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Topic: [2014-02-16] First Bitcoin conference in Russia (Read 1085 times)

newbie
Activity: 6
Merit: 100
February 19, 2014, 10:47:33 AM
#17
I doubt the conference will take place one more time because bitcoins are declared to be illegal there
No, they were not.
newbie
Activity: 6
Merit: 100
Sure, here's a Russian text from reputable techblog: http://habrahabr.ru/post/212369/
And also on the other reputable Russian Bitcoin site analysis from lawyers: http://btcsec.com/cbr_about_bitcoin/
Seems to me they are only speculating that they know better than the Russian central bank how to interpret the legal meaning of the Russian equivalent of cash. Even if they are theoretically right it wouldn't matter if Putin is leaning on the courts to make them agree with the central bank's interpretation. Unless he doesn't care and powerful people behind the scenes disagree with the central bank, it will probably still win. In the end it's all about who knows who, and Putin is unlikely to let anyone who aren't good friends control anything as powerful as the central bank.

It's not a speculation, anyone at least touching the law would tell you that it's out of Central Banks authority. Why? Because Russian laws are simply ARCHAIC. A law regarding electronic money in Russia has been issued few months ago - FEW MONTHS. And it's tailored for Webmoney and Paypal (e.g. puts regulatory pressure on local Russian business like rbk.money and yandex.money while allowing offshores like webmoney and paypal cash-in without problems)... They did not expect nor write a law regarding Bitcoins, more over, how would you write such a law? I mean theoretically all laws regarding Bitcoin is just speculation, because it's just a sequence of numbers/hash and you can't arrest for random string... They only can go after the banking entry point, but still how? I don't know, it's not a weapon and untraceable.
newbie
Activity: 55
Merit: 0
I doubt the conference will take place one more time because bitcoins are declared to be illegal there
legendary
Activity: 1284
Merit: 1001
Dont be supprised as powerfull people DISAGREE with cental banks!
The assumption thats banks and govrnments are one is a grose misconseption.
It doesn't matter how powerful they are in Russia. If they disagree with Putin they end up in jail or dead.
legendary
Activity: 980
Merit: 1000
CryptoTalk.Org - Get Paid for every Post!
Sure, here's a Russian text from reputable techblog: http://habrahabr.ru/post/212369/
And also on the other reputable Russian Bitcoin site analysis from lawyers: http://btcsec.com/cbr_about_bitcoin/
Seems to me they are only speculating that they know better than the Russian central bank how to interpret the legal meaning of the Russian equivalent of cash. Even if they are theoretically right it wouldn't matter if Putin is leaning on the courts to make them agree with the central bank's interpretation. Unless he doesn't care and powerful people behind the scenes disagree with the central bank, it will probably still win. In the end it's all about who knows who, and Putin is unlikely to let anyone who aren't good friends control anything as powerful as the central bank.

Dont be supprised as powerfull people DISAGREE with cental banks!
The assumption thats banks and govrnments are one is a grose misconseption.

legendary
Activity: 1284
Merit: 1001
Sure, here's a Russian text from reputable techblog: http://habrahabr.ru/post/212369/
And also on the other reputable Russian Bitcoin site analysis from lawyers: http://btcsec.com/cbr_about_bitcoin/
Seems to me they are only speculating that they know better than the Russian central bank how to interpret the legal meaning of the Russian equivalent of cash. Even if they are theoretically right it wouldn't matter if Putin is leaning on the courts to make them agree with the central bank's interpretation. Unless he doesn't care and powerful people behind the scenes disagree with the central bank, it will probably still win. In the end it's all about who knows who, and Putin is unlikely to let anyone who aren't good friends control anything as powerful as the central bank.
legendary
Activity: 3038
Merit: 1032
RIP Mommy
The theoretical lesbian duo t.A.T.u. (who I love) performed at Sochi, so a bitcoin conference in Russia also has to be theoretical, and it will be fine.
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
The article was actually posted on February 5 and not today. That was before Russia declared bitcoins to be illegal. I doubt the conference will take place.
Makes me sick when people spread misinformation around here.

I'm sorry if what I wrote was wrong. Are you saying that this news report is wrong?

(Reuters) - Russian authorities have issued warnings against using Bitcoin, saying the virtual currency could be used for money laundering or financing terrorism and that treating it as a parallel currency is illegal.

"Systems for anonymous payments and cyber currencies that have gained considerable circulation - including the most well-known, Bitcoin - are money substitutes and cannot be used by individuals or legal entities," the Russian Prosecutor General's Office said on February 6.

It added that Russian law stipulates that the rouble is the sole official currency and that introducing any other monetary units or substitutes was illegal.

Russian Prosecutor General's Office is not responsible for interpretation of the laws in Russia - the courts are responsible for that. According to the Russian law money substitutes are forbidden ONLY IN PAPER FORM, bitcoins don't have paper form.

This is something great u r talking about. This is probably the reason of this => https://bitcointalksearch.org/topic/so-many-russians-are-using-bitcoin-468101

Can u plz provide some doc/media report that substantiate uR claim ?
legendary
Activity: 1284
Merit: 1001
According to the Russian law money substitutes are forbidden ONLY IN PAPER FORM, bitcoins don't have paper form.
[citation needed]
legendary
Activity: 4466
Merit: 3391
The article was actually posted on February 5 and not today. That was before Russia declared bitcoins to be illegal. I doubt the conference will take place.
Makes me sick when people spread misinformation around here.

I'm sorry if what I wrote was wrong. Are you saying that this news report is wrong?

(Reuters) - Russian authorities have issued warnings against using Bitcoin, saying the virtual currency could be used for money laundering or financing terrorism and that treating it as a parallel currency is illegal.

"Systems for anonymous payments and cyber currencies that have gained considerable circulation - including the most well-known, Bitcoin - are money substitutes and cannot be used by individuals or legal entities," the Russian Prosecutor General's Office said on February 6.

It added that Russian law stipulates that the rouble is the sole official currency and that introducing any other monetary units or substitutes was illegal.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Russia did not declare it illegal.

Moreover the ruling by central bank has no legal backbone... It's just bullshit scaremongering sheet of paper.

Still I don't see that making the conference more attractive.

Go to the xyz Bitcoin conference and have a good time vs go to the Russian Bitcoin Conference and possibly end up arrested.
full member
Activity: 131
Merit: 100
The article was actually posted on February 5 and not today. That was before Russia declared bitcoins to be illegal. I doubt the conference will take place.


Makes me sick when people spread misinformation around here.
legendary
Activity: 4466
Merit: 3391
The article was actually posted on February 5 and not today. That was before Russia declared bitcoins to be illegal. I doubt the conference will take place.
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