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Deputy Finance Minister of Russia Compared Bitcoin and "Monopoly"

Wed Sep 27, 2017 12:10 am

The Deputy Finance Minister of Russia, Alexei Moiseyev, recently stated payments with Bitcoin will not be legalized in Russia and making transactions via Bitcoin should be considered similar to playing the board game “Monopoly”.

He stated:

"I encourage all your readers to pay attention to this: you have rights to buy real estate, for example, for the cards from Monopoly, but thus you are deprived of any legal protection, and you also violate the constitutional principle that the national the currency is the ruble.”

The full article: https://coinidol.com/deputy-finance-min ... -monopoly/

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Re: Deputy Finance Minister of Russia Compared Bitcoin and "Monopoly"

Tue Oct 10, 2017 2:18 am

I have lots of real estate in the US that I will gladly sell on bitcoin

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Re: Deputy Finance Minister of Russia Compared Bitcoin and "Monopoly"

Mon Dec 25, 2017 12:21 pm

Yes, it's interesting news but I don't think it's still relevant. They will also develop their own cryptocurrency. Any country will to cryptocurrency sooner or later.

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Re: Deputy Finance Minister of Russia Compared Bitcoin and "Monopoly"

Mon Dec 25, 2017 4:09 pm

I'm not familiar with the regulatory structure in Russia, but I'm curious about how a transaction could be considered invalid if there's a contract drawn up stating that the compensation will be in cryptocurrencies.

In some countries, for example, it's common to do a "house swap" where you draw up a contract to swap two houses of similar value (with perhaps a small monetary compensation for one party). How would this be different to a sale facilitated through Bitcoin?

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Re: Deputy Finance Minister of Russia Compared Bitcoin and "Monopoly"

Sat Dec 30, 2017 5:55 pm

Are they try to manipulate the prices again?
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