Topic: Bitcoin Banned in Russia - page 2. (Read 9472 times)

Russia was always strict, against innovation (if it wasn't military), and had no respect for human rights. Don't expect bitcoin support from them, they are not far from North Korea with this.
You protest against anything, they will beat it out of you.

very swiftly and decisively, they will shut down a lot of stuff in a few hours once the go ahead is given. If they feel it is a threat, it will be terminated with extreme prejudice on an almost military scale. 

1. lol @ russia
2. lol @ laws
3. lol @ russian laws
4. ya. bitcons are banned in russia. cuz they said so.

So it s the same official statement that I referred to. The statement is (if Google translate is right):
--
Central Bank of the Russian Federation (Bank of Russia)

Press office

107016, Moscow, ul. Neglinnaya 12, tel.: +7 495 771-44-17, 771-4669, fax: +7 495 771-49-32; www.cbr.ru





Information

On the use in transactions "virtual currency", in particular, Bitcoin


The Bank of Russia said that recently in the world have a certain distribution of the so-called "virtual currency", in particular, Bitcoin. By "virtual currencies" and there is no provision for them legally obliged entities. These operations are speculative in nature, carried out on the so-called "virtual exchanges" and carry a high risk of loss of value.

The Bank of Russia warns citizens and legal entities, primarily credit institutions and non-credit financial institutions, the use of "virtual currency" for them in exchange for goods (works, services) or cash in rubles and foreign currency.

According to article 27 of the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)" issue in the Russian Federation monetary surrogates prohibited.

Due to the anonymous nature of the activity for the production of "virtual currency" unlimited range of actors and to use them for transactions citizens and legal persons may be, including unintentionally involved in illegal activities, including the legalization (laundering) of proceeds from crime and terrorist financing.

The Bank of Russia has warned that Russian legal entities providing services for the exchange of "virtual currency" in rubles and foreign currency, as well as for goods (works, services) will be considered as a potential involvement in the implementation of suspicious transactions in accordance with the legislation on counteraction to legalization (laundering) proceeds of crime and financing of terrorism.
--

It says 3 things basically:
1- warning against the use of "virtual currencies"
2- there is no possible use of money surrogate (surrogate meaning replacing the rubble here)
3- exchanging virtual currency will be considered as a potential involvement in suspicious transactions.

We are already used to 1-
2- is nothing new and bitcoin is not here to replace the rubble.
3- is I agree harsh but as long as you are not dealing with the mafia, it should be ok (I concede: easier to say than to do in Russia).

So there is no clear statement that says -“The anonymous payment systems and crypto-currencies, including bitcoin – which is the most popular of them – are monetary surrogates. As such, their use by private citizens or legal entities is not allowed." - so far.
I may be wrong though.

And even if that statement exists, they have yet to make a law that bans bitcoins and crypto clearly.
It looks to me that they are preparing laws that would do the opposite legalizing cryptos by regulating them.

Forbidding cryptos would be an act of dictatorship. I don t believe Russia is a totalitarian country, at that stage....

looks like you're wrong. text harder next time.

http://cbr.ru/press/PR.aspx?file=27012014_1825052.htm

This is article from coindesk -http://www.coindesk.com/btce-pulls-support-ruble-russia-bans-bitcoin/- states clearly that Russia has banned cryptos in the country.

“The anonymous payment systems and crypto-currencies, including bitcoin – which is the most popular of them – are monetary surrogates. As such, their use by private citizens or legal entities is not allowed."

Anyone has the original source in Russian?

has anyone seen the new Max Keiser report show? or RT show?

In Soviet Russia, Bitcoin bans You!

Oleg, more vodka!!

 

Now there's a worrying thought!

Perhaps Russia will be making the transition to MaxCoin?  

Considering Putin actually employs Max Kieser on his state owned propaganda channel Russia Today, I'm surprised he isn't more sympathetic to Bitcoin lol!!

I wrote this in a new thread - too bad Mr putin do not understand what opportunity he is missing out on

I have been playing with this thought a few days.

So everyone that follows Putins politics clearly understands his goals and ambitions by now, to rebuild russia as an empire and super power and to stand against US and EU on any global issue (snowden, syria, ukraine the list goes on and on) to show his muscles. One can have opinions about how stupid, retarded, illiterate and counterproductive he is about going at it, but no one neglects his ambitions.

So it's very pity and a shame that he really do not have any technical /economical advisor that understands the potential of Btc and really can explain to him where bitcoin can play a global role to diminish usd power.

If he really understood the damage a world wide adoption of bitcoin can do to the financial system ( which in large is controlled by american institutions and USD ) and how he can help accelerate and stimulate this development by creating a safe heaven in russia I'm 150% confident he would do it. He would go all in.  Russia has nothing to lose, american instituions control the financial system of the world, usd is the global currency of the world and russia has nothing to loose if bitcoin would to take over the world.

And its quite easy -create a safe heaven for any company and project related to bitcoin, it will create ten and hundred thousands of jobs in Russia.

Andreas you need to talk to Mr Putin.

Anyone close to Putin, PLease let Andreas make 1 hour pitch to him. Putin would die for the opportunity to take down usd.

I can see you always mention that altcoin in every posts.
But too bad, your plan doesn't work 

I would say its very sad.

I had a discussion over bitcoin be backed by something like gold just like XNF-NoFiatCoin.

Having no backing and no one there to look about bitcoin makes it very attractive to money launders and drug traffickers.

There will always be doubts over bitcoin future. I think in today's time anything is possible so why not to back it by something which will give it more credibility and general acceptance.

Bitcoin isn't banned until PGP and GnuPG are banned as well.

If Bitcoin is really banned in Russia how come such a large Russian company as WebMoney (webmoney.ru) is still using bitcoins? They still allow deposits to and withdrawals from WMX (mBTC) with no change at all in the recent weeks.

These countries are enjoying the growth from creating wealth through increasing FIAT numbers by creating more debt based future credits.

The next events I will see the crisis of FOREX rate and more currency swap deals.  But currency swap deals is too expensive as compared to BTC network.

http://www.coindesk.com/russias-largest-bank-backs-bitcoin/

So watching closely for political fight on who control the money now in Russia. 

indeed. whether rt or reuters, it seems that they are playing with disinfo all over the place.
Indonesia has not banned bitcoin or cryptos.
they have neutralized their position by saying that they regard them as commodities which does not change anything because of cryptos' polymorphism.
Cryptos cannot be banned because of their polymorphism.

In mother Russia, any law can be enforced!


... with sufficient ammo.