Ukraine 'to Crackdown on Separatist Bitcoin Accounts'

SirChiko

legendary

Activity: 966

Merit: 1000

Quote from: leopard2 on March 21, 2015, 05:44:46 PM

Quote from: Robert Paulson on March 20, 2015, 02:21:25 PM

oh no, they will arrest the CEO of bitcoin!

No they will shut down the magical internet! Cheesy

Hilarious how Russia and Ukraine are both against Bitcoin Roll Eyes

Who stated ukraine is against bitcoin sir?
I only see that they are trying to get money out of separstists hands and not anything against bitcoin as cryptocurrency.
Also on main topic : they made really stupid press relase rofl, max they can do is ban their BANK accounts.

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: bryant.coleman on March 23, 2015, 04:59:53 AM

Actually they tried to force an economic blockade of the rebel territory. The rebels responded by replacing the Hryvnia with Russian Ruble, and by selling their coal to Russian buyers. This weakened the Hryvnia, and the Ukrainian power stations are left without any coal to burn.

Actually they are buying coal from Russia

.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: Amph on March 23, 2015, 08:26:43 AM

they mean bank account, exchange stuff related, i doubt they are talking about tracking wallet and address

anyway this is the usual "terrorist" news, to instill fear in people, not much will change

But that wouldn't make any sense. If you block individual's bank account(s) he won't be able to trade on the exchange. 'Problem' solved, no need to even mention bitcoin or anything else.

So either Nalyvaychenko is just talking random BS in attempt to look smart (like he has a good grasp in current technology), or maybe it's just an excuse to attack local bitcoin exchange(s), for whatever reason.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: pawel7777 on March 20, 2015, 12:28:40 PM

http://www.coindesk.com/ukraine-to-crackdown-on-separatist-bitcoin-accounts/

Quote

Nalyvaychenko noted:

"The financing of terrorism in the territory of Ukraine is carried out not only by the cash coming from Russia, but also through attempts to make money through electronic systems [...] we will work to block cards and bitcoin accounts being used by the separatists."

What is bitcoin account? Where can I get one?

Sounds like just another strange statement from Ukrainian security service and I sense Mr Nalyvaychenko doesn't have a clue what he's talking about.

they mean bank account, exchange stuff related, i doubt they are talking about tracking wallet and address

anyway this is the usual "terrorist" news, to instill fear in people, not much will change

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: bitboy11 on March 23, 2015, 05:37:00 AM

Ukraine will surely lose this battle... Grin

They may be able to block a few of the accounts but the vast majority will escape undetected.
Just more wishful thinking from these egomaniac countries.

There's no battle. As bryant.coleman wrote, the rebels switched to Russian ruble and do not depend on Ukrainian banks.

The only ones who will probably get hit are Ukrainian (non-separatist) bitcoin users:

Quote

In the meantime, Reddit users have fuelled speculation that Ukranian exchange website BTCTrade.com.ua may be inaccessible to domestic Internet users.

Confirmation, which has been loosely translated, came via Twitter: "We are under suspicion by Privatbank. We apologise for temporarily suspending payouts in Hryvnia."

bitboy11

hero member

Activity: 534

Merit: 500

Ukraine will surely lose this battle... Grin

They may be able to block a few of the accounts but the vast majority will escape undetected.
Just more wishful thinking from these egomaniac countries.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: bronan on March 23, 2015, 05:08:14 AM

Its so darn funny that people seems to believe that the ones fighting on the streets are using btc....
THEY DON'T, the ones using it are the leaders who are hiding in nice places withou any risk with everything at hand....
And i am sure its indeed pretty impossible to stop crypto coins being used by criminals its the best way to hide their money.

That is true. Maybe like less than 1% of rebels have access to bitcon - so that statement of Ukrainian government has no basis in reality. And maybe like
1%-3% (or even less) of all funds of rebels are bitcoin related. But publicity stunt is real.

bronan

hero member

Activity: 774

Merit: 500

Lazy Lurker Reads Alot

Its so darn funny that people seems to believe that the ones fighting on the streets are using btc....
THEY DON'T, the ones using it are the leaders who are hiding in nice places withou any risk with everything at hand....
And i am sure its indeed pretty impossible to stop crypto coins being used by criminals its the best way to hide their money.

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Quote from: Hazir on March 23, 2015, 03:46:30 AM

I guess they can't even block normal bank account of these rebels not to mention any cryptocurrency services.

