/a> such as Bitcoin, <a href=\"https:\/\/holytransaction.com\/page\/Litecoin-%D0%BA%D0%BE%D1%88%D0%B5%D0%BB%D0%B5%D0%BA-%D1%81%D0%BE%D0%B7%D0%B4%D0%B0%D1%82%D1%8C-%D0%B7%D0%B0%D1%80%D0%B5%D0%B3%D0%B8%D1%81%D1%82%D1%80%D0%B8%D1%80%D0%BE%D0%B2%D0%B0%D1%82%D1%8C-%D0%BE%D1%82%D0%BA%D1%80%D1%8B%D1%82%D1%8C-online-%D0%BE%D0%B1%D0%BC%D0%B5%D0%BD\">Litecoin<\/a>, Dogecoin, Blackcoin, Ethereum and more; everything within a single account easy to be managed.<\/div>\n<h3 style=\"text-align: justify;\"><a href=\"https:\/\/holytransaction.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Open your Universal Wallet here for free!<\/a><\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>\u00a0 Russia\u2019s Ministry of Finance revealed that regulators now wants to propose a new law to allow Bitcoin in Russia. Actually, they want still ban Bitcoin in Russia for domestic use, but they want to use it as a foreign currency. In a recent interview conducted by the Rossiyskaya Gazeta magazine, deputy finance minister Alexei [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,59,76,179,394,561],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Regulators to allow Bitcoin in Russia -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulators to allow Bitcoin in Russia\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Russia\u2019s Ministry of Finance revealed that regulators now wants to propose a new law to allow Bitcoin in Russia. Actually, they want still ban Bitcoin in Russia for domestic use, but they want to use it as a foreign currency. In a recent interview conducted by the Rossiyskaya Gazeta magazine, deputy finance minister Alexei [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-21T10:19:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-25T19:48:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/4.bp.blogspot.com\/-cdpiREMZrCs\/V5Cg8Iicf2I\/AAAAAAAAApU\/DEt09NC2fN4_1trnVWK-fbDA120kyEewACLcB\/s320\/Untitled%2Bdesign.png\" \/>\n<meta name=\"author\" content=\"Satoshi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/holytransaction\" \/>\n<meta name=\"twitter:site\" content=\"@holytransaction\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Satoshi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html\",\"url\":\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html\",\"name\":\"Regulators to allow Bitcoin in Russia -\",\"isPartOf\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html#primaryimage\"},\"image\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html#primaryimage\"},\"thumbnailUrl\":\"https:\/\/4.bp.blogspot.com\/-cdpiREMZrCs\/V5Cg8Iicf2I\/AAAAAAAAApU\/DEt09NC2fN4_1trnVWK-fbDA120kyEewACLcB\/s320\/Untitled%2Bdesign.png\",\"datePublished\":\"2016-07-21T10:19:00+00:00\",\"dateModified\":\"2022-01-25T19:48:40+00:00\",\"author\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69\"},\"breadcrumb\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html#primaryimage\",\"url\":\"https:\/\/4.bp.blogspot.com\/-cdpiREMZrCs\/V5Cg8Iicf2I\/AAAAAAAAApU\/DEt09NC2fN4_1trnVWK-fbDA120kyEewACLcB\/s320\/Untitled%2Bdesign.png\",\"contentUrl\":\"https:\/\/4.bp.blogspot.com\/-cdpiREMZrCs\/V5Cg8Iicf2I\/AAAAAAAAApU\/DEt09NC2fN4_1trnVWK-fbDA120kyEewACLcB\/s320\/Untitled%2Bdesign.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/holytransaction.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulators to allow Bitcoin in Russia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\",\"url\":\"https:\/\/holytransaction.com\/blog\/\",\"name\":\"\",\"description\":\"HolyTransaction&#039;s Blog - Your crypto blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/holytransaction.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69\",\"name\":\"Satoshi\",\"sameAs\":[\"https:\/\/holytransaction.com\",\"https:\/\/facebook.com\/holytransaction\",\"https:\/\/twitter.com\/https:\/\/twitter.com\/holytransaction\"],\"url\":\"https:\/\/holytransaction.com\/blog\/author\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Regulators to allow Bitcoin in Russia -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/holytransaction.com\/blog\/2016\/07\/regulators-to-allow-bitcoin-in-russia.html","og_locale":"en_US","og_type":"article","og_title":"Regulators to allow Bitcoin in Russia","og_description":"\u00a0 Russia\u2019s Ministry of Finance revealed that regulators now wants to propose a new law to allow Bitcoin in Russia. 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