Topic: Russia Banning Bitcoin (Read 2699 times)
I hope the Russian Government realizes it will create a "Black Market"....
The thought, a black market in Russia.
Seriously,
Everything is illegal in Russia.
~BCX~
Like Russians care if something is illegal. 
On a more serious note, I really think Russia is probably one of the last places on earth that would ban BTC, the only place in the world where the biggest bank actually takes a very positive stance about Bitcoin.
http://invezz.com/news/forex/8404-bitcoin-usd-head-of-russias-biggest-bank-backs-bitcoin
On a more serious note, I really think Russia is probably one of the last places on earth that would ban BTC, the only place in the world where the biggest bank actually takes a very positive stance about Bitcoin.
http://invezz.com/news/forex/8404-bitcoin-usd-head-of-russias-biggest-bank-backs-bitcoin
not surprised by this
The text calls bitcoins "virtual currencies" and warns against using "virtual currencies".
In a separate paragraph it notes that it is illegal to issue "surrogate currencies"
The text does not imply in any way that "virtual currencies" are "surrogate currencies"
thus not implying that the former ones are banned.
However, it also warns that providing a service involving virtual currencies to companies (not individuals)
will be considered as a potential involvement in dubious (yes, it uses a rather vague term)
operations as per the money laundry legislation. (text in brackets mine)
This.In a separate paragraph it notes that it is illegal to issue "surrogate currencies"
The text does not imply in any way that "virtual currencies" are "surrogate currencies"
thus not implying that the former ones are banned.
However, it also warns that providing a service involving virtual currencies to companies (not individuals)
will be considered as a potential involvement in dubious (yes, it uses a rather vague term)
operations as per the money laundry legislation. (text in brackets mine)
Learn to read before spreading FUD. They just issued the same warning as other banks, seems like they feel threatened.
Its even worse if youre a Gay bitcoin user. Lol
Did we expect anything else from the likes of russia and china?
Did china embrace the internet, no, they dont allow their citizens to use google or facebook openly without being controlled. Why would we expect them to treat bitcoin any differently.
Did we expect anything else from the likes of russia and china?
Did china embrace the internet, no, they dont allow their citizens to use google or facebook openly without being controlled. Why would we expect them to treat bitcoin any differently.
That regulation is a perfect example. It's on the books and the firewall is up, however, it's easy to get around. All you need is a $10/mo VPN.
I can't imagine they'll have some super sophisticated BTC blocking technology any time soon.
Just came across an article saying Russia warning against Bitcoin.
http://rt.com/business/bitcoin-warning-russia-bank-280/
I haven't seen anyone post about this, what are your thoughts on this?
http://rt.com/business/bitcoin-warning-russia-bank-280/
I haven't seen anyone post about this, what are your thoughts on this?
Requesting not to speculate. Russia is NOT banning Bitcoin. Rather Russia has the highest share of Bitcoin on free faucet earning. Russia is against illegal uses of Bitcoin, e.g. terror funding, skin business etc, same as of USA.
Its even worse if youre a Gay bitcoin user. Lol
Did we expect anything else from the likes of russia and china?
Did china embrace the internet, no, they dont allow their citizens to use google or facebook openly without being controlled. Why would we expect them to treat bitcoin any differently.
Did we expect anything else from the likes of russia and china?
Did china embrace the internet, no, they dont allow their citizens to use google or facebook openly without being controlled. Why would we expect them to treat bitcoin any differently.
We all know banning BTC is useless. Especially in massive countries such as China and Russia. There's no realistic way to prevent people from buying and selling amongst themselves. The only thing that can harm BTC is exchanges getting shutdown or the inability to transfer BTC to other people.
The price tends to increase each time a government tries to step. Let 'em keep coming at it.
The price tends to increase each time a government tries to step. Let 'em keep coming at it.
yes finally, a bunch of people that can read a newspaper properly and understand that all of these bank warnings are truly that, only warnings.
thank god the sheeple of 2013 are not here spreading propaganda and chinese whispers. now all we need is to fix the media to only publish the truth....
.. well an impossible task i know. but atleast today i get to see a few people that can read between the lines and pull out the truth from someone elses misunderstandings.
thank god the sheeple of 2013 are not here spreading propaganda and chinese whispers. now all we need is to fix the media to only publish the truth....
.. well an impossible task i know. but atleast today i get to see a few people that can read between the lines and pull out the truth from someone elses misunderstandings.
China "banned" bitcoins. Russia "banned " bitcoins. Both seemingly issued only a warning. For now.
That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not RussianAre you sure about that?
Quote
Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Emphasis mine. See their terms.
Do they even have a real company?
That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not RussianAre you sure about that?
Quote
Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Emphasis mine. See their terms.
That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not RussianAre you sure about that?
Quote
Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Emphasis mine. See their terms.
I have also heard that it is based in Bulgaria....
Seems like it is a big mystery lol
That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not RussianAre you sure about that?
Quote
Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
Emphasis mine. See their terms.
That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not RussianAre you sure about that?
That's not a very good news. Is it safe to keep our money on BTC-e?
BTC-e is not Russian 
That's not a very good news. Is it safe to keep our money on BTC-e?
It's never safe to keep any amount of money you care about on an exchange.
That's not a very good news. Is it safe to keep our money on BTC-e?
Russia will do what it needs to control its citizens.
The text calls bitcoins "virtual currencies" and warns against using "virtual currencies".
In a separate paragraph it notes that it is illegal to issue "surrogate currencies"
The text does not imply in any way that "virtual currencies" are "surrogate currencies"
thus not implying that the former ones are banned.
However, it also warns that providing a service involving virtual currencies to companies (not individuals)
will be considered as a potential involvement in dubious (yes, it uses a rather vague term)
operations as per the money laundry legislation. (text in brackets mine)
In a separate paragraph it notes that it is illegal to issue "surrogate currencies"
The text does not imply in any way that "virtual currencies" are "surrogate currencies"
thus not implying that the former ones are banned.
However, it also warns that providing a service involving virtual currencies to companies (not individuals)
will be considered as a potential involvement in dubious (yes, it uses a rather vague term)
operations as per the money laundry legislation. (text in brackets mine)
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