Actually they tried to force an economic blockade of the rebel territory. The rebels responded by replacing the Hryvnia with Russian Ruble, and by selling their coal to Russian buyers. This weakened the Hryvnia, and the Ukrainian power stations are left without any coal to burn.

tadakaluri

hero member

Activity: 616

Merit: 500

How can they find terrorist links to a Bitcoin wallet?

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: bryant.coleman on March 23, 2015, 02:42:41 AM

Hmm.... good publicity from Nalyvaychenko & Co. But unfortunately, he doesn't know WTF he is talking about. The Ukrainian government can't stop the rebels from accepting BTC, unless they jail all of them and block internet access. That is what Bitcoin is all about.

No wonder ukrainian rebels do as they want to without much problem really. Ukrainian government is incompetent if they even don't know how bitcoin works I wonder what other idiotic things they do/say. I guess they can't even block normal bank account of these rebels not to mention any cryptocurrency services.

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Hmm.... good publicity from Nalyvaychenko & Co. But unfortunately, he doesn't know WTF he is talking about. The Ukrainian government can't stop the rebels from accepting BTC, unless they jail all of them and block internet access. That is what Bitcoin is all about.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Daniel91 on March 20, 2015, 03:33:28 PM

Quote from: pedrog on March 20, 2015, 12:51:00 PM

Another market for bitcoin, war financing, and this is a huge market...

Well, it's already used to enable gun black markets in the darknet, it's just a small step for war financing, bitcoin is becoming a true currency. Cheesy

I do not think bitcoin should move in that direction.
Such development can damage the reputation and credibility of Bitcoin.
If this happen, I don't think we will be able to attract many more users or merchants to start using BTC.

There's nothing anyone can do, bitcoin is like cash, it will change hands regardless you like or not the kind of business it is being done.

leopard2

legendary

Activity: 1372

Merit: 1014

Quote from: Robert Paulson on March 20, 2015, 02:21:25 PM

oh no, they will arrest the CEO of bitcoin!

No they will shut down the magical internet! Cheesy

Hilarious how Russia and Ukraine are both against Bitcoin Roll Eyes

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: pedrog on March 20, 2015, 12:51:00 PM

Another market for bitcoin, war financing, and this is a huge market...

Well, it's already used to enable gun black markets in the darknet, it's just a small step for war financing, bitcoin is becoming a true currency. Cheesy

I do not think bitcoin should move in that direction.
Such development can damage the reputation and credibility of Bitcoin.
If this happen, I don't think we will be able to attract many more users or merchants to start using BTC.

pawel7777

legendary

Activity: 2436

Merit: 1561

Quote from: Wendigo on March 20, 2015, 03:03:19 PM

How does he know which bitcoin accounts are being used by the separatists? Maybe he meant to say bitcoin wallets at an exchange or something.

If he meant exchanges, then blocking separatists' bank accounts would do the trick.

Truth is he probably have a very limited idea on how Bitcoin works and all his knowledge comes from reading headlines in newspapers. I'm guessing he just threw in word 'Bitcoin' to make him look like he's up to date with current trends and technology etc.

The Ukraine government are just CIA's puppets, so they don't even try to look smart and do any research before making public statements. On the other side you have separatists controlled by Russia. It's not fun to live in Ukraine right now.

Wendigo

legendary

Activity: 2604

Merit: 1036

How does he know which bitcoin accounts are being used by the separatists? Maybe he meant to say bitcoin wallets at an exchange or something.

Robert Paulson

sr. member

Activity: 448

Merit: 250

oh no, they will arrest the CEO of bitcoin!

Snipe85

sr. member

Activity: 756

Merit: 250

Infleum

Drugs, gambling, guns, ISIS and now Ukrainian protesters. Bitcoin is surely becoming more and more popular.
Even if by accounts they mean their addresses, I wonder how they are planning to block these. Jam their internet access? Cheesy

It's funny that these government services can't afford to hire an expert to at least use the proper terminology.

pedrog

legendary

Activity: 2786

Merit: 1031

Another market for bitcoin, war financing, and this is a huge market...

Well, it's already used to enable gun black markets in the darknet, it's just a small step for war financing, bitcoin is becoming a true currency. Cheesy

Topic: Ukraine 'to Crackdown on Separatist Bitcoin Accounts' (Read 1503 times)