It seems a real shame that by banning it they will probably force people to break the law. This means they will then tell the world, look we told you it was dodgy.
They should embrace it and not drive it's use underground.
Topic: [2014-02-04] BTC-e Downplays Concerns of New Russian Criminal Investigation - page 2. (Read 5917 times)
February 04, 2014, 04:40:30 AM
February 04, 2014, 04:37:26 AM
http://www.coindesk.com/btc-e-concerns-russian-criminal-investigation/
When I quoted the news that Bitcoin is banned in Russia, some people instructed me to "stop spreading FUD". In their opinion, Bank of Russia issued just another boring "warning" similar to other world central banks. Well, recent events in Russia just confirm my initial take. All the above-ground businesses in Russia that accepted (or previously had plans to accept) cryptocurrency already made statement that they stopped accepting it. Officials indicated that any business either accepting or exchanging currency will be prosecuted for "money laundering and terrorism financing".
Now, this "warning" turned into a legal action - major bitcoin exchanges in Russia are under criminal investigation. Anyone who thinks that anonymity of BTC-E owners Alexey and Alexander will protect them from FSB knocking on their doors in the next few weeks is seriously delusional. Unless they flee the country of course like most other Russian trouble-makers already did.
It is obvious that the decision of ruling Russian clique is to "kill cryptocurrencies in Russia". While I have doubts about their final success, I expect them to make a very serious effort. Let's see if the power that broke the back of political opposition that involved millions of people will be able to deal with a handful of cryptonerds and their "virtual money" as Bank of Russia put it...
When I quoted the news that Bitcoin is banned in Russia, some people instructed me to "stop spreading FUD". In their opinion, Bank of Russia issued just another boring "warning" similar to other world central banks. Well, recent events in Russia just confirm my initial take. All the above-ground businesses in Russia that accepted (or previously had plans to accept) cryptocurrency already made statement that they stopped accepting it. Officials indicated that any business either accepting or exchanging currency will be prosecuted for "money laundering and terrorism financing".
Now, this "warning" turned into a legal action - major bitcoin exchanges in Russia are under criminal investigation. Anyone who thinks that anonymity of BTC-E owners Alexey and Alexander will protect them from FSB knocking on their doors in the next few weeks is seriously delusional. Unless they flee the country of course like most other Russian trouble-makers already did.
It is obvious that the decision of ruling Russian clique is to "kill cryptocurrencies in Russia". While I have doubts about their final success, I expect them to make a very serious effort. Let's see if the power that broke the back of political opposition that involved millions of people will be able to deal with a handful of cryptonerds and their "virtual money" as Bank of Russia put it...
In russia the banks are seen as a anemy by default , people dont trust it so they will use any mean to avoid it , dollars were forbidden by law in the 70 / 80 s but everybody wanted and accepted them.
same will happen with bitcoin.
February 03, 2014, 08:47:51 PM
I'm pretty sure the guys either already left Russia, or have a good plan how to do that in case of emergency.
As for crypto currency future in Russia - well.. It's not the first time something is prohibited in Russia. It will somewhat limit it's usefulness for legal purposes, but wouldn't limit it's expansion and all sorts of illicit use.
As for crypto currency future in Russia - well.. It's not the first time something is prohibited in Russia. It will somewhat limit it's usefulness for legal purposes, but wouldn't limit it's expansion and all sorts of illicit use.
February 03, 2014, 08:10:46 PM
http://www.coindesk.com/btc-e-concerns-russian-criminal-investigation/
When I quoted the news that Bitcoin is banned in Russia, some people instructed me to "stop spreading FUD". In their opinion, Bank of Russia issued just another boring "warning" similar to other world central banks. Well, recent events in Russia just confirm my initial take. All the above-ground businesses in Russia that accepted (or previously had plans to accept) cryptocurrency already made statement that they stopped accepting it. Officials indicated that any business either accepting or exchanging currency will be prosecuted for "money laundering and terrorism financing".
Now, this "warning" turned into a legal action - major bitcoin exchanges in Russia are under criminal investigation. Anyone who thinks that anonymity of BTC-E owners Alexey and Alexander will protect them from FSB knocking on their doors in the next few weeks is seriously delusional. Unless they flee the country of course like most other Russian trouble-makers already did.
It is obvious that the decision of ruling Russian clique is to "kill cryptocurrencies in Russia". While I have doubts about their final success, I expect them to make a very serious effort. Let's see if the power that broke the back of political opposition that involved millions of people will be able to deal with a handful of cryptonerds and their "virtual money" as Bank of Russia put it...
When I quoted the news that Bitcoin is banned in Russia, some people instructed me to "stop spreading FUD". In their opinion, Bank of Russia issued just another boring "warning" similar to other world central banks. Well, recent events in Russia just confirm my initial take. All the above-ground businesses in Russia that accepted (or previously had plans to accept) cryptocurrency already made statement that they stopped accepting it. Officials indicated that any business either accepting or exchanging currency will be prosecuted for "money laundering and terrorism financing".
Now, this "warning" turned into a legal action - major bitcoin exchanges in Russia are under criminal investigation. Anyone who thinks that anonymity of BTC-E owners Alexey and Alexander will protect them from FSB knocking on their doors in the next few weeks is seriously delusional. Unless they flee the country of course like most other Russian trouble-makers already did.
It is obvious that the decision of ruling Russian clique is to "kill cryptocurrencies in Russia". While I have doubts about their final success, I expect them to make a very serious effort. Let's see if the power that broke the back of political opposition that involved millions of people will be able to deal with a handful of cryptonerds and their "virtual money" as Bank of Russia put it...
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