Russia to ban cryptocurrencies by 2015

CryptoCarmen

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Quote from: BrannigansLaw on September 13, 2014, 01:39:59 PM

Quote from: CryptoCarmen on September 13, 2014, 12:29:54 PM

Quote from: LiteCoinGuy on September 13, 2014, 03:14:18 AM

more important is US, UK, China (Asia) and EU. people in russia wont care.

UK is EU.
And Russia is way more then UK.

What does that even mean?

1. That you cant say UK and EU. If you say EU you also mean UK.

2. Russia is much more important for BTC or any economy as it is UK.

dankkk

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Quote from: bryant.coleman on September 13, 2014, 11:27:47 AM

It is not as bad as it sounds. The government hasn't banned the possession of Bitcoins. The only thing is that converting Bitcoins to cash or cash to Bitcoin will get a bit trickier. Also, the tax situation will get more complex. But still, I don't think they will implement it by next year... if they actually wanted to ban it, then they would have already done that instead of waiting for one more year. Grin

It is not even possible to ban the possession of bitcoin. It is simply too easy to hide the fact that you hold bitcoin. You could easily store your wallet file in an encrypted format that would make it impossible for anyone to know that it contained private keys, or even better to have a brain wallet that is sufficiently secure so that the brain wallet "farmers" would not be able to steal your bitcoin

cryptobeast

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The only way to ban Bitcoin in Russia is to ban the internet.

googlemaster1

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People have this jaded view that if the government bans something its going to drive people away from it. We are so nascent that it would likely attract more people than it would drive away to be honest.

BrannigansLaw

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Quote from: CryptoCarmen on September 13, 2014, 12:29:54 PM

Quote from: LiteCoinGuy on September 13, 2014, 03:14:18 AM

more important is US, UK, China (Asia) and EU. people in russia wont care.

UK is EU.
And Russia is way more then UK.

What does that even mean?

pringbit

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They simply can't stop the crypto currencies, banning is useless.

torpedo

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not the first time, not the last. They will continue to ban CC until they're tired of writing articles about banning it -_-

CryptoCarmen

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Quote from: LiteCoinGuy on September 13, 2014, 03:14:18 AM

more important is US, UK, China (Asia) and EU. people in russia wont care.

UK is EU.
And Russia is way more then UK.

bryant.coleman

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It is not as bad as it sounds. The government hasn't banned the possession of Bitcoins. The only thing is that converting Bitcoins to cash or cash to Bitcoin will get a bit trickier. Also, the tax situation will get more complex. But still, I don't think they will implement it by next year... if they actually wanted to ban it, then they would have already done that instead of waiting for one more year. Grin

guybrushthreepwood

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Quote from: Dyklotz on September 13, 2014, 07:33:16 AM

Quote from: Gomer on September 13, 2014, 07:30:37 AM

This makes no sense.

Why not regulate it and watch it? the crooks will simply use it.

It's like the war on drugs. You simply cannot stop it, so stop wasting your time and money doing so. You simply help the criminals in the long term with this type of stuff.

Because the are retards missing the point, just like everyone not being involved in Bitcoin as we speak.

Exactly. It's not that "criminals" or "terrorists" use it - that's just an excuse - it's the fear of something they can't control or easily tax and that's why they're stepping in early to try control it before it gets too big for them to handle.

Dyklotz

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Quote from: LightningBlade on September 13, 2014, 08:15:07 AM

How many times they have to ban crypto? Isn't it already banned?

"Banning crypto" is within itself a vapid concept.

LightningBlade

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How many times they have to ban crypto? Isn't it already banned?

hopenotlate

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At the moment is Russia being banned by EU for the Ukraine question.

copy/paste

" ... In the viewfinder, there are banks, companies in the field of defense and energy and 24 new people who bring in a total of 119 names of those affected by the freezing of assets and travel bans in Europe..."

Gomer

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Quote from: Dyklotz on September 13, 2014, 07:33:16 AM

Quote from: Gomer on September 13, 2014, 07:30:37 AM

This makes no sense.

Why not regulate it and watch it? the crooks will simply use it.

It's like the war on drugs. You simply cannot stop it, so stop wasting your time and money doing so. You simply help the criminals in the long term with this type of stuff.

Because the are retards missing the point, just like everyone not being involved in Bitcoin as we speak.

Yep and they think they can control it by saying "you can't do that"

when you're saying that to drug lords and mobsters you're pissing up a rope. how these people can't see that I have no idea.

Dyklotz

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Activity: 26

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Quote from: Gomer on September 13, 2014, 07:30:37 AM

This makes no sense.

Why not regulate it and watch it? the crooks will simply use it.

It's like the war on drugs. You simply cannot stop it, so stop wasting your time and money doing so. You simply help the criminals in the long term with this type of stuff.

Because the are retards missing the point, just like everyone not being involved in Bitcoin as we speak.

Gomer

newbie

Activity: 13

Merit: 0

This makes no sense.

Why not regulate it and watch it? the crooks will simply use it.

It's like the war on drugs. You simply cannot stop it, so stop wasting your time and money doing so. You simply help the criminals in the long term with this type of stuff.

Eastwind

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Russian banking system is being cut from west. The only way out of it is Bitcoin. Russia got enormous resources to mine most of the Bitcoins.

fairglu

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Quote from: BitCoinNutJob on September 13, 2014, 04:18:25 AM

Kinda interesting that russia seems to be so negative about crypto yet russia today news channel has max keiser forever pumping bitcoin and other crypto lol

I guess "normal" Russians are as open to cryptos than peoples in other nations, and maybe more than US or Europeans as they have a weak national currency, and plenty of good reasons to distrust that national currency.
Russian apparatchiks and rulers on the other hand are afraid of it as widespread bitcoin use would weaken their control, and they already have other channels established for their shady fiat operations.

Also a public ledger becoming ubiquitous is probably their worst nightmare, fiat is much less traceable, less risks of someone going back years and unraveling all their money laundering!

BitCoinNutJob

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Kinda interesting that russia seems to be so negative about crypto yet russia today news channel has max keiser forever pumping bitcoin and other crypto lol

tsoPANos

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In math we trust.

Eventually Russia will have to compromise.
I don't think bitcoins will be banned in Russia.
Bitcoins will be strictly rugulated though.

Topic: Russia to ban cryptocurrencies by 2015 (Read 2495 times)