or the other thread re Paypal is 'banning" bitcoin.
too much bad news for one day, time to go to bed
Topic: Bitcoin Banned in Russia - page 3. (Read 9469 times)
all in all, its probably the apple news what drives the prices down
Maybe apple news + mtgox pause bitcoin withdrawals + Russia "banned" bitcoin
sorry guys if it was a fud info, but as it come up shortly after the russian bank warning, obviously made sense to believe its truthfulness
mind you, I have no in debt knowledge of the russian politics and cant speak russian either so it is really difficult to do a research, just stumbled upon this article doing some bitcoin news research.
all in all, its probably the apple news what drives the prices down
mind you, I have no in debt knowledge of the russian politics and cant speak russian either so it is really difficult to do a research, just stumbled upon this article doing some bitcoin news research.
all in all, its probably the apple news what drives the prices down
I think a bigger question is if any laws in russia can be enforced at all. :-/
Quote
In accordance with Art. 27 of the Federal Law "On the Central Bank of the Russian Federation", "the official currency (currency) of the Russian Federation is the ruble. Introduction on the territory of Russia and other monetary units issue money substitutes is prohibited. " Certain distribution received anonymous payment systems and kriptovalyuty, including the most famous of them - Bitcoin are money substitutes and can not be used by individuals and legal entities.
the statement in red is the official and legal stance of russia.. EG ruble wont be substituted by bitcoin.
Something I've been curious about since I read this earlier. Wrt the statement in red - how is it possible then to have обмен валюта or whatever it's called (excuse my Russian) on every street corner swapping rubles for dollars or euros?
Here (http://rt.com/business/bitcoin-russia-use-ban-942/) (today's article), RT (this is in fact a Reuters news)
How is this Reuters news? The (silly) physical bitcoin photo is attributed to "Reuters / Jim Urquhart" (http://straylighteffect.com/category/about-jim-urquhart/), but the article is RT. There is no mentioning of a bitcoin "ban" in Russia on reuters.com. Just this piece of fine journalism that claims bitcoin is "banned" in Indonesia: http://uk.reuters.com/article/2014/02/06/uk-indonesia-bitcoin-idUKBREA150HV20140206
I'd say some people at RT (and everywhere else) made a few bitcoin through other people's panic sales today. :-P
cryptog1, seems you have atleast glanced beyond the media and found the meeting notes, which is good to see.
article 27 means ruble is the official currency of central banks (FIAT/legal tender), bitcoin wont replace it.
bitcoin does not want to be a replacement of FIAT/legal tender, it wants to work along side legal tender. just like russia allows euro's to be exchanged, airmiles, travelers cheques, even facebook credits..
the statement
the statement in red is the official and legal stance of russia.. EG ruble wont be substituted by bitcoin.
the statement in green is someone elses hypothesis to the meaning of the law. but infact is not law itself. it is just a statement.
the meeting was not a law making activity, it was a discussion between bankers, Russian FSB and the Russian Interior Ministry to discuss the status of bitcoin. no law has changed regarding bitcoin as of yet. but these meetings are discussion meetings which may lead to law changes in the future.
again bitcoin is not replacing the ruble, much like air miles, facebook credits, zynga coins are not replacing the ruble. as such bitcoin is not illegal.
all this meeting proves is that bitcoin seems negatively received by the russian authorities and law changes may happen. but this meeting has not changed a thing! infact the chapter 6 article 27 has not changed since 2002..
enjoy your research
article 27 means ruble is the official currency of central banks (FIAT/legal tender), bitcoin wont replace it.
bitcoin does not want to be a replacement of FIAT/legal tender, it wants to work along side legal tender. just like russia allows euro's to be exchanged, airmiles, travelers cheques, even facebook credits..
the statement
Quote
In accordance with Art. 27 of the Federal Law "On the Central Bank of the Russian Federation", "the official currency (currency) of the Russian Federation is the ruble. Introduction on the territory of Russia and other monetary units issue money substitutes is prohibited. " Certain distribution received anonymous payment systems and kriptovalyuty, including the most famous of them - Bitcoin are money substitutes and can not be used by individuals and legal entities.
the statement in red is the official and legal stance of russia.. EG ruble wont be substituted by bitcoin.
the statement in green is someone elses hypothesis to the meaning of the law. but infact is not law itself. it is just a statement.
the meeting was not a law making activity, it was a discussion between bankers, Russian FSB and the Russian Interior Ministry to discuss the status of bitcoin. no law has changed regarding bitcoin as of yet. but these meetings are discussion meetings which may lead to law changes in the future.
again bitcoin is not replacing the ruble, much like air miles, facebook credits, zynga coins are not replacing the ruble. as such bitcoin is not illegal.
all this meeting proves is that bitcoin seems negatively received by the russian authorities and law changes may happen. but this meeting has not changed a thing! infact the chapter 6 article 27 has not changed since 2002..
enjoy your research
I think you are totally right.
This is a proof of the manipulative power of media, even RT.
Here (http://rt.com/business/bitcoin-russia-use-ban-942/) (today's article), RT (this is in fact a Reuters news) states that Russia has banned Bitcoin.
But there is no reference to any official statement from the Central Bank of Russia
The last official statement is: http://cbr.ru/press/PR.aspx?file=27012014_1825052.htm
When you get the translation, it just says that the Bank of Russia is warning the citizens of Russia about the risk involved in cryptos.
Nothing new.
Indeed, as long as Bitcoin (or any crypto) is not replacing the Rubble, there should not be any problem and such a replacement won't happen within the next years.
My guess is that Russia will enact new laws about cryptos but i don t see Russian ban cryptos, especially when Russia is fed up with a growing US debt they must support by buying US bonds.
They want gold, bitcoin, reliable cryptos....much better than a petrodollar fueled by fake terrorism.
cryptog1, seems you have atleast glanced beyond the media and found the meeting notes, which is good to see.
article 27 means ruble is the official currency of central banks (FIAT/legal tender), bitcoin wont replace it.
bitcoin does not want to be a replacement of FIAT/legal tender, it wants to work along side legal tender. just like russia allows euro's to be exchanged, airmiles, travelers cheques, even facebook credits..
the statement
the statement in red is the official and legal stance of russia.. EG ruble wont be substituted by bitcoin.
the statement in green is someone elses hypothesis to the meaning of the law. but infact is not law itself. it is just a statement.
the meeting was not a law making activity, it was a discussion between bankers, Russian FSB and the Russian Interior Ministry to discuss the status of bitcoin. no law has changed regarding bitcoin as of yet. but these meetings are discussion meetings which may lead to law changes in the future.
again bitcoin is not replacing the ruble, much like air miles, facebook credits, zynga coins are not replacing the ruble. as such bitcoin is not illegal.
all this meeting proves is that bitcoin seems negatively received by the russian authorities and law changes may happen. but this meeting has not changed a thing! infact the chapter 6 article 27 has not changed since 2002..
enjoy your research
article 27 means ruble is the official currency of central banks (FIAT/legal tender), bitcoin wont replace it.
bitcoin does not want to be a replacement of FIAT/legal tender, it wants to work along side legal tender. just like russia allows euro's to be exchanged, airmiles, travelers cheques, even facebook credits..
the statement
Quote
In accordance with Art. 27 of the Federal Law "On the Central Bank of the Russian Federation", "the official currency (currency) of the Russian Federation is the ruble. Introduction on the territory of Russia and other monetary units issue money substitutes is prohibited. " Certain distribution received anonymous payment systems and kriptovalyuty, including the most famous of them - Bitcoin are money substitutes and can not be used by individuals and legal entities.
the statement in red is the official and legal stance of russia.. EG ruble wont be substituted by bitcoin.
the statement in green is someone elses hypothesis to the meaning of the law. but infact is not law itself. it is just a statement.
the meeting was not a law making activity, it was a discussion between bankers, Russian FSB and the Russian Interior Ministry to discuss the status of bitcoin. no law has changed regarding bitcoin as of yet. but these meetings are discussion meetings which may lead to law changes in the future.
again bitcoin is not replacing the ruble, much like air miles, facebook credits, zynga coins are not replacing the ruble. as such bitcoin is not illegal.
all this meeting proves is that bitcoin seems negatively received by the russian authorities and law changes may happen. but this meeting has not changed a thing! infact the chapter 6 article 27 has not changed since 2002..
enjoy your research
not sure if it has been posted before:
http://noarmycanstopanidea.com/bitcoin-banned-in-russia/
if yes please mod delete the thread.
wondering how this is behind the current price drop or mtGox?
http://noarmycanstopanidea.com/bitcoin-banned-in-russia/
if yes please mod delete the thread.
wondering how this is behind the current price drop or mtGox?
stop spreading fud that has lost its true meaning due to unintelliagent people reading the original source wrongly and then spreading the information in chinese whispers to make the facts less and less true with each passing.
the truth is that russia warn that bitcoin COULD be used for money laundering, and as such. people trading anonymously with each other COULD be trading with illegal counterparties, as such it COULD lead some people into being linked to a crime.
its a warning, not a ban.
please try looking for the information source and research before posting these FUD articles.
So this statement -“ meaning that cryptocurrencies – the most popular of which is bitcoin – cannot be used by Russian citizens or corporations.- is not accurate information or disinformation?
not sure if it has been posted before:
http://noarmycanstopanidea.com/bitcoin-banned-in-russia/
if yes please mod delete the thread.
wondering how this is behind the current price drop or mtGox?
http://noarmycanstopanidea.com/bitcoin-banned-in-russia/
if yes please mod delete the thread.
wondering how this is behind the current price drop or mtGox?
stop spreading fud that has lost its true meaning due to unintelliagent people reading the original source wrongly and then spreading the information in chinese whispers to make the facts less and less true with each passing.
the truth is that russia warn that bitcoin COULD be used for money laundering, and as such. people trading anonymously with each other COULD be trading with illegal counterparties, as such it COULD lead some people into being linked to a crime.
its a warning, not a ban.
please try looking for the information source and research before posting these FUD articles.
An even more powerful entity banned it this week too: Apple
http://money.cnn.com/2014/02/06/technology/apple-bitcoin/
they don't want competition, apparently...
http://money.cnn.com/2014/02/06/technology/apple-bitcoin/
they don't want competition, apparently...
not sure if it has been posted before:
http://noarmycanstopanidea.com/bitcoin-banned-in-russia/
if yes please mod delete the thread.
wondering how this is behind the current price drop or mtGox?
http://noarmycanstopanidea.com/bitcoin-banned-in-russia/
if yes please mod delete the thread.
wondering how this is behind the current price drop or mtGox?
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