Topic: A 7-Yr Prison Term for Bitcoin Use, Says Russian Finance Ministry - page 5. (Read 3195 times)
March 11, 2016, 09:23:29 AM
This will essentially ensure it becomes Russia's black market currency.
March 11, 2016, 09:20:28 AM
Yeah they also have prison time for weed over there and are pretty harsh on it but people still use weed. I think the news is bullish as it shows the reasons why we need bitcoin in the first place. I know BTC-e has blocked russians so it must be pretty serious though.
People risk prison time with weed because they either make money from it or it makes them feel good. Why bother using a type of money that no one else is gonna accept? There's a ton of legal options. You can't say the same for weed.
March 11, 2016, 09:12:14 AM
wait last time i've checked russis were heading to accept bitcoin and regulate it? so this must be only a vaporware proposal nothing to worry about
it will never be accepted
it will never be accepted
exactly this.
unless i hear from someone who lives in Russia right now and can vouch for this news, or i can read the news in Russian on a russion news website i wouldn't believe what i read. especially on cryptocoinsnews
Yes, I agree 100%.
We need an info from a russian forum member if this is correct or not.
March 11, 2016, 09:08:24 AM
wait last time i've checked russis were heading to accept bitcoin and regulate it? so this must be only a vaporware proposal nothing to worry about
it will never be accepted
it will never be accepted
exactly this.
unless i hear from someone who lives in Russia right now and can vouch for this news, or i can read the news in Russian on a russion news website i wouldn't believe what i read. especially on cryptocoinsnews
March 11, 2016, 09:01:14 AM
wait last time i've checked russis were heading to accept bitcoin and regulate it? so this must be only a vaporware proposal nothing to worry about
it will never be accepted
it will never be accepted
if I'm not mistaken, I also read a thread
said that there are over 100 shops
accept bitcoin in Russia. so I think it's
still not true at all. I mean it's not really
accepted yet
March 11, 2016, 08:57:27 AM
normal well behaving people that use bitcoin will end up in prison for using bitcoin, yeah right. this looks like a very early april fools joke from the russian ministry.
March 11, 2016, 08:51:02 AM
Every week we have different news about bitcoin law development on Russia, some weeks says that laws will allow bitcoin, some weeks says that bitcoin users will have 4 years of prison. I think that Russian government needs to clarify witch is its position about bitcoin. And newspapers need to wait for official news, not writing about rumors.
March 11, 2016, 06:51:00 AM
What is this for real? 4 years in prison for the personal use of Bitcoin? I think is just too excessive of a ruling hopefully they won't pass the bill.
March 11, 2016, 05:18:52 AM
wait last time i've checked russis were heading to accept bitcoin and regulate it? so this must be only a vaporware proposal nothing to worry about
it will never be accepted
it will never be accepted
Exactly. One day you hear quite bullish news coming from Russia, and the other day they put you in the prison for using Bitcoin. I just laugh at these news articles. You can't believe any of this anymore. All these news articles with Russia in it should be taken with a truckload of salt.
March 11, 2016, 05:10:37 AM
I don't think we should be trusting this news unless its coming from a legit source.The blog will make news out of any bullshit ,
If that ever happens,its time for all the Russians exchanges to shut down.
yeah i have been read about this before,i'm not sure if this rule and penalty already applicated in russia,because so many people from russia still axist and have no worry about this,i hope other country like china and US not do this,so scary if that happen. Quote
The revelation came via a source for Interfax, a non-governmental news agency in Russia.
Quote
For normal citizens and individuals:
A penalty of up to 500,000 rubles (approx. $7000 USD)
A penalty of up to 500,000 rubles (approx. $7000 USD)
Quote
For organized groups of bitcoin enthusiasts/miners:
A penalty of 1 million rubles. (approx. $14,000 USD)
A penalty of 1 million rubles. (approx. $14,000 USD)
Quote
For executives or managers at financial institutions such as banks, insurance companies, pension funds, traders etc., the punishment goes up by a few notches.
A penalty between 1 million to 2.5 million rubles.
A penalty between 1 million to 2.5 million rubles.
If that ever happens,its time for all the Russians exchanges to shut down.
March 11, 2016, 04:15:02 AM
A new amendment to the Criminal Code by the Ministry of Finance in Russia sees the regulator – for the use of bitcoin – propose up to 7 years in prison for management and executives of banks and financial services firms. For the everyday citizen adopting bitcoin, the proposed term for imprisonment is 4 years.
SOURCE: https://www.cryptocoinsnews.com/a-7-yr-prison-term-for-bitcoin-use-says-russian-finance-ministry/
SOURCE: https://www.cryptocoinsnews.com/a-7-yr-prison-term-for-bitcoin-use-says-russian-finance-ministry/
Yeah they also have prison time for weed over there and are pretty harsh on it but people still use weed. I think the news is bullish as it shows the reasons why we need bitcoin in the first place. I know BTC-e has blocked russians so it must be pretty serious though.
March 11, 2016, 03:59:20 AM
I don't think we should be trusting this news unless its coming from a legit source.The blog will make news out of any bullshit ,
If that ever happens,its time for all the Russians exchanges to shut down.
Quote
The revelation came via a source for Interfax, a non-governmental news agency in Russia.
Quote
For normal citizens and individuals:
A penalty of up to 500,000 rubles (approx. $7000 USD)
A penalty of up to 500,000 rubles (approx. $7000 USD)
Quote
For organized groups of bitcoin enthusiasts/miners:
A penalty of 1 million rubles. (approx. $14,000 USD)
A penalty of 1 million rubles. (approx. $14,000 USD)
Quote
For executives or managers at financial institutions such as banks, insurance companies, pension funds, traders etc., the punishment goes up by a few notches.
A penalty between 1 million to 2.5 million rubles.
A penalty between 1 million to 2.5 million rubles.
If that ever happens,its time for all the Russians exchanges to shut down.
March 11, 2016, 03:53:34 AM
wait last time i've checked russis were heading to accept bitcoin and regulate it? so this must be only a vaporware proposal nothing to worry about
it will never be accepted
it will never be accepted
March 11, 2016, 03:42:20 AM
They say that they are communist but they are actually fascist..I am not surprised through.
Most of the govt. will react the same way when it comes to money matters. Govt. will never want free distributions of money in to their own economy, they want everything to be regulated. The sad part is that, we, the general people elect them to become our govt.
Most of the govt. will react the same way when it comes to money matters. Govt. will never want free distributions of money in to their own economy, they want everything to be regulated. The sad part is that, we, the general people elect them to become our govt.
March 11, 2016, 03:34:59 AM
So they want to kill the competition so that they can introduce their own coin. Not the best way to gain international acceptance of their new coin imho.
March 11, 2016, 03:01:03 AM
A new amendment to the Criminal Code by the Ministry of Finance in Russia sees the regulator – for the use of bitcoin – propose up to 7 years in prison for management and executives of banks and financial services firms. For the everyday citizen adopting bitcoin, the proposed term for imprisonment is 4 years.
SOURCE: https://www.cryptocoinsnews.com/a-7-yr-prison-term-for-bitcoin-use-says-russian-finance-ministry/
SOURCE: https://www.cryptocoinsnews.com/a-7-yr-prison-term-for-bitcoin-use-says-russian-finance-ministry/
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