Coindesk Expressed:  The Russian government has developed a road map for regulating crypto instead of banning it.

Reportedly, the road map suggests introducing know your customer (KYC) and anti-money laundering (AML) rules for cryptocurrency platforms, defining their regulatory status, mandating a supervisory body and establishing penalties for those who don’t play by the rules.

Community Response:  This is very good news. This is a big chance for the development of cryptocurrency. Maybe in the future there will be a loyal attitude to DeFi as well. I really hope so.

I agree, the news is great. It means the country has embraced cryptocurrency. But I don’t understand why you need DeFi? Why CeFi doesn’t suit you? I’m not an expert at all, just wondering.

Because the current (CeFi) financial system has run out of steam. It doesn’t work very well anymore. So, we have to try something new.

Well, anyway the ones who need crypto would find a way to buy it. With Tether, people are buying crypto even where it’s banned.

Why the government is really concerned about regulating cryptos?  I think government wants certain control over cryptocurrencies for purposes of manipulation.

The space is getting big.  If the coordinated regulations are reasonable hopefully it creates a level playing field. Taxes have always been there.

This is what should happen for all countries. If there is a financial innovation, a faster and cheaper new technology for societies, it should not be banned, it should be supported.

The USA is seriously getting left behind with crypto. So many countries recognize its here to stay and are trying to make it work yet the USA tried to stamp it out.  What a dreadful thought?

The original source quotes pretty wise words. “Full ban is impossible and would cause a transformation to a dark market”

We’ve seen enough roadmaps to know that they aren’t used.

Insider information states, Russian Government and United States of America will soon do a cryptocurrency ban.

So they bought during the dip when they announced they would ban few days ago

Cryptocurrency is fixing the problems of traditional currencies by putting power & responsibility in the currency holders hands.

This will happen all over the world to regulate crypto and make it completely legal.

I am willing to be regulated by my Hero Vladimir Putin Strongest Man on Earth.  I would use Bitcoin to buy Russian Vodka, and even visit Russia using  BTC.

If they were not planning to invade the Ukraine, I would almost say the Russians are damn smart.

Amazing how quickly they came up with a solution. It makes the US look like a bunch of incompetent fools.

Web3, the metaverse, cryptocurrencies, and NFTs will all play a pivotal role in the next era of the internet.