Putin Advisor: Accepting Bitcoin Payments in Russia is a Crime - page 3.

franky1

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Quote from: ahpku on February 06, 2016, 02:07:50 PM

Russian? Use google.
https://bitpress.ru/2016/02/06/rossijskim-bitkoin-polzovatelyam-grozit-shtraf-v-0-5-mln-rublej-ili-zaklyuchenie-v-tyurmu/

bitpress.. lol try reading the actual legislation draft rather than the media clickbaits. you will learn more if you go to source, i even handed you the link

by the way the 4-5million ruble.. is not a fine for citizens, its not a fine for businesses, its not a fine for government representatives..

its a fine for legal entities who do not register as a money business. basically if your a corrupt lawyer who dos not follow the law by registering the exchange, you are worse than a business or a individual who may not know better. and thus those who are well versed in law should be punished more so than others. for flouting the law(by not registering)

Kprawn

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Russia have been jumping around this issue, like a rabbit on a hot plate. The one moment you hear it is banned and the next moment it's legal but you

cannot exchange it to fiat. I think they want to follow the same route with this, than what is happening in the rest of Europe. They want to force people

to use regulated exchanges... this way they can track all money going in and out of Russia. It is about control, not banning Bitcoin. Sad

ahpku

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Quote from: Laosai on February 06, 2016, 02:03:06 PM

Quote from: franky1 on February 06, 2016, 01:50:16 PM

Quote from: Laosai on February 06, 2016, 01:44:03 PM

Not cool...
But I just don't understand why!
Why is Russia trying to fight bitcoin? It's not like it was a threat for it.

It's not interesting for the government to fight it.

its not a direct attack on bitcoin.. its an attack on unregistered exchanges.. lots of non bitcoin related (unregistered) money businesses can be affected.
the term is money surrogates.. which isnt limited to bitcoin.

its the crypto media that are spinning the news as clickbait.

Oh ok.

But that means if I use btc as a business but register the exchanges and pay the taxes, I won't have any problem no? Cause in this case it's just very similar to anything existing anywhere in the world!

Russian? Use google.
https://bitpress.ru/2016/02/06/rossijskim-bitkoin-polzovatelyam-grozit-shtraf-v-0-5-mln-rublej-ili-zaklyuchenie-v-tyurmu/
B пocлeднeм oтчeтe издaния пpaвитeльcтвa PФ «Poccийcкaя гaзeтa» cooбщaeтcя, чтo Mинфин пpeдлoжил внecти пoпpaвки в Угoлoвный кoдeкc cтpaны, coглacнo кoтopым лицa, пpичacтныe к выпycкy кpиптoвaлют, бyдyт «oштpaфoвaны нa cyммy в пoлмиллиoнa pyблeй или пpигoвopeны к иcпpaвитeльным paбoтaм нa cpoк дo двyx лeт».

Laosai

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Quote from: franky1 on February 06, 2016, 01:50:16 PM

Quote from: Laosai on February 06, 2016, 01:44:03 PM

Not cool...
But I just don't understand why!
Why is Russia trying to fight bitcoin? It's not like it was a threat for it.

It's not interesting for the government to fight it.

its not a direct attack on bitcoin.. its an attack on unregistered exchanges.. lots of non bitcoin related (unregistered) money businesses can be affected.
the term is money surrogates.. which isnt limited to bitcoin.

its the crypto media that are spinning the news as clickbait.

Oh ok.

But that means if I use btc as a business but register the exchanges and pay the taxes, I won't have any problem no? Cause in this case it's just very similar to anything existing anywhere in the world!

ahpku

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Quote from: franky1 on February 06, 2016, 01:47:18 PM

...
...

What are you translating? Surely not the 1605 page .pdf you linked me to?
Source (link) plz

@OROBTC, of course Russian government is corrupt. You didn't just discover this today, did you?

OROBTC

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...

What I find interesting about the Russian government's distaste for Bitcoin is the matter of Putin being the world's richest man! I do not have a handy reference to pass along, but I have read a couple of accounts over the past several weeks of the huge amount of money he has apparently made (scammed, stolen) in the ultra-corrupt Russia of today.

Putin as a Russian patriot, my ass. The people running Russia are at least as corrupt as anywhere else (probably more so), I write as an American well aware of our corruption here.

Russia's government does not want anyone else competing with them, nor to make it easy for Russian citizens to protect their own money as they may choose.

franky1

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Quote from: Laosai on February 06, 2016, 01:44:03 PM

Not cool...
But I just don't understand why!
Why is Russia trying to fight bitcoin? It's not like it was a threat for it.

It's not interesting for the government to fight it.

its not a direct attack on bitcoin.. its an attack on unregistered exchanges.. lots of non bitcoin related (unregistered) money businesses can be affected.
the term is money surrogates.. which isnt limited to bitcoin.

its the crypto media that are spinning the news as clickbait.

franky1

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Merit: 4794

ok ill use google and then translate from computer to real english
draft bill

Quote

1. Issuance of money surrogates without statement of person or persons performing such issuanse, and/or should such issuance is not provided for in the legal codes of the Russian Federation, or is performed in violation of procedures established under the legislation of the Russian Federation,

if not registered as a money businesss, under the rules of the russian federation

Quote

in case such activity incorporates no criminally punishable acts invoke administrative penalty to the tune of

you wont get a prison sentance but instead a fine of...

Quote

twenty thousand to forty thousand rubles along with confiscation of the administrative violation item for citizens;

$250/£175 to $500/£350 if you are an individual exchanger

Quote

fifty thousand to seventy thousand rubles along with confiscation of the administrative violation item for entrepreneurs;

£450 to £630 if you are a small business exchanger

and it goes on and on but here is parts people gloss over

Quote

Note. The following actions are not deemed administrative violations subject to punishment provided herein:
1) usage of assets subject to being classified as money surrogates by a person being identified or being under the process of simplified identification.

its worth reading the source documentation. sometimes best to read it in a quiet space where you got time to take in the information and maybe even read it a few times incase you skip critical parts

Laosai

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Quote from: franky1 on February 06, 2016, 12:10:46 PM

Quote from: franky1 on February 06, 2016, 07:15:05 AM

firstly the bill is a draft.
secondly its about issuing any form of money without registering as a money business.
thirdly its not criminal (prison) its civil (fine)

citizens accepting funds for own use wont get fined.

but if found exchanging it multiple times(as a private broker/dealer) without being registered will be fined $250-$500 plus said bitcoins linked to the private broker confiscated.

small businesses accepting funds for own use wont get fined. but if found exchanging it in their small business will be fined $650-$900 plus said bitcoins linked to the small business confiscated.

large businesses.. blah blah.. $1000-$1300 fine plus coins confiscated

best analogy i can compare it to..
drugs
if your just buying it for personal use and only caught once. nothing will happen. but if your an unlicenced medication dispenser(dealer).. expect a fine.

Not cool...
But I just don't understand why!
Why is Russia trying to fight bitcoin? It's not like it was a threat for it.

It's not interesting for the government to fight it.

ahpku

sr. member

Activity: 294

Merit: 250

Quote from: franky1 on February 06, 2016, 01:28:22 PM

Quote from: ahpku on February 06, 2016, 01:25:47 PM

What is your native language, so I can learn it & try to communicate with you?

i am british, i just have a better understanding of languages compared to google translate

I am Russian. Muscovite, born & bred. Now either point me to the inaccuracies, or stop spreading misinformation.
thnx

Time passes.
Still waiting.
My pdf reader refuses to search cyrillics, and the document in your link is over 1,600 pages long.
halp plox!

franky1

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Quote from: ahpku on February 06, 2016, 01:25:47 PM

What is your native language, so I can learn it & try to communicate with you?

i am british, i just have a better understanding of languages compared to google translate.

plus i treat every word as important and not gloss over words.. unlike CCN and other media who love to twist the story to get more viewers

ahpku

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Quote from: franky1 on February 06, 2016, 01:21:08 PM

Quote from: ahpku on February 06, 2016, 01:13:09 PM

Apparently, English is not your native tongue either. I'll repeat and rephrase: Which part of which translation do you find lacking? Please quote original Russian text and its inaccurate translation.
Thanx

ignore media.. go straight to source
draft bill

What is your native language, so I can learn it & try to communicate with you?

bearex

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aww shiz. At least i hope this will not adapt in Europe. I mean, it gets taxed same as cash when you pay with it, so why should it be banned?

franky1

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Quote from: ahpku on February 06, 2016, 01:13:09 PM

Apparently, English is not your native tongue either. I'll repeat and rephrase: Which part of which translation do you find lacking? Please quote original Russian text and its inaccurate translation.
Thanx

ignore media.. go straight to source
draft bill

ill highlight some words in english that some people seem to gloss over
malevolent issuance = unregistered money exchange business
simplified identification = registering as a money exchange business

ahpku

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Quote from: franky1 on February 06, 2016, 01:05:34 PM

Quote from: ahpku on February 06, 2016, 12:54:37 PM

Quote from: franky1 on February 06, 2016, 12:49:04 PM

alot of bad translating from people..

especially 'ahpku' who linked in CCN news. ...

Ahpku is a native Russian speaker, care to point him to the translations you find particularly bad?

lesson one, read the draft Bill. not the CCN news,
lesson two. click the references of CCN and you will see that it is a quote of a quote of someone not even writing the draft bill.. but is an 'expert' on the subject

if you read the draft bill. it highlights that people who are not registered as money issuers will get fined.

Apparently, English is not your native tongue either. I'll repeat and rephrase: Which part of which translation do you find lacking? Please quote original Russian text and its inaccurate translation.
Thanx

franky1

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Activity: 4424

Merit: 4794

Quote from: ahpku on February 06, 2016, 12:54:37 PM

Quote from: franky1 on February 06, 2016, 12:49:04 PM

alot of bad translating from people..

especially 'ahpku' who linked in CCN news. ...

Ahpku is a native Russian speaker, care to point him to the translations you find particularly bad?

lesson one, read the draft Bill. not the CCN news,
lesson two. click the references of CCN and you will see that it is a quote of a quote of someone not even writing the draft bill.. but is an 'expert' on the subject

if you read the draft bill. it highlights that people who are not registered as money issuers will get fined.

quadriple7

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puting dont care about future so he thinks that its a crime but it isint.

ahpku

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Quote from: Amph on February 06, 2016, 12:52:35 PM

he can say what he want, the true is that no one cna stop bitcoin, who is using bitcoin right now in russi will keep using it, ...

Possibly not everyone in Russia currently using Bitcoin is willing to be a criminal & risk jail time.
Not ready to concede that Bitcoin is the currency of criminals Undecided

ahpku

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Quote from: franky1 on February 06, 2016, 12:49:04 PM

alot of bad translating from people..

especially 'ahpku' who linked in CCN news. ...

Ahpku is a native Russian speaker, care to point him to the translations you find particularly bad?

Amph

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he can say what he want, the true is that no one cna stop bitcoin, who is using bitcoin right now in russi will keep using it, the other that did not know about bitcoin will remain as outsiders to bitcoin

also as i said, you don't need every country to accept bitcoin, in the world, to reach adoption

Topic: Putin Advisor: Accepting Bitcoin Payments in Russia is a Crime - page 3. (Read 2526 times)