Free publicity for bitcoin in Russia
also I wonder what will be the news in the near future?
"Housewife arrested for saving 5 BTC in electronic wallet?"
Woow really?
Topic: [2014-02-06] Now official: using Bitcoins is completely illegal in Russia - page 5. (Read 10886 times)
February 06, 2014, 02:51:24 PM
February 06, 2014, 02:22:27 PM
If I understand correctly it is also illegal to conduct trade in Russia between a Russian individual and / or legal entity and another Russian individual and / or legal entity in USD, EUR etc., so in effect this places Bitcoin in a similar position to that of USD, EUR etc.
Correct, it is illegal to trade, transact or deal in foreign currencies in Russia - unless one party to such deal is a properly licensed financial entity. There are multiple bank exchange offices everywhere in Russia, so exchange between foreign currency and rubles is not a problem.
Situation is completely different for cryptocurrencies. Since Bank of Russia specifically prohibited financial entities from touching cryptocurrencies, any kind of Bitcoin use is now considered illegal for anyone. There was no statement on the legality of their ownership just yet.
February 06, 2014, 02:13:32 PM
If I understand correctly it is also illegal to conduct trade in Russia between a Russian individual and / or legal entity and another Russian individual and / or legal entity in USD, EUR etc., so in effect this places Bitcoin in a similar position to that of USD, EUR etc.
February 06, 2014, 02:08:47 PM
Being extensively covered in Russian press right now:
http://bitnovosti.com/2014/02/06/genprokuratura-fsb-mery-protiv-bitcoina
http://top.rbc.ru/economics/06/02/2014/903864.shtml
http://rus.ruvr.ru/news/2014_02_06/Genprokuratura-Bitcoin-i-drugie-kriptovaljuti-ne-mogut-hodit-v-obrashhenii-v-RF-3998/
http://tjournal.ru/paper/operation-antibitcoin
http://moneynews.ru/News/18462/
http://news.mail.ru/politics/16837191/
http://bitnovosti.com/2014/02/06/genprokuratura-fsb-mery-protiv-bitcoina
http://top.rbc.ru/economics/06/02/2014/903864.shtml
http://rus.ruvr.ru/news/2014_02_06/Genprokuratura-Bitcoin-i-drugie-kriptovaljuti-ne-mogut-hodit-v-obrashhenii-v-RF-3998/
http://tjournal.ru/paper/operation-antibitcoin
http://moneynews.ru/News/18462/
http://news.mail.ru/politics/16837191/
February 06, 2014, 02:01:25 PM
http://genproc.gov.ru/smi/news/genproc/news-86432/
Googletranslated with some clean-up:
Googletranslated with some clean-up:
Quote
General Prosecutor's Office of the Russian Federation held a joint meeting on the legality of the anonymous payment systems and cryptocurrencies
February 6, 2014 , 16:19 Prosecutor General
Monitoring the situation of the so-called anonymous virtual currencies (cryptocurrencies) shows a growing interest using them for the purpose of money laundering of proceeds from crime.
In this regard, the General Prosecutor of the Russian Federation held a group meeting of the Interagency Working Group on combating crimes in the sphere of the economy devoted to the prevention of use of anonymous payment systems and cryptocurrencies on the territory of Russian Federation. Meeting was chaired by Chief of the supervision of the execution of federal law Anatoly Palamarchuk.
This group consisted of Deputy Chairman of the Central Bank of Russia Dmitry Skobelkin, head of Bank of Russia financial crime prevention, as well as officials of the FSB (Russian FBI) and the Russian Interior Ministry, central staff of the General Prosecutor of Russia.
In accordance with Art.27 of the Federal Law "On the Central Bank of the Russian Federation", the only allowed currency for circulation in the Russian Federation is the ruble. Introduction on the territory of Russia of other monetary units or money substitutes is illegal. Distributed anonymous payment systems and cryptocurrencies, including the most famous of them - Bitcoin are deemed money substitutes and are illegal for use by either individuals or legal entities (companies).
The distinguishing feature Bitcoin and similar virtual currencies are anonymity and lack of real value. Its price is determined solely by speculative actions that entails high financial risks, as a consequence its trading is a violation of the statutes both for citizens and organizations. The owners of cryptocurrencies in Russia are denied any means of legal protection in courts or administrative entities.
Following the meeting, outlining specific joint actions of the Bank of Russia and law enforcement to prevent criminal violations in the sphere of money circulation in Russia, a number of specific measures is approved aimed at preventing such violations of citizens and organizations associated with the use cryptocurrencies. Taking into account international experience, commission identified further areas for legal regulation and enforcement in this sector.
Development of the situation and the enforcement of the above mentioned measures will be discussed at the next group meeting.
February 6, 2014 , 16:19 Prosecutor General
Monitoring the situation of the so-called anonymous virtual currencies (cryptocurrencies) shows a growing interest using them for the purpose of money laundering of proceeds from crime.
In this regard, the General Prosecutor of the Russian Federation held a group meeting of the Interagency Working Group on combating crimes in the sphere of the economy devoted to the prevention of use of anonymous payment systems and cryptocurrencies on the territory of Russian Federation. Meeting was chaired by Chief of the supervision of the execution of federal law Anatoly Palamarchuk.
This group consisted of Deputy Chairman of the Central Bank of Russia Dmitry Skobelkin, head of Bank of Russia financial crime prevention, as well as officials of the FSB (Russian FBI) and the Russian Interior Ministry, central staff of the General Prosecutor of Russia.
In accordance with Art.27 of the Federal Law "On the Central Bank of the Russian Federation", the only allowed currency for circulation in the Russian Federation is the ruble. Introduction on the territory of Russia of other monetary units or money substitutes is illegal. Distributed anonymous payment systems and cryptocurrencies, including the most famous of them - Bitcoin are deemed money substitutes and are illegal for use by either individuals or legal entities (companies).
The distinguishing feature Bitcoin and similar virtual currencies are anonymity and lack of real value. Its price is determined solely by speculative actions that entails high financial risks, as a consequence its trading is a violation of the statutes both for citizens and organizations. The owners of cryptocurrencies in Russia are denied any means of legal protection in courts or administrative entities.
Following the meeting, outlining specific joint actions of the Bank of Russia and law enforcement to prevent criminal violations in the sphere of money circulation in Russia, a number of specific measures is approved aimed at preventing such violations of citizens and organizations associated with the use cryptocurrencies. Taking into account international experience, commission identified further areas for legal regulation and enforcement in this sector.
Development of the situation and the enforcement of the above mentioned measures will be discussed at the next group meeting.
Jump to: