Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[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.

 

[highspeed]

Well, this news sounds like new to me.
However, in my opinion, and I would like to clarify that it is only my idea, this could perhaps depend on the fact that Russia could undertake war actions. On the fact of a possible military conflict, there are updates every day.

 

[Wisdom01]

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.

most times the firms would think that the government dosent support cryptocurrency development ,but they actually don't know that most times they have to create some hard policies to prevent fraud activities regarding crypto currency from happening

 

[Mariappa45]

most times the firms would think that the government dosent support cryptocurrency development ,but they actually don't know that most times they have to create some hard policies to prevent fraud activities regarding crypto currency from happening.

Government do support, if they don't support crypto currency, I wouldn't think it could've been under existence this moment. Their little support at least kept it this long in the digital market. Most government officials are simply crypto enthusiasts, they back the coins, and support their progress.

 

[highspeed]

Or maybe another factor, and I point out that what I say is always my opinion, could also be the exponential increase in the cost of raw materials, which would drastically increase the prices of extraction of cryptocurrencies.
This is the 2nd my hypothesis ...

 

[Wisdom01]

Government do support, if they don't support crypto currency, I wouldn't think it could've been under existence this moment. Their little support at least kept it this long in the digital market. Most government officials are simply crypto enthusiasts, they back the coins, and support their progress.

but atleast even if it's not all ,some government officials are still that interested in cryptocurrency ,they actually want to adopt the use of it and give it relevance ,just like the elsavador president ,we could see the real infulence he have in making sure that çrypto currency grows further in the country ,he is part of the supporters