Russia in the World of Cryptocurrency

Russia, the largest country in the world, which has 17,075,400 square kilometers. From Moscow to St. Petersburg (St. Petersburg in particular has a very beautiful architectural work called "The perfect street" and which in my opinion is a pleasure to behold) and, in general, all of Russia is a great source of income due to the great tourism that visitors give to Russia every year. It is one of the coldest countries in the world, especially in winter, and it is believed that it is one of the countries that have one of the most beautiful views in the world when it is seen that the plains and the snowy mountains melt slowly when spring arrives to this great country. Russia has one of the largest and most important museums in the world called "The Ermitage Museum" which is inside "The Winter Palace". It has a hymn that in my opinion is unique, the patriotic song of Gilinka is one of the most beautiful and impressive hymns that I have heard throughout my life and it is possible that your skin bristles to the point of reaching emotion, besides arising an indescribable patriotic feeling.

The Russian government has a very remarkable knowledge of the cryptocurrencies, and as I have seen, it has taken the same decision of Venezuela which was the launch of its own cryptocurrencie, (In the case of Venezuela, the PETRO will take effect of a possible pre - sale in the first days of next February), which has the name "CryptoRublo", it must be understood that for Russia to create a cryptocurrencie would be practically insurance against the threats of being disconnected from the money transfer network called SWIFT ( "Society for Worldwide Interbank Financial Telecommunication" in a few words is an organization that is in charge of an international network of financial communications between banks and other financial entities), as has already happened with Iran and North Korea, that is, the use of CryptoRublo it will allow almost instantaneous transactions within Russia without the use of SWIFT. A few weeks ago, Sberbank (the largest bank in Russia and perhaps in Western Europe) carried out its first blockchain transaction with Alfa-Bank, which was a test for a future payment system based on cryptography.

The vice president of the central bank of Russia, Olga Skorobogatova, commented at a conference of the St. Petersburg International Economic Forum "Regulators of all countries have come to the conclusion that it is necessary to make a virtual national currency is the future." President Vladimir Putin after an exhaustive meeting with the Russian high command officially declared the launching of the CryptoRublo in Russia, however, this currency cannot be mined and will be maintained, issued and controlled by the country's authorities, so in this point has created a fully centralized currency and in turn has killed the reliability, and as announcement Nikolai Nikiforov (Minister of Communications and Media of the Russian Federation) "While the announcement means that Russia will enter the world of the cryptomoneda, it is not in no way an affirmation or legalization of BTC, ONION or any other decentralized cryptocurrency. On the contrary, Putin recently called for a complete ban on cryptocurrencies within Russia "and that's not all, besides the CryptoRublo can be changed at any time by conventional rubles, however, a tax of 13% will be imposed on all that citizen of Russia who cannot use justify the origin of the CryptoRublos and for the transactions of purchase and sale, the people will have to pay a commission of 13% of the difference obtained.

As I have seen, cryptocurrency mining in that part of the world is very remarkable, "the capital of cryptocurrencie" in Russia is the city of Irkutsk, in Siberia, for its very cheap rates on electricity prices, but apparently , since last year they have been talking about a definitive ban on the mining of cryptocurrencie, which will undoubtedly affect the miners of the ONION and therefore its value, possibly this ban will come into force in July 2018, according to the president Russia's Vladimir Putin which issued it in a press release, but a total ban on electronic currency would mean taking away access to approximately 1.2 million Russians, which would generate enormous anger from all investors located in Russia . In addition, Alexei V. Moiseev (Deputy Minister of Finance of the Russian Federation) expressed in a report, that it could contain a criminal punishment, and from what I have been able to see it could be approximately 7 years, however, this same person stated some time later that it would be legalized although with restrictions, so being honest, the Russian government is full of contradictions in the cryptocurrency issue.

But, why is the Russian government prohibiting the extraction of cryptocurrencies? In response to this question, the Government alleges that it is due to the various fires caused by the high temperatures at which the mining machinery arrived (it is a bit compressible and makes sense).

The first vice president of the Central Bank of Russia, indicated that they would close websites where the acquisition of cryptocurrencies was promoted, considering them as a negative development of the Russian market and not only that, they also consider implementing taxes as Olga Skorobogátova commented "Like any economic activity the mining of crypto currencies must be subject to the tax framework ", however, what we see in these actions is the ailment that the central banks of the whole world have when they feel the threat of losing the monopoly that they have in the economic section and what hurts them not being able to take advantage of the use of the cryptocurrencies of their citizens.

As a conclusion and in my personal opinion, the creation of a cryptocurrencie for a country is a very risky strategy, for countries that suffer from constant sanctions from the West in the economic sphere such as Venezuela, Russia, Iran, North Korea or any other country that has these problems. In other words, the implementation of a crypto as a national currency has several benefits, however, it also has several problems, among one of the benefits for which it is worthwhile, is to get rid of the Western domain, that is, stop playing in the rules established in Frankfurt, Washington or London. Among one of the problems, that we can see every day and that without a doubt everyone who is in trading or at least has a basic knowledge of the world of cryptocurrencies is the enormous volatility they have, so it is basically a sword double-edged, in addition, the actions being put by the Government of Russia is negatively affecting all cryptomonedas including ONION, In addition, it continually contradicts itself.