China and Russia likely to legalize Bitcoin and crypto business soon

[edwin]

China and Russia likely to legalize Bitcoin and crypto business soon.

While the SEC and USA fight a war against crypto, Russia and China are working closely to adopt it.

Experts and business representatives from Iran and Russia have discussed the potential uses of cryptocurrencies and blockchain. The two countries are also collaborating on implementing new financial instruments facilitating bilateral trade in their national fiats.

 

[cortez]

It's hard to predict if it's good or bad news for the industry, and what consequences of this move could be.

 

[derrick]

Since the US has come after crypto:

• Hong Kong has legalized retail trading
• Europe has introduced a new MiCA framework
• UAE and UK are both pushing "Crypto Hub" narratives
• A16z opens a new London office
• Coinbase + Gemini has launched international platforms
• Russia's Sberbank is offering crypto trading

 

[alvarez]

Since the US has come after crypto:

• Hong Kong has legalized retail trading
• Europe has introduced a new MiCA framework
• UAE and UK are both pushing "Crypto Hub" narratives
• A16z opens a new London office
• Coinbase + Gemini has launched international platforms
• Russia's Sberbank is offering crypto trading

The US will get rid of Gensler soon and backtrack, if not, when one door closes another opens

 

[morris]

Since the US has come after crypto:

• Hong Kong has legalized retail trading
• Europe has introduced a new MiCA framework
• UAE and UK are both pushing "Crypto Hub" narratives
• A16z opens a new London office
• Coinbase + Gemini has launched international platforms
• Russia's Sberbank is offering crypto trading

I won't trust the UK. They are basically the junior USA. New regulations are always around the corner to clamp down on crypto with them. The UAE is the only place for me.

 

[pulaski]

Since the US has come after crypto:

• Hong Kong has legalized retail trading
• Europe has introduced a new MiCA framework
• UAE and UK are both pushing "Crypto Hub" narratives
• A16z opens a new London office
• Coinbase + Gemini has launched international platforms
• Russia's Sberbank is offering crypto trading

It's more than a willingness to crypto adoption in these inviting countries. It's also about using this as an opportunity for these countries to eat the innovation space and associate revenue or to serve political goals using crypto as a tool.

 

[Dewlance]

Banks are lobbying to ban crypto. But thank God that China and Russia are legalizing crypto. This move will likely exert pressure on many countries to legalize crypto as well.

 

[ITivan80]

A lot of Crypto currency traders have left the US. The US SCE is coming down hard on them. They want more control on the trading of these currencies.