{"id":148066,"date":"2021-12-22T21:28:03","date_gmt":"2021-12-22T21:28:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148066"},"modified":"2021-12-22T21:28:03","modified_gmt":"2021-12-22T21:28:03","slug":"russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/","title":{"rendered":"Russia\u2019s Cryptocurrency Mixed Signals &#8211; Investors May Be Able To Invest Through Foreign Intermediaries"},"content":{"rendered":"<ul>\n<li>Russia has plans to allow citizens to continue to invest in cryptocurrencies like Bitcoin, Ethereum after back and forth arguments.<\/li>\n<li>The country states that foreign companies will be the only bodies that will be allowed to partake in the market.<\/li>\n<li>The country pledges to clarify crypto regulations in the coming months.<\/li>\n<\/ul>\n<p>Russia has been playing cat and mouse with cryptocurrency investors in the country for years but it seems clarity could be coming to the ecosystem. In the new system, local players will be excluded with preference shown to foreign firms.<\/p>\n<h2><strong>Yes To Crypto, No To Local Players<\/strong><\/h2>\n<p>Russia\u2019s deputy central bank governor, Vladimir Chistyukhin told the press on Monday that cryptocurrencies will not receive an outright ban but they can only invest in them through foreign companies. His comments have been described as bitter-sweet as it offers a ray of hope to investors in the county seeking legal backing before going all in.<\/p>\n<p><em>\u201cRussian citizens and businesses have the right to acquire and hold cryptocurrency, but not through the domestic infrastructure or intermediaries,\u201d<\/em> said Chistyukhin.<\/p>\n<p>His comment comes after the central bank\u2019s governor said that the apex bank is considering a blanket ban of cryptocurrencies after citing potential risks that investors have to be wary of. Following Chistyukhin\u2019s comments, investors can heave a sigh of relief with the hopes that clearer regulation will follow suit. Chistyukhin told the press that the apex bank in the country is working on an Advisory Report that will do a great deal in shedding light on the murky waters of Russia\u2019s cryptocurrency legislators.<\/p>\n<p>Local exchanges might be left out of a piece of the pie as foreign exchanges like Binance solidify their dominance. Already, there is a trend of Russian cryptocurrency founders migrating from the country and setting up shop in more receptive climes. This is predicated against the backdrop that Russia does not have a legal local cryptocurrency exchange that operates in the country.<\/p>\n<h2><strong>Russia &#8211; Crypto Hot Spot<\/strong><\/h2>\n<p>Russia\u2019s size and population naturally make it a strategic cryptocurrency city. The country is Binance\u2019s second-largest country in terms of trading volumes and holds the record as one of the leading providers of Bitcoin hash rates after the country opened its doors to fleeing cryptocurrency miners from China.<\/p>\n<p>Anatoly Aksakov, the head of the State Duma\u2019s Committee on Financial Markets revealed that Russian investors have sunk over $67 billion in cryptocurrency investments and show no sign of slowing down. Aside from Bitcoin, Ethereum is another popular cryptocurrency choice for investors partly because the network\u2019s founder, Vitalik Buterin is Russian.<\/p>\n<p>Head of the Russian Government, Vladimir Putin believes that cryptocurrency has value but does not think it is ready for real-world applications like use in the oil trade. He did not rule out the option completely but thinks that it is <em>\u201ctoo early to talk about the trade of energy resources in crypto.\u201d<\/em><\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia has plans to allow citizens to<\/p>\n","protected":false},"author":3,"featured_media":148065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russia\u2019s Cryptocurrency Mixed Signals - Investors May Be Able To Invest Through Foreign Intermediaries - Pre Coin News<\/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:\/\/precoinnews.com\/crypto\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia\u2019s Cryptocurrency Mixed Signals - Investors May Be Able To Invest Through Foreign Intermediaries - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Russia has plans to allow citizens to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-22T21:28:03+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/12\/Russias-Cryptocurrency-Mixed-Signals-Investors-May-Be-Able-To-Invest-Through-Foreign-Intermediaries-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/\",\"name\":\"Russia\u2019s Cryptocurrency Mixed Signals - Investors May Be Able To Invest Through Foreign Intermediaries - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-12-22T21:28:03+00:00\",\"dateModified\":\"2021-12-22T21:28:03+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/russias-cryptocurrency-mixed-signals-investors-may-be-able-to-invest-through-foreign-intermediaries\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Russia\u2019s Cryptocurrency Mixed Signals &#8211; 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