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Russian Authorities Reveal New Crypto Regulatory Plans
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[QUOTE="sincerem, post: 214554, member: 25228"] [FONT=Courier New][B]Regulation isn't bad, if the Russian government sees the need for that, their is no problem to regulate cryptocurrencies. Just that, it is created not to be regulated by the government completely, but in some ways, it is okay for the government to regulate it someway, to cut down high level scams going through the block-chain or around the country. What I did not understand about you mentioning, is the place where you mentioned about 'declaration of digital assets that exceeds 8,000$ in the country. Does it mean that, if the asset is above, $8,000 it will simply be monitored and regulated before it gets approved to go into it's destination? I am simply keeping close call seeing how this regulation stuffs gonna go, because it isn't an easy one to regulate cryptocurrencies, due to its anonymous nature. You can simply regulate fiat currencies better, because they are centralized, but crypto isn't that way, because it is decentralized. It isn't meant for the government to regulate, rather it is the power to the people. Even in China some citizens still trade crypto anonymously, it is simply above the power of the government to regulate, let's just see how it goes. [/B][/FONT] [/QUOTE]
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