This is the beauty to me of emerging market countries is that they are la la land when it comes to actually enforcing regulations and taxes... compared to say the EU where their is rules for everything and fairly serious tax enforcement. To me the best way to be is a business that sells to the first world developed markets where you can make serious money but live in the developing world where you have much less paperwork and bs.
I am afraid that you are remarkably underestimating the Russian government oppressive power (or you are lacking the information about).
This is not correct. It heavily depends on where you live. Do not forget that only ~40 (IIRC) countries introduced some sanctions against Russia. In the rest of the world, business with Russia is running. The disconnection of majority of Russian banks from SWIFT is a problem; but solvable. (Do not forget that an international trade is much, much older than SWIFT.)
What P2P trader? Russian? Yes, now it is probably possible. And probably even after the abovementioned ban, as the ban targets only using crypto for payments, investing in crypto is still allowed ”“ if I read correctly.
It's funny to read people's thoughts about Russia. It's simpler than you think. In Russia, it only takes an hour to exchange btc for cash. We have a lot of people doing the exchanging.
Well, my thoughts are based on some experience 🙂
We are not in contradiction. Investing to crypto and converting it to fiat is not banned even now ”“ and it goes well.
🙂 Well, I do not think that any inhabitant of a Russian village knows it; but I (hopefully) understand what you mean 🙂
Probably yes ”“ but I do not believe that they will use crypto for the regular payments processing, if the ban is enforced.
from where do you know everything? have you lived in Russia? judging by the ip, you're in Asia
🙂 I definitely do not know everything. Just the opposite. The more I learn, the more I found being lacking 😉
Honestly, not for a sufficiently long time, I think. But people close to me lived there for years.
🙂 False judgement. Not at all...
The problem you have when you sell to the first developed country is that their currencies are very weak, so you really have to sell a lot to make good money. I prefer to sell on the dollarized market. If you have some advices on how to fight the problem that I said I am curious about it?
Corruption in Ukraine? Is this what you are insinuating? rof/%
One little detail it seems to be missing. Is that this ban is imposed only on transactions within a country. Their gov wanted to permit cross border settlements in crypto. Seems to be one sided article
