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[Josemendez]

News gathered from cointelegraph has shown that Bank of Russia has warned the local stock exchanges in the country to avoid listing stocks of any cryptocurrency related firm.

This came as a remedy against no accredited firms. They explained that cryptocurrency firm should first register with the company to be able to offer such services in the country.

 

[BullyMaguire]

That makes sense.. any business specially ones that holds the money of the people needs to be properly registered before being recognised

 

[ayoadeoye]

News gathered from cointelegraph has shown that Bank of Russia has warned the local stock exchanges in the country to avoid listing stocks of any cryptocurrency related firm.

This came as a remedy against no accredited firms. They explained that cryptocurrency firm should first register with the company to be able to offer such services in the country.

This bad perspective of government towards cryptocurrency is ridiculous, and that's the main thing that causes it daily avalanche of demise and dropping, had I known, I wouldn't have invest in it??

 

[Razor1911]

It seems quite undeserving to have this policy made by government of nations around the world, always wanting to control the people at all cost and by all means possible.

It is the rule of the government. Though I think this time most of the governments are very strict against cryptocurrency. We should accept it as global currency as the approach of this market is increasing day by day. It is actually the future whether we like it or not.

 

[Josemendez]

This bad perspective of government towards cryptocurrency is ridiculous, and that's the main thing that causes it daily avalanche of demise and dropping, had I known, I wouldn't have invest in it??

What is happening in the cryptocurrency world has little or nothing to do with the government of the country . Crypto is Volatile

 

[ElPaule]

It seems quite undeserving to have this policy made by government of nations around the world, always wanting to control the people at all cost and by all means possible.

well this control is often needed. There are many scammers around to get customer money because they guarantee profits of 1000% per day. I think regulation is good to protect clients that are not as smart as others.

 

[LutherKing]

They Are Trying To Regulate Things In Order For Their Public , Which Is Good As It Should Be To Increase The Public Trust And Safe Trading Environment Tbh Actually .

 

[Brain]

That makes sense.. any business specially ones that holds the money of the people needs to be properly registered before being recognised

Yeah i agree with your assertion. They should be registered and be known as legal entity before operating in the country. This will help to reduce freudulent activities

 

[Wisdom01]

They are actually trying to be more careful , so that the investors would not invest on a fake project that is been listed on the stock market , I think they are just taking precautions so that exchange platform could go for license

 

[Josemendez]

Yeah i agree with your assertion. They should be registered and be known as legal entity before operating in the country. This will help to reduce freudulent activities

Ofcourse this is the right thing to do because government should not allow illegal business to be done in their country less it will affect the country negatively.

 

[GoldenLady]

News gathered from cointelegraph has shown that Bank of Russia has warned the local stock exchanges in the country to avoid listing stocks of any cryptocurrency related firm.

This came as a remedy against no accredited firms. They explained that cryptocurrency firm should first register with the company to be able to offer such services in the country.

Eventually, it may be necessary for cryptocurrency firms to either get recognized in the countries they do business in, or to move out to areas where their activities are not frowned upon.

 

[LutherKing]

That's right to be honest many scammers are online nowadays and they make users lose their money to be honest in my opinion .

 

[Josemendez]

Eventually, it may be necessary for cryptocurrency firms to either get recognized in the countries they do business in, or to move out to areas where their activities are not frowned upon.

Well since it is about their stocks , the effect will not really be that much . They just have to work towards having to earn from their normal transaction.

 

[LutherKing]

Right , Crypto exchanges have to focus on their business and move accordingly the requirements that will make the best option for trading actually

 

[BullyMaguire]

Yeah i agree with your assertion. They should be registered and be known as legal entity before operating in the country. This will help to reduce freudulent activities

They should so the local authorities can monitor them and avoid having them doing anything illegal. Sometimes exchange do that.. like locking funds

 

[LutherKing]

Yes and even cutting funds and making them feel bad can be one way to teach them.a good lesson to be honest in my opinion actually .

 

[Mariappa45]

What they've said isn't bad, for the cryptocurrency firm to be fully recognized and given permission of operation they simply have to abide by the rules of passing legal process and not just trying to bypass laws without following the due process. I understand the reasons for blocking such move of the crypto firm company.

 

[Wisdom01]

What they've said isn't bad, for the cryptocurrency firm to be fully recognized and given permission of operation they simply have to abide by the rules of passing legal process and not just trying to bypass laws without following the due process. I understand the reasons for blocking such move of the crypto firm company.

they actually want those crypto fims to get licenses too, because they can't just list a scam çrypto currency exchange platform that would scam a lot of people ,they respond have to apply more wisdom when practically taking important decisions , probably why they have not listed any yet too tho

 

[Mariappa45]

they actually want those crypto fims to get licenses too, because they can't just list a scam çrypto currency exchange platform that would scam a lot of people ,they respond have to apply more wisdom when practically taking important decisions , probably why they have not listed any yet too tho

Yes, they simply did what they did simply to save the market from saturation from illegal crypto activities. That's why some firms weren't given license of operation. I don't blame the commercial bank or government for such regulation due to how common illegal operations have taken place in crypto market.

 

[a_jerobon]

That is a great move by the Russian government. It means that the cryptocurrency related firms need to register first and proof their legitimacy before being listed. That way, they will avoid cryptocurrency firms that run scam schemes. They will prevent people from being scammed